Buyer: One Equity Partners
Seller: American Medical Technologies
Sector: HME, Medical Supply, Wound Care
One Equity Partners Acquires American Medical Technologies, a National Leader in Advanced Wound Care Management
Acquisition Positions Leading Wound Care Provider for Care Setting Expansion and Accelerated Growth
NEW YORK – AUGUST 11, 2020 – One Equity Partners (“OEP”), a middle market private equity firm, today announced that it has acquired American Medical Technologies (“AMT” or “the Company”), a provider of advanced wound care, ostomy, urology and tracheostomy supplies and services. Financial terms of the private transaction were not disclosed.
Founded in 1994, Irvine, California-based AMT provides both critical care supplies and clinical support services to skilled nursing facilities and other post-acute care settings across the United States. The Company assists healthcare providers with managing the treatment of more than 250,000 wounds annually.
“AMT has an excellent reputation as a market-leader in advanced wound care and clinical care services that help accelerate wound healing, mitigate infection complications, reduce hospital re-admittance, and increase patient satisfaction while reducing costs for facilities,” said Greg Belinfanti, Senior Managing Director, OEP. “We look forward to supporting AMT’s leadership in pursuing a significant number of expansion opportunities to bring AMT into the next phase of its growth.”
Serving more than 6,250 facilities across the U.S., AMT’s service model enables its customers to outsource billing, clinical programming, supply chain management and scheduling of wound care cases, and provides clinical staff with access to AMT’s comprehensive wound care expertise.
“We are thrilled to partner with OEP to expand our value-added services to Skilled Nursing Facilities,” said Sam Muppalla, Chief Executive Officer, AMT. “Increased patient acuity and wound complexity are highlighting the need for outcome-focused wound management services. OEP shares our vision for providing patients with comprehensive care that improves quality of life and drives better outcomes.”
“This transaction reflects OEP’s ability to source proprietary investment opportunities where we can leverage our experience in the post-acute healthcare sector,” said Brad Coppens, Managing Director, OEP. “We look forward to expanding AMT’s role in the healthcare delivery ecosystem to multiple additional care settings—both organically and through acquisitions—as recent changes in post-acute reimbursement favor service providers like AMT that serve the needs of chronically-ill, medically-complex patients.”
OEP has a long track record of partnering with management teams and founders of healthcare businesses to identify strategic growth opportunities and improve operational efficiencies. AMT will be the third investment from OEP’s Fund VII in the post-acute spectrum of care, following recent investments in Ernest Health, a market leader in inpatient rehabilitation facilities, and AdaptHealth Corp. (NASDAQ: AHCO), a leading provider of home medical equipment, supplies and related services.
About One Equity Partners
OEP is a middle market private equity firm focused on the industrial, healthcare, and technology sectors in North America and Europe. The firm builds market-leading companies by identifying and executing transformative business combinations. OEP is a trusted partner with a differentiated investment process, a broad and senior team, and an established track record generating long-term value for its partners. Since 2001, the firm has completed more than 180 transactions worldwide. OEP, founded in 2001, spun out of JP Morgan in 2015. The firm has offices in New York, Chicago, and Frankfurt. For more information, please visit www.oneequity.com.
About American Medical Technologies
Founded in 1994, AMT is a leading advanced wound care company that delivers comprehensive wound care, ostomy, urological, and tracheostomy programs to health care providers in the long-term care and post-acute environments. AMT is also an accredited supplier of Durable Medical Equipment, Prosthetics, Orthotics, and Supplies (“DMEPOS”) as well as a participating Medicare Part B provider. AMT serves over 6,250 facilities across all 50 states to facilitate the delivery of high-quality patient care.
The M&A activity across healthcare sectors continue to drive strong valuation and strategic options for business owners. Considering a sale, merger or recapitalization? If your business is ready, the market opportunities and strategic options in the current market are worthy of your consideration.
Contact Paragon Ventures for more information.