Shore Capital Partners has completed the recapitalisation of Shippert Medical Technologies through its medical products platform, SCP Medical Products.
Based in Centennial, Colorado, Shippert Medical is a leading manufacturer of disposable medical and surgical products for ear, nose, and throat (ENT) and cosmetic/plastic surgery applications.
Shippert Medical was founded in 1978 by Sarah Shippert and Dr Ron Shippert, previously an Otolaryngologist as well as a Facial Plastic and Reconstructive surgeon. Since its founding, Shippert Medical has expanded through new product offerings in the ENT, Cosmetic, and Plastic Surgery markets under the family leadership of Dr Shippert, Sarah Shippert, and Allison Therwhanger. The Shippert family will retain a substantial ownership stake and Mrs Therwhanger will continue to serve in a leadership role as part of the SCP Medical Products platform.
“Our family believes Shore Capital will be an excellent partner to drive continued growth at the Company,” says Allison Therwhanger. “We are pleased to become a part of the platform and look forward to building a leading specialty medical and surgical products business in the years to come.”
“We are excited to add an exceptional company and management talent to our medical products platform,” says Don Pierce, Partner at Shore Capital and Chairman of SCP Medical Products. “The Shippert family has built a highly-regarded business that complements Summit Medical very well. This investment epitomises Shore’s strategy of partnering with strong owner-founder companies in one of our targeted sectors. We are eager to work with both companies to continue to build a leading and diversified specialty medical and surgical products platform.”
