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VSCP affiliate acquires Imedex

An affiliate of Vessey Street Capital Partners (VSCP) has acquired Imedex, a provider of accredited, independent Continuing Medical Education (CME) to industry professionals via in-person conferences and online education forums.

Located in Alpharetta, Georgia, Imedex was previously a subsidiary of AmerisourceBergen, a global pharmaceutical sourcing and distribution service company.
 
“Imedex plays a critical role educating physicians in key specialty areas within the healthcare spectrum, including oncology, hematology, and gastroenterology. The Company’s leading industry presence and world class content will provide significant growth over the long-term. We view this as an excellent platform acquisition and hope to deploy additional capital through industry consolidation opportunities,” says Adam Feinstein (pictured), Founder and General Partner of Vesey Street Capital Partners.
 
Andrew “Andy” Schutt, the former General Manager and Vice President of Imedex, has been named as the Company’s Chief Executive Officer. He says: “We welcome VSCP as a partner and look forward to expanding our market presence through strategic investments. VSCP’s vast experience operating in the physician, payor and hospital markets will provide valuable insight as we move forward as an independent provider.”
 
Steve Geringer has been named Chairman of Imedex Holdco. Geringer is Chairman of AmSurg Corporation (NASDAQ: AMSG), a nationwide provider of ambulatory surgery centers and outsourced physician services; a Director of Addus HomeCare Corp. (NASDAQ: ADUS), a provider of home and community-based services; and a Director of a variety of other companies in the health care industry, successfully building shareholder value throughout his career.
 
“Imedex is a strategic platform with a significant opportunity to grow its accredited physician-oriented CME programs which serve the global pharmaceutical market. We are confident that under Andy’s leadership, the Imedex team will further enhance its leadership position and realise its growth potential,” says Geringer.
 

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