HEARTLAND INFORMATION SERVICES, INC.
Toledo, Ohio
Spryance, Inc. has acquired Heartland Information Services,
Inc., which provides medical transcription services to hospitals and physician
groups through work centers in Bangalore and Delhi, India, from HCR Manor Care,
one of the nation’s leading providers of post acute medical care. Spryance
shareholders include Beecken Petty O’Keefe & Company and the International
Finance Corporation, a member of the World Bank Group.
The combination creates the fourth largest medical transcription service
organization in the United States and the market leader in offshore
transcription, processing nearly 200 million lines annually. The companies
complement each other with Heartland providing industry-leading quality and
customer support and with Spryance providing capacity and scalability through
its home-based MT force in India. Spryance also has quality assurance work
centers in Chennai and Pune, India.
The company will be renamed Heartland Information Services, Inc., in recognition
of Heartland’s market leading brand, and will be headquartered in Toledo, Ohio.
THE HYGENIC CORPORATION
Akron, Ohio
Beecken Petty O’Keefe & Company is pleased to announce the sale
of The Hygenic Corporation to CORTEC Group. The Hygenic Corporation is a leading
manufacturer and distributor of rubber, latex and synthetic products for the
physical rehabilitation, dental and specialty healthcare sectors. The Company is
best known for its Thera-Band® line of color-coded resistive exercise bands,
tubing and balls, and BIOFREEZE®, a leading topical analgesic sold into the
physical therapy, chiropractic, and massage markets.
(April 2007)
JAZZ PHARMACEUTICALS
Palo Alto, California
Jazz Pharmaceuticals develops and commercializes pharmaceutical products in targeted therapeutic areas to address unmet medical needs, principally in neurology and psychiatry. The Company's strategy is to create innovative pharmaceutical products by improving and expanding the uses of known compounds.
THE MED GROUP
Lubbock, Texas
The MED Group is a group purchasing and business services organization of 235
medical equipment providers in the home medical equipment industry. The company
serves its members' businesses by lowering their acquisition costs of products
through its group purchasing efforts and providing valuable business services to
improve their business operations.
ORIGIN HEALTHCARE SOLUTIONS
Windsor, Connecticut
Origin provides billing and claims management services and practice management software and services to physician practices.
PREFERRED HOMECARE
Mesa, Arizona
Preferred Homecare, headquartered in Mesa, Arizona, is a leading provider of comprehensive home healthcare products and services in the Southwest. Preferred offers a full range of home healthcare products and services including home respiratory therapy, home infusion therapy, and home medical/custom rehabilitation equipment through a network of 30 branch locations in Arizona, California, Colorado, New Mexico, Nevada and Texas. In addition, the company operates eight independent sleep diagnostic testing facilities in Arizona and New Mexico.
REICHERT, INC.
Depew, New York
Reichert is a leading manufacturer of high-quality screening and diagnostic
devices for ophthalmologists, optometrists and retail eyecare centers. The
Company provides a broad portfolio of equipment for use by eyecare professionals
in diagnosing conditions ranging from common vision problems to significant
diseases such as glaucoma.
SCRIP PRODUCTS CORPORATION
Bolingbrook, Illinois
Scrip Products Corporation is the parent company of two companies acquired
simultaneously to create a premier healthcare distribution platform in the
estimated $1 billion chiropractic, massage therapy, and spa markets. Scrip,
Inc., which is one of the two companies, is the market leading full service
distributor of supplies and equipment to the chiropractic market. Massage
Warehouse, Inc., which is the second of the two companies acquired, is a leading
distributor of supplies and equipment to the massage therapy and spa markets.
The Company subsequently acquired Hessco, Inc., the third largest competitor in
the chiropractic market, and Lotus Touch / New Life Systems, a manufacturer and
catalog distributor of premier massage and spa products.
SIRONA DENTAL SYSTEMS
(NASDAQ: SIRO)
Bensheim, Germany
Sirona Dental Systems is the second largest manufacturer of dental
equipment and systems solutions worldwide and the dominant worldwide
manufacturer of CAD/CAM systems for restorative dentistry.
TAKE CARE HEALTH SYSTEMS
Conshohocken, Pennsylvania
Beecken Petty O’Keefe & Company is pleased to announce the sale of Take Care
Health Systems, Inc. (“Take Care”) to Walgreen Company (NYSE:WAG). Take Care
operates nurse practitioner-staffed primary care clinics located in high-traffic
retail pharmacy stores. The Company’s clinics provide cost-effective, convenient
access to quality healthcare for families and special populations, including the
under-insured, and Medicare and Medicaid recipients.
(May 2007)
TIDI PRODUCTS
Neenah, Wisconsin
Founded in 1949, TIDI Products is the leading manufacturer of disposable
paper-based infection control products to the primary care and dental markets.
The Company has a full-service product offering including medical exam table
paper, drape sheets and gowns and dental tray covers, headrest covers and bibs.
TIDI distributes its products through a world-class distribution network.
VALITÁS HEALTH SERVICES, INC.
St. Louis, Missouri
Through Correctional Medical Services, Inc., ("CMS"), Valitás Health Services provides contract healthcare and clinical staffing services to state and local governments at correctional facilities. CMS provides comprehensive medical services to over 200,000 prison and jail inmates throughout the country. In December 2007, Valitás was sold for cash.