PREZIO Health, which is backed by Frazier Healthcare Partners, has acquired Northfield Medical. No financial terms were disclosed. Cain Brothers served as financial adviser to Frazier Healthcare Partners and PREZIO on the deal. Based in Greensboro, North Carolina, Northfield Medical is a medical device repair company. Northfield was backed by Prairie Capital.
PREZIO Health (“PREZIO”), a portfolio company of Frazier Healthcare Partners, has acquired Northfield Medical (“Northfield”), a portfolio company of Prairie Capital.
The merged entity, which will take on the Northfield name, has a national presence with over 100 direct selling resources and over 100 on-site vans, with capabilities ranging from stainless surgical instrument reprocessing to complex flexible scopes.
The combined company’s products and services reach over 50% of U.S. hospitals; it is a leader in perioperative services, repair, maintenance and management of surgical instruments and educational programs for the Central Sterile Processing Department (CSPD). Through its comprehensive preventative instrument maintenance, repair and management services, the merged entity can offer a new level of precision management for vital healthcare equipment assets.
Cain Brothers served as exclusive financial advisor to Frazier Healthcare Partners and PREZIO in conjunction with the transaction.
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