Young Innovations, a portfolio company of The Jordan Company, has acquired Medical Purchasing Solutions, a supplier of pharmaceuticals and surgical supplies.
Scottsdale, Arizona-based Medical Purchasing Solutions (MPS) is a distributor for the medical and surgical supply industry, providing a variety of anesthetic, anti-inflammatory, antianxiety and other medicines alongside catheters, needles, and syringes. Founded in 2005, the company is led by co-CEOs John Discerni and Denis McNicholl.
“I am exceptionally proud of the company we’ve built since 2005 with our valued employees and business partners,” said Mr. Discerni. “We had set out to create a business and service-first culture that will continue to thrive well into the future and thanks to our team, we are well-positioned for continued success. We are excited to be partnered with Young Innovations in this exciting new chapter of growth for MPS.”
Young Innovations develops and manufactures preventive, restorative, orthodontic and endodontic supplies and equipment used by dentists, oral surgeons, periodontists, hygienists, dental assistants and consumers. The company’s products include disposable and metal prophy angles (used tool for tooth polishing), prophy cups and brushes, dental micro-applicators, moisture and infection control products, orthodontic toothbrushes, flavored examination gloves, and children’s toothbrushes and toothpaste. The company also offers a line of diagnostic products that includes panoramic X-ray machines and related supplies. Young Innovations is headquartered northwest of Chicago in Algonquin, Illinois.
“Medical Purchasing Solutions takes great pride in delivering an exceptional customer experience to oral surgeons, periodontists and other healthcare providers managing pain, with a robust product line specifically designed to address this specialty segment,” said Dave Sproat, CEO of Young Innovations. “We are excited to support the ongoing growth of MPS’s business, employees, customers, vendors and brand as a part of our broader global portfolio.”
In October 2017, The Jordan Company acquired a majority equity interest in Young Innovations from Linden Capital Partners, which remains an investor in the company.
Jordan has closed several add-on acquisitions for Young Innovations including Preat (November 2020) PuraGraft (November 2019), Germiphene Corporation (June 2019), Crystal Tips (April 2019), Johnson-Promident (July 2018) and Mydent International (January 2018).
The Jordan Company is a middle-market private equity firm that invests in a range of industries including industrials, transportation and logistics, healthcare, consumer, telecom, technology, and utilities. The firm was founded in 1982 and is headquartered in New York City with an additional office in Chicago.
© 2022 Private Equity Professional | March 4, 2022
