Norco Medical <https://www.norcomedical.com/
BOISE, Idaho – Norco has acquired Kaysville, Utah-based Petersen Medical, broadening its service offerings and reach across eight states in the Northwest.
Norco Medical is excited to increase its footprint and expects the acquisition to drive operational excellence and elevate patient experiences.
“We are thrilled to welcome Petersen Medical to the Norco family,” said Norco Inc. President Brent Seward and CEO Nicole Kissler. “Our combined strengths, expertise and shared values will allow us to serve our communities with even greater dedication. Together, we will continue to set the standard for quality, reliability and exceptional service in the health care industry.”
Petersen Medical, founded in 1968, serves patients mainly along the Wasatch Front, a 105-mile-long urban corridor in northern Utah that includes Salt Lake City, Ogden, and Provo, as well as
parts of Idaho, Colorado, and Nevada. The company focuses on mobility, sleep, and oxygen. As the integration of Petersen Medical unfolds, Norco Medical will focus on its core mission of “Serving you better,” the company says.
“Continuity of service is at the heart of everything we do as we expand into the Utah market,” said Troy Johnson, executive vice president of Norco Medical. “Our top priority is ensuring that
patients and partners experience a unified transition, uninterrupted access to care, and the same compassionate support they have always relied on. This acquisition strengthens our ability to deliver on that promise, every day.”
The employee-owned family business, Norco – now led by third-generation Kissler – opened its first medical branch in downtown Boise in 1989. Today, it has 45 medical branches. The company also has industrial branches, bringing its total number of branches to 85, and has around 1,500 employees.
Norco Medical expects the acquisition to drive operational excellence and elevate patient experiences.
“We are thrilled to welcome Petersen Medical to the Norco family,” said Norco Inc. President Brent Seward and CEO Nicole Kissler. “Our combined strengths, expertise and shared values will allow us to serve our communities with even greater dedication. Together, we will continue to set the standard for quality, reliability and exceptional service in the health care industry.”
The M&A market for healthcare companies continues to build on STRATEGIC opportunities and a fragmented market. Consolidations along with unprecedented demand are driving scale across the continuum of care. The strategic corporate buyers and private equity investors remain committed to acquiring strong businesses that are well prepared for a transaction. Across the continuum of care, these buyers and investors are looking for well established, profitable businesses and offering prime valuations and options for management.
Do you know the current market value of your business? We do! We are here to help you plan, prepare, explore and succeed in executing your strategic options.
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