Intrepid, a leading middle market investment banking firm, today announced the sale of the Medical Supply division of A-Med Health Care (A-Med) to Byram Healthcare Centers, Inc. (Byram), a wholly-owned subsidiary of Mediq NV (Mediq). Intrepid acted as the exclusive financial advisor to A-Med in connection with the Medical Supply division sale.
Founded in 1982 and headquartered in Huntington Beach, California, A-Med is one of the leading distributors of incontinence and urology supplies in the California market serving Medicare, Medicaid / Medi-Cal and managed care patients. Intrepid previously represented A-Med in the sale of its Specialty Pharmacy division in June 2012.
Mediq is an international company delivering medical devices, pharmaceuticals and related care services. Mediq delivers via three channels: direct to people’s homes (Direct), to professional customers such as hospitals, nursing homes and GPs (Institutional) and via Mediq Pharmacies. Mediq operates in 15 countries. Its head office is located in Utrecht, the Netherlands. Mediq operates in the U.S. through its Byram Healthcare subsidiary. The acquisition of A-Med will establish Byram into a leading provider of medical supplies in the California home care market.
Gary Rabishaw, Managing Director of Intrepid, commented, “We are pleased to complete a second transaction with A-Med this year following the sale of A-Med’s specialty pharmacy division to Modern Healthcare in June. The sale of the Medical Supply division is the successful culmination of a strategy designed to maximize liquidity for A-Med’s shareholders while ensuring that A-Med’s businesses continue to flourish under new ownership.” Ed Bagdasarian, Managing Director and CEO of Intrepid, added, “The sale to Byram resulted from a selective process to identify the best partner to continue the legacy of service that A-Med built over three decades in California. We found this partner in Mediq, which shares A-Med’s patient-centric culture and commitment to growth.”
“We are looking forward to becoming part of the Byram family of companies under the ownership of Mediq. There are many cultural similarities between the companies and we are very excited about what this combination will bring to our employees and patient population that we serve,” said Larry Thacker, President and CEO of A-Med. “We are grateful to the Intrepid team for the insight, advice and hands-on management that they brought to our process. Their ability to guide us through two complex strategic sales delivered the results that we were looking for.”
Deal Team Contacts:
- Ed Bagdasarian, Managing Director
- Gary Rabishaw, Managing Director
- Jeremiah Mann, Managing Director
- Shahriar Attaie, Vice President
About Intrepid Investment Bankers
Intrepid Investment Bankers provides M&A, capital raising and strategic advisory services to entrepreneurs and middle-market companies in various industry sectors. Our heritage, rooted in our founders’ successful 35-year history, breeds a culture that embraces teamwork, tenacity and creativity to win big for our clients. We believe that every company has an entrepreneurial passion that drives it and a story that defines it. Our team delivers results through skillful positioning of the client’s story and relentless execution. Based in Los Angeles, Intrepid augments its international capabilities through active membership in M&A International, an exclusive global alliance of M&A advisory firms.