Vicente Capital Partners‘ portfolio company MedBridge Healthcare has acquired Precision Diagnostic Systems, a provider of sleep disorder diagnosis and testing services, and SleepEasy Therapeutics, a provider of continuous positive airway pressure (CPAP) and other respiratory therapy services. MedBridge Healthcare is a provider of sleep diagnostic services and respiratory therapy services in the United States.
Vicente Capital Partners announced today that its portfolio company MedBridge Healthcare has acquired Precision Diagnostic Systems (PDS), a provider of sleep disorder diagnosis and testing services, and SleepEasy Therapeutics (SET), a provider of continuous positive airway pressure (CPAP) and other respiratory therapy services. The acquisitions extend MedBridge Healthcare’s geographic footprint to service patients in Minnesota, North Dakota, South Dakota, Illinois, Iowa, Michigan, and Wisconsin, making the company the second largest provider of sleep diagnostic services and respiratory therapy services in the United States.
“We are very excited about MedBridge’s acquisition of PDS and SET. The combined businesses complement each other very well and the acquisition solidifies MedBridge’s position as one of the largest healthcare platforms in the sleep disorder and CPAP therapy market,” said Klaus Koch, Managing Partner of Vicente Capital Partners and Chairman of the Board of MedBridge Healthcare. “Matt Mellott and the team at MedBridge have been laser focused on the buy and build strategy that they laid out when we partnered with them to acquire MedBridge, and we are pleased to be able to support them.”
“This was truly a unique opportunity to acquire two of the premier businesses in the sleep diagnostic and CPAP therapy management market in the Midwest,” said Matt Mellott, President of MedBridge Healthcare. “We are very excited about the potential to leverage the platform that we have built at MedBridge and the talent and resources at PDS and SET to continue to meet the needs of the 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 program. 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, O2 Science (acquired by Pacific Pulmonary Services), and NewBridge College, 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
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