High Road Capital Partners’ portfolio company Advanced Sleep Medicine Services, Inc has completed the acquisition of Pacific Sleep Medicine Services, a provider of sleep disorder diagnostic services with laboratory facilities throughout Southern California. The acquisition closed on 17 February, 2012.
Pacific Sleep will become part of Advanced Sleep’s existing network of California-based sleep disorder diagnostic facilities.Advanced Sleep was acquired by High Road in May 2010.
“The addition of Pacific Sleep’s facilities is part of our overall strategy to expand Advanced Sleep’s presence throughout California both organically and through acquisitions,” says Bill Connell (pictured), the High Road Partner who led the transaction.
“We are working to build upon our recent facility openings by acquiring well-run existing laboratories, like those of Pacific Sleep,” says Frank Zarka, President and CEO of Advanced Sleep Medicine Services. “This acquisition helps us further penetrate the Greater Los Angeles area and expand our presence southward, into the San Diego area, and westward, into the Palm Desert region.”
This is Advanced Sleep’s second add-on acquisition under High Road’s ownership. It previously acquired Sleep Diagnostics of the Coachella Valley, a provider of sleep diagnostic services with laboratory facilities in Indio and Hemet, California.
Bill Connell, Partner, and Dan Gaspar, Vice President, led the transaction for High Road. High Road Associate Paul Langley also worked on the transaction. Transaction consideration was not disclosed.
High Road has completed 16 transactions – eight platform investments and eight add-on acquisitions – for its debut fund, High Road Capital Partners Fund I, LP.
