Shore Capital Partners has acquired AA Medical (AAM), a provider of new and reconditioned medical devices and equipment.
AAM’s used and post-lease medical equipment includes anesthesia, endoscopy, urology, and gynecology devices. The company sources and resells its medical equipment through a network of more than 350 sales representatives, 2,800 healthcare facilities, and more than 20 banks and financial institutions.
Source: AA Medical
AAM was founded in 2010 and is led by CEO Matt Nelson and President Ron Plantz. The company is headquartered near Chicago in Mokena, Illinois, with a second location in Miami, Florida.
“We are excited to announce our partnership with Shore Capital and utilize their expertise working with businesses of our size, wide network, and extensive resources to expedite our next phase of growth,” said Mr. Plantz. “In conjunction with Shore, Matt and I look forward to continuing to provide excellent service and products to our customers.”
“Shore is proud to partner with Ron, Matt, and the entire AA Medical family,” said Don Pierce, a partner at Shore. “AA Medical has maintained its dedication to excellence in supplying high-quality medical equipment to customers across the world. We are well-positioned to build on AA Medical’s reputation as an industry leader through both acquisitions and organic growth.”
“I have high confidence that, with Shore, we can continue to revolutionize the third-party medical equipment market,” added Mr. Nelson. “We are excited to work together to further our vision of increasing worldwide access to affordable, high-quality healthcare.”
Shore invests in lower middle-market healthcare, food and beverage, business services, and real estate-related companies that have $5 million to $100 million of revenue.
In April 2019, Shore closed its third healthcare-focused fund, Shore Capital Healthcare Partners Fund III LP, with $293 million of capital, and its inaugural food and beverage fund, Shore Capital Food & Beverage Partners Fund I LP, with $148 million of capital. Chicago-based Shore currently has $2.4 billion of assets under management.
Shore Capital Partners has acquired AA Medical (AAM), a provider of new and reconditioned medical devices and equipment.
