Persante Acquires Sleep Management Services Expands National Footprint
Persante Health Care has acquired Sleep Management Services (SMS), a business process outsourcing company specializing in sleep care services across Arkansas and Texas. Funding for the acquisition was provided by Peninsula Capital Partners, a Detroit-based private investment firm that has raised and invested over $2 billion in capital across eight funds and 150 platform companies. In addition to supporting the SMS acquisition, Peninsula is also supporting Persante’s rapidly growing organic footprint. As one of the country’s largest providers of hospital-based sleep diagnostic and therapeutic solutions, Persante now services over 125,000 patients annually across 85 locations.
Vyto Kab, CEO of Persante Health Care, emphasized the significance of this expansion: “This acquisition represents a major leap forward in our mission to deliver innovative, high-quality sleep management solutions nationwide. We are reinforcing our role as the go-to partner for hospitals striving to improve patient health and streamline operations. With a strong recurring revenue model and an expanding presence in the country’s most densely populated healthcare markets, Persante is poised for continued growth and innovation in the sleep management sector.”
Kab is widely recognized for his leadership in the sleep care industry and has expertise in building successful healthcare companies across many different service verticals.
Persante has built a reputation for delivering innovative home sleep testing solutions. These solutions are supported by remote monitoring platforms that enable clinicians to track patient data in real time, allowing for timely interventions. The company remains committed to providing technologically advanced solutions through investments in cutting-edge diagnostic tools and data analytics.
This latest acquisition solidifies its position as the preferred hospital partner for sleep diagnostics, helping improve health outcomes on a national scale.
Sleep Management Services brings a new client base to Persante, with the potential for further expansion through additional resources and strategic partnerships. However, ensuring that both organizations’ operational workflows and patient care standards align will be crucial for their long-term success. This partnership will allow Persante to expand its reach into new geographies, provide more clients with specialized sleep care solutions, and further increase Persante’s market share.
Paragon Ventures represented Sleep Management Services in the transaction with Persante. Paragon’s Managing Director, Anthony Marsallo, lead the process with Jonathan Sadock, Managing Partner/CEO. Transaction terms were not disclosed. For more information contact www.ParagonVentures.com.
