Sarnova, a US-based distributor of healthcare products in the emergency medical services and respiratory markets, has acquired Blue Ridge Medical, a supplier of pharmaceuticals to the E
Sarnova, a US-based distributor of healthcare products in the emergency medical services and respiratory markets, has acquired Blue Ridge Medical, a supplier of pharmaceuticals to the EMS community.
The company plans to merge Blue Ridge with its Bound Tree Medical business to further strengthen its position in the growing EMS market.
Bound Tree, a provider of equipment and supplies to the pre-hospital market, will expand its pharmaceutical products, capabilities and distribution network with the addition of Blue Ridge.
The privately negotiated acquisition is Sarnova’s first since partnering with Water Street Healthcare Partners last year to create the company through the merger of Bound Tree and Tri-anim Health Services.
‘Acquiring Blue Ridge advances our goal of building on Sarnova’s strong foundation of premier distribution businesses to extend our leadership position into new and complementary health care markets,’ says Craig Davenport, chief executive officer of Sarnova. ‘With pharmaceutical products increasingly being utilized to treat patients in the field, we have quickly augmented our expertise and capabilities to meet growing demand for these specialized products. We are actively pursuing additional acquisitions that will enhance our leading brands and distribution network to deliver even greater value in the future.’
Sarnova has also announced that it has appointed Hank Struik to its board of directors. Most recently serving as the president of Cardinal Health’s USD850m respiratory and neurocare division, Struik has more than 20 years of experience operating medical products businesses.
‘Hank has an impressive track record of leading and building a number of high- performing medical products businesses. His experience and network of industry contacts will be extremely helpful in accomplishing our goal of expanding Sarnova’s capabilities to position it for long-term, sustainable growth,’ says Kevin Swan, a Sarnova board member and partner with Water Street Healthcare Partners.
