Sarnova, a distributor of health care products in the emergency medical services (EMS) and respiratory markets, has acquired CVC, a supplier of products to the acute care respiratory and emergency medical services markets. The transaction further expands Sarnova's portfolio of specialty medical products and its distribution network in the Southwestern US.
The acquisition is Sarnova’s third since it collaborated with Water Street Healthcare Partners, a private equity firm focused on health care, in 2008.
Greg Robitaille, executive vice president of corporate development at Sarnova, said: “Acquiring CVC provides us with access to several attractive, exclusive product lines that support our goal of offering our customers technologies that help them achieve improved patient outcomes. CVC’s experienced sales force and strong presence in its ten-state market also enhances our clinical expertise and deepens our customer relationships in the Southwest.”
Richard Manley, co-owner and president of CVC, said: “Sarnova’s clinical expertise and commitment to serving its customers is the reason it is the leading provider of products to the acute care respiratory and EMS markets. We are excited to bring together our experienced sales force and customer support team with Sarnova to bring more clinically differentiated products to customers in the Southwest and across the country.”
Kevin Swan, a member of Sarnova’s board of directors and a partner with Water Street Healthcare Partners, said: “Our goal is to continue to extend Sarnova’s leadership position, We are focused on identifying additional acquisition opportunities that will build on Sarnova’s strong foundation, and expand its portfolio of leading medical products and technologies.”