Harris Williams, a global investment bank specializing in M&A advisory services, advised The InterMed Group, a portfolio company of Granite Bridge Partners, on its sale to Cressey & Company LP and Health Enterprise Partners (HEP). InterMed is a healthcare technology management services partner that provides an array of asset management options to its clients. The transaction was led by Andy Dixon, Tyler Bradshaw, Brian Jones and Sydney Pruitt of the Harris Williams Healthcare & Life Sciences (HCLS) Group.
“The medical equipment repair and maintenance services sector continues to command a high level of interest from investors, who are attracted to the large addressable market, the strong value proposition offered by independent service organizations and the recurring nature of the offerings. Within the sector, management and Granite Bridge have done an exceptional job of differentiating InterMed through its quality and both the comprehensive and flexible nature of its service offering, positioning it to continue its strong growth trajectory,” Andy Dixon, managing director at Harris Williams, said.
“We believe InterMed is well-positioned to capitalize on the growth in outsourcing from hospitals and health systems which are increasingly turning to third parties to provide comprehensive asset management solutions that drive efficiencies and productivity,” said Tyler Bradshaw, director at Harris Williams, said. “InterMed is a differentiated platform that will continue to benefit significantly from the market tailwinds in the sector, and we look forward to seeing the company’s continued success and growth with Cressey and HEP.”