Healthcare related merger and acquisition activity continues to be strong resulting in record valuations for our sell side clients. The aging baby boomer population and an increased focus on health have aided the growth of many middle market healthcare companies that continue to pursue strategic alternatives in the industry. Healthcare services and techniques are rapidly changing to meet the ever-increasing demand for human healthcare. Innovation produces substantial opportunities, while cost controls and management of service delivery are critical areas for success in this industry. MRCworldwide advisors are aware of the rapidly changing dynamics of this vital industry.
CompuMedical, LLC
CompuMedical, LLC was founded in 1998 and became a Florida, LLC in 2001. The Company was founded to provide an information rich, high quality interactive experience to anyone seeking knowledge about cosmetic surgery. The Company generates revenues from plastic surgeons who pay a listing fee to be featured on one or all of following websites: www.implantinfo.com, www.faceforum.com, and www.liposite.com. The sponsors are exclusively members of the American Board of Medical Specialties. The websites distinguish themselves from others by the volume of information available to a visitor and the comfortable, community feel that each site invokes. The community aspect is evidenced by the number of repeat visits to the site by a patient before and after they have their procedure. The websites focus on breast augmentation, cosmetic facial procedures and liposuction. CompuMedical's websites receive tens of millions of hits. On an average day, the sites collectively get between 1.4 and 2.1 million hits, making the sites some of the most popular plastic surgery destinations on the internet. The web sites continue to grow and host more traffic as cosmetic plastic surgery procedures continue to grow in popularity. MRCWorldwide initiated the transaction, acted as financial advisors, structured, and negotiated the transaction on behalf of the shareholders of CompuMedical.
Hi-Tech Rubber
Founded in 1982 to capitalize on opportunities within the nascent market for Liquid Injection Molding (LIM) with concentration in the medical market, Hi-Tech Rubber (HTR) has developed into one of the premier molders of precision elastomeric components in the United States. With over 320 employees and more than 70 presses, the Company has pioneered the utilization of liquid silicone rubber by developing proprietary materials and custom solutions for clients’ fabrication requirements. MRCWorldwide initiated the transaction, acted as financial advisors, structured, and negotiated the transaction on behalf of the shareholders of Hi-Tech Rubber.
A. C. Hoffman Engineering, Inc.
Founded in 1964, A. C. Hoffman, Inc. manufactures precision elastomeric components and molded rubber components for the medical and commercial industries. Specific products include check valves, (duckbill, disc, and umbrella valves), diaphragms, seals, and closures. Medical applications for ACHI’s product are as follows: IV sets, pharmaceutical solutions, respiratory therapy, surgery, cardiopulmonary instruments, diagnostics, and catheters. Headquartered in Riverside, California and operating from four facilities, ACHI maintains a diverse customer base throughout the U.S. ACHI has 85 full-time employees. MRCWorldwide initiated the transaction, acted as financial advisors, structured, and negotiated the transaction on behalf of Century Park Capital and Red Diamond Capital.
L. A. Eyeworks
MRCWorldwide negotiated the buyout of minority shareholders of the U.S. and European companies. MRCWorldwide acted as financial advisor, structured and negotiated the transaction on behalf of the minority shareholders.