LOS ANGELES, CA--(Marketwired - March 08, 2016) - Vicente Capital Partners announced today that its portfolio company MedBridge Healthcare, a leader in the field of sleep disorder diagnosis and treatment, completed a merger with Sleep Services of America (SSA), a wholly-owned subsidiary of the Johns Hopkins Health System. John Mathias, President of SSA, will join the MedBridge Healthcare senior management team while continuing to lead SSA as an operating subsidiary of MedBridge Healthcare.
This transaction brings together two of the most well-respected sleep services companies in the United States. SSA currently operates locations in Maryland, New York, Georgia, North Carolina, and the District of Columbia. MedBridge Healthcare and SSA, collectively, provide more than 60,000 diagnostic sleep studies per year, serving patients from over 140 locations in 21 states and the District of Columbia.
Matt Mellott, President of MedBridge Healthcare stated, "Both MedBridge Healthcare and Sleep Services of America have strong reputations for putting patients first and providing the highest quality clinical services for their clients. Together, we will provide innovative patient care solutions and combine best practices to better serve the increasing population of those suffering from sleep disorders."
"Johns Hopkins Medicine is committed to SSA and to the advancement of the diagnosis and treatment of sleep disorders," stated Mark Shaver, Vice President of Business Development and Strategic Alliances for Johns Hopkins Medicine. "The combined company will continue to focus on the development of innovative programs to improve the health of the communities and health systems that SSA serves." As a result of the transaction, Johns Hopkins will become a minority shareholder of MedBridge Healthcare. Mark Shaver and Daniel Smith, President and CEO of Johns Hopkins Home Care Group, will join MedBridge Healthcare's Board of Directors.
"We are thrilled about the merger between MedBridge and SSA," said Klaus Koch, Managing Partner of Vicente Capital Partners and Chairman of the Board of MedBridge Healthcare. "The businesses complement each other very well and this transaction solidifies MedBridge's position as one of the largest healthcare platforms in the sleep disorder and CPAP therapy market."
"This was truly a unique opportunity to merge with one of the premier businesses in the sleep diagnostic and CPAP therapy management market," said Matt Mellott, President of MedBridge Healthcare. "We are very excited to be able to leverage the MedBridge platform in combination with the talent and resources at SSA to expand the combined business and continue to meet the needs of over 50 million Americans that have sleep disorders."
About MedBridge Healthcare
MedBridge Healthcare is a leading provider of diagnostic services and respiratory therapy services that serves the large and growing population of patients with Obstructive Sleep Apnea (OSA) and other sleep disorders. MedBridge provides comprehensive, fully-integrated services for patient identification, testing, diagnosis, treatment, and long-term care management of OSA patients, all of which are coordinated through its customized sleep patient management software platform. MedBridge's customers include many of the nation's premier hospital systems and physician groups, making it the provider of choice for outsourced sleep diagnostic testing, home sleep testing, and long term continuous positive airway pressure (CPAP) therapy management. Founded in 2004 and acquired by Vicente Capital Partners in 2008, the company is now the second largest provider of sleep diagnostic services and respiratory therapy services in the United States.
About Vicente Capital Partners
Vicente Capital Partners is a private equity firm specializing in both non-control and control investments in growth businesses that have annual revenues between $5 million and $25 million. The firm's investment professionals have a long and successful track record of partnering with management teams to create and realize value across a number of different industries including: Business Services (outsourced services, Internet services, telecom services); Consumer Services (healthcare services, residential delivery, education); and Specialty Manufacturing (aerospace & defense, environmental products, networking/telecom equipment). Prior investments include: Overture (acquired by Yahoo!), Rent.com (acquired by eBay), Unlimited Fiber Optics (acquired by Cogent Communications), Sensor Systems, Transoft Networks (acquired by HP), Alta Healthcare System (acquired by Prospect Medical Holdings), LivHome, and O2 Science (acquired by Pacific Pulmonary Services), among others.
Investments in Vicente Capital Partners' current portfolio actively seeking add-on acquisitions include:
- CampusExplorer.com - an online lead generation business that provides information to tens of thousands of students each day who research their college options on the web
- Global LT, Inc. - a provider of language training, cultural training, and expatriate destination services that empower individuals to live and work successfully anywhere in the world
- Intellectual Technology, Inc. - the leading provider of print-on-demand, self-serve kiosks, and other fulfillment solutions to the Departments of Motor Vehicles in the U.S.
- MedBridge Healthcare - a leading provider of sleep diagnostic testing and respiratory therapy services, serving patients with Obstructive Sleep Apnea and other sleep disorders
- SMT - a provider of graphics, statistics, and video enhancement software and other digital video services used by live television and sports broadcast networks
- VXi - a provider of best-in-class corded and wireless headset solutions designed specifically for call centers and other high-noise environments
For more information about Vicente Capital Partners, please visit www.vicentecapital.com.
Contact Information:
Vicente Capital Partners
T: + 1.310.826.2255