SpecialtyCare Completes Acquisition of Advanced Perfusion

Backed by private equity firm American Securities, Nashville-based SpecialtyCare has completed its acquisition of Advanced Perfusion Care Inc., a provider of cardiovascular perfusion and autotransfusion services. Terms of the deal were not disclosed. SpecialtyCare provides clinical services to hospitals. Advanced Perfusion Care is based in Pinehurst, North Carolina.

PRESS RELEASE
SpecialtyCare, the largest and most experienced provider of clinical services to hospitals, announced today that is has completed the acquisition of Advanced Perfusion Care, Inc. (APC), the second largest provider of cardiovascular perfusion and autotransfusion services in the US.

SpecialtyCare has seen significant growth over the past 4 years and this announcement comes only days after American Securities, a New York-based private equity firm, announced its investment in SpecialtyCare. With the addition of APC, SpecialtyCare serves more than 545 hospitals. Its clinicians provide perfusion services to over 180 open heart surgery programs and support one out of every ten open heart cases in the US. Clinical services provided to hospitals and other healthcare facilities include:

— Perfusion
— Autotransfusion
— Minimally Invasive Surgical Support
— Surgical Assist
— Intraoperative Neurological Monitoring
— Clinical Technician Services
— Sterile Processing Department Management

David Christaldi, President and CEO of APC, commenting on the move, said, “We believe SpecialtyCare will provide the platform for success in a rapidly changing healthcare environment by offering additional high quality, efficient services to our hospital customers.”

“APC is a well-respected company and has been an outstanding provider of perfusion and autotransfusion services, and we are very pleased to have them join our company,” said Gary Brukardt, Chairman and CEO of SpecialtyCare. “As we continue to grow, we will remain focused on being a trusted clinical partner to our hospital customers, providing a comprehensive suite of high quality, clinical services.”

About SpecialtyCare
Headquartered in Nashville, TN, SpecialtyCare is the largest and most experienced provider of outsourced perfusion, clinical technician, minimally invasive surgical support services and other specialty clinical services in the United States. SpecialtyCare’s clinicians also provide surgical assist, intraoperative neurological monitoring, and sterile processing department services. The company serves more than 545 hospitals, including more than 180 cardiac surgery programs at hospitals in 40 states, the District of Columbia, Puerto Rico, and Germany. SpecialtyCare employs more than 900 clinicians who support more than 290,000 surgical procedures annually.

About Advanced Perfusion Care, Inc.
Headquartered in Pinehurst, North Carolina, the company serves eighteen hospital clients in six states and the District of Columbia and supports more than 8,000 open heart and autotransfusion cases. Founded in 1989 by perfusionist David Christaldi, the company provides perfusion and autotransfusion services to hospitals.