SOURCE: McGladrey Capital Markets LLC

November 21, 2008 10:00 ET

McGladrey Capital Markets Leads Negotiations as HealthEdge Acquires Intra-Op Monitoring

COSTA MESA, CA--(Marketwire - November 21, 2008) - Intra-Op Monitoring Services Inc., an intra-operative neurophysiological monitoring company, has been acquired by HealthEdge Investment Partners. Transaction terms were not disclosed.

McGladrey Capital Markets LLC initiated the transaction, sourced the buyer, led the negotiations and acted as exclusive financial advisor to Intra-Op Monitoring Services. Illinois-based Ungaretti & Harris acted as the legal advisor to Intra-Op Monitoring, and Shumaker, Loop & Kendrick, LLP in Tampa, Fla., served as lead deal counsel for HealthEdge Investment Partners.

About McGladrey Capital Markets

McGladrey Capital Markets LLC ( is a global provider of investment banking services to private and public companies with annual revenues of up to $1 billion. The firm's services include mergers, acquisitions, divestitures, recapitalizations, capital raising, fairness opinions and restructurings. McGladrey Capital Markets, which offers in-depth expertise in 13 distinct industry sectors, brings together companies, capital and creativity on a national and international scale to help clients achieve their personal and strategic objectives.

McGladrey Capital Markets is affiliated with RSM McGladrey Inc., a professional services firm providing accounting, tax and business consulting. Both firms are indirect subsidiaries of H&R Block Inc. (NYSE: HRB), the world's preeminent tax services provider. McGladrey Capital Markets is also a member of RSM International, a worldwide network of professional services firms.

McGladrey Capital Markets' international headquarters are located in Costa Mesa, Calif. It also has offices in Chicago, Boston, Dallas, New York and London. The firm is a member of FINRA and SIPC.

About Intra-Op Monitoring Services

Founded in 1999, Intra-Op Monitoring Services ( provides intra-operative neurophysiological monitoring. The company utilizes advanced electrophysiological modalities to monitor and record the functional integrity of critical neural structures (brain, nerves, and spinal cord) and organs in real time during surgeries when these could potentially be at risk. The goal of neuromonitoring is to prevent permanent damage to nervous system structures during high-risk surgeries by identifying impending damage to the nervous system and alerting the surgeon to this potential damage so that corrective action can be taken. Intra-Op Monitoring is dedicated to improving the outcomes of a broad range of surgery types, including orthopedic, neurosurgical, otolaryngological, vascular, spinal, cardiothoracic and interventional radiological procedures. The company operates in 12 states located in the east, south and southeast regions of the United States and monitors over 6,000 cases annually.

About HealthEdge

Founded in 2005, HealthEdge Investment Partners ( is an operating-oriented private equity firm that focuses exclusively on the healthcare industry. HealthEdge seeks to achieve superior returns by investing in businesses that benefit from the knowledge, experience and network of relationships of its partners. HealthEdge's partners have more than 100 years of combined operating experience in healthcare; have generated over $750 million in value for investors as chief executives of such companies as PlanVista, ProxyMed, National Medical Health Card, WellCare and Best Generics; and as investors have generated pro forma returns on invested capital in excess of 35 percent annually. HealthEdge acquires control or significant minority ownership in both public and private companies with enterprise values between $10 million and $100 million. The firm targets companies in niche segments where the partners have extensive expertise in the following sectors: medical products, equipment and devices; healthcare services; healthcare information technology; selected pharmaceutical segments; and specialty distribution.

Contact Information

    McGladrey Capital Markets LLC
    Kelly Osborne
    Vice President
    Email Contact