One Equity Partners (OEP), a middle market private equity firm, has acquired American Medical Technologies (AMT), a provider of advanced wound care, ostomy, urology and tracheostomy supplies and services. Financial terms of the private transaction have not been disclosed.
Founded in 1994, Irvine, California-based AMT provides both critical care supplies and clinical support services to skilled nursing facilities and other post-acute care settings across the United States. The Company assists healthcare providers with managing the treatment of more than 250,000 wounds annually.
“AMT has an excellent reputation as a market-leader in advanced wound care and clinical care services that help accelerate wound healing, mitigate infection complications, reduce hospital re-admittance, and increase patient satisfaction while reducing costs for facilities,” says Greg Belinfanti, Senior Managing Director, OEP. “We look forward to supporting AMT’s leadership in pursuing a significant number of expansion opportunities to bring AMT into the next phase of its growth.”
Serving more than 6,250 facilities across the US, AMT’s service model enables its customers to outsource billing, clinical programming, supply chain management and scheduling of wound care cases, and provides clinical staff with access to AMT’s comprehensive wound care expertise.
“We are thrilled to partner with OEP to expand our value-added services to Skilled Nursing Facilities,” says Sam Muppalla, Chief Executive Officer, AMT. “Increased patient acuity and wound complexity are highlighting the need for outcome-focused wound management services. OEP shares our vision for providing patients with comprehensive care that improves quality of life and drives better outcomes.”
“This transaction reflects OEP’s ability to source proprietary investment opportunities where we can leverage our experience in the post-acute healthcare sector,” says Brad Coppens, Managing Director, OEP. “We look forward to expanding AMT’s role in the healthcare delivery ecosystem to multiple additional care settings—both organically and through acquisitions—as recent changes in post-acute reimbursement favor service providers like AMT that serve the needs of chronically-ill, medically-complex patients.”
OEP has a long track record of partnering with management teams and founders of healthcare businesses to identify strategic growth opportunities and improve operational efficiencies. AMT will be the third investment from OEP’s Fund VII in the post-acute spectrum of care, following recent investments in Ernest Health, a market leader in inpatient rehabilitation facilities, and AdaptHealth Corp (AHCO), a leading provider of home medical equipment, supplies and related services.
