HealthEdge Completes Acquisition of Advantage Medical Cables
Tampa, FL – June 4, 2014 – HealthEdge Investment Fund II, L.P. (the “Fund”) announced today that it has acquired Advantage Medical Cables, Inc. (“AMC” or the “Company”).
Headquartered in Coral Springs, Florida and founded in 1991, AMC manufactures and distributes disposable and reusable cables, lead wires, SpO2 sensors, adaptors, blood pressure cuffs, hoses, proprietary connect-a-kits, and other accessories for the patient monitoring market. AMC manufactures its products at the Company’s headquarters in Coral Springs, Florida. The Company’s customers include a variety of medical device original equipment manufacturers (“OEMs”), hospitals, dealer/distributors, and group purchasing organizations (“GPOs”). The Company has an excellent blue chip customer list, and its products are currently sold in the U.S. market through a variety of sales representatives.
AMC founder Dave Kendricks said, “We have been developing a strong relationship with the HealthEdge team over a period of some time now and are pleased and excited to partner with them to continue to serve our customers and grow our business.”
HealthEdge Managing Partner Brian Anderson said, “We have admired AMC for a long time and are thrilled about partnering with them. AMC’s high quality product offering and strong reputation position the company well to service the patient monitoring market, a critical and rapidly growing healthcare sector.”
HealthEdge Investment Partners, LLC is an operating-oriented private equity firm founded in 2005 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 85 years of combined operating experience in healthcare as CEOs and investors. HealthEdge also owns LifeSync Corporation, a company focused on wireless patient monitoring and disposable ECG technologies. For more information on HealthEdge, visit www.healthedgepartners.com.
About Advantage Medical Cables
AMC headquartered in Coral Springs, Florida and founded in 1991, is a medical device company that manufactures and distributes products for the patient monitoring market. AMC has been serving the patient monitoring community for over a decade and markets the AMC brand exclusively worldwide. For more information on AMC, visit www.advantagemed.com.
For more information, please contact Brian Anderson at HealthEdge Investment Partners at (813) 490-7100.