Health Enterprise Partners (HEP), backed by private investment firm Cressey & Company, has acquired The InterMed Group, a healthcare technology management services company. Financial terms of the deal were not disclosed.
This is the latest technology M&A deal ChannelE2E has covered so far in 2023. Browse over 2,000 technology M&A deals involving MSPs, MSSPs and IT service providers listed here.
Founded in 2006, Health Enterprise Partners is based in New York City. The company has his 21 employees listed on LinkedIn. HEP’s areas of expertise include private equity, healthcare services and healthcare technology.
Founded in 1996, InterMed Group is based in Alachua, Florida. The company has his 143 employees listed on LinkedIn. InterMed Group’s areas of expertise include medical device sales, service and asset management, regulatory compliance, and medical imaging technology. InterMed was previously owned by Granite Bridge Partners.
With a focus on biomedical and imaging devices, InterMed provides a comprehensive suite of end-to-end medical technology and device management services to hospitals and healthcare systems nationwide. The company said the partnership with Cressey and HEP will expand InterMed’s offerings and capabilities to help hospitals and healthcare systems manage their medical device inventories.
HEP Acquires InterMed: Enhanced Benefits
InterMed CHTM and CEO Rick Staab commented:
“The Cressey and HEP teams will help us further our mission as a trusted provider to our clients and further increase the number of healthcare providers offering cutting-edge, cost-effective medical technology products and equipment maintenance solutions. Cressey and HEP are ideal partners for our next phase of growth and have a strong track record of investing in many of the nation’s leading healthcare services and technology companies. We look forward to the next in terms of the enhanced benefits it can provide.”
Cressey partner Dave Rogerro added:
“We are pleased to partner with Rick and the entire InterMed team, who play a key role in helping healthcare professionals improve the productivity of their medical device portfolio and deliver quality care to their patients. We believe there is a tremendous opportunity to provide comprehensive and complementary solutions that address the most pressing medical technology management needs of our customers.”
HEP partner Ezra Mehlman said:
“Cressy and HEP will partner to leverage our expertise, experience and unique relationships with healthcare systems across the country to enable InterMed to expand its healthcare solutions offering. We are well positioned and energized to support InterMed in this next stage of growth.”
Healthcare MSP M&A
Healthcare professionals such as clinics, imaging centers, dental offices, clinics, and other medical facilities are just like any other company looking for outsourced IT help. However, handling compliance issues such as HIPAA and electronic health records (EHR) can be challenging for channel partners.
Still, healthcare IT is just one of many players in the space, and M&A activity within the industry is not slowing down. Below is a list of all healthcare MSPs involved in mergers and acquisitions.