Sterile Processing Services of America Acquires Assets of Novo Health Systems' Salt Lake City Facility

Pacific Avenue Capital Partners Acquires Long Beach Facility and Assets from Novo Health Services to Form SPSA

February 18, 2019

Healthcare Services

Los Angeles-based private equity firm Pacific Avenue Capital Partners acquired the Long Beach facility and related assets of Novo Health Services in a proprietary purchase and carveout. The assets will form Sterile Processing Services of America (SPSA), with Jennifer Greisen named President; the move creates a standalone sterile-processing platform focused on surgical pack processing and instrument sterilization.

Instrumentum Acquires Sterile Processing Express (SPDx) and Sterile Processing Services of America (SPSA)

June 11, 2025

Healthcare Services

Instrumentum, a Boca Raton-based provider of surgical instrument sterilization services, has acquired Sterile Processing Express (SPDx) and Sterile Processing Services of America (SPSA), expanding its footprint to five facilities across four states. The transaction includes the sale of SPDx (a cultivate(MD) portfolio company) and is intended to accelerate Instrumentum's nationwide Sterilization-as-a-Service expansion to meet rising elective surgery demand.

AA Medical Acquires Surgical Product Solutions

July 12, 2024

Medical Devices

AA Medical, a supplier of refurbished medical equipment, has acquired Surgical Product Solutions (SPS), a provider of in‑date surgical consumables and supplies, for an undisclosed amount. The acquisition expands AA Medical's product portfolio to include SPS's surgical consumables, strengthening its position as a comprehensive third‑party provider to hospitals, health systems and other care sites and improving accessibility and affordability of premium medical products.

Sixth Street-led Consortium Acquires Select Portfolio Servicing

April 30, 2025

Financial Services

Select Portfolio Servicing (SPS), a Salt Lake City-based mortgage servicer with over $200 billion in UPB and ~900,000 loans serviced, has been acquired by a consortium led by Sixth Street and including Davidson Kempner Capital Management. The new owners said they will invest in SPS to build and differentiate the company’s servicing capabilities and support future growth.

Alcami Corporation Acquires Pacific Pharmaceutical Services

January 17, 2024

Healthcare Services

Alcami Corporation has completed the acquisition of Pacific Pharmaceutical Services, Inc. (PPS), a Reno-based cGMP pharmaceutical storage and clinical-support provider. The deal expands Alcami’s pharma storage and services footprint to the U.S. West Coast, enabling bicoastal coverage and enhanced support for pre-clinical and early clinical trial material management.

PACS Group Acquires Operations of Three Post-Acute Facilities and Real Estate of Four Skilled Nursing Properties

January 1, 2026

Healthcare Services

PACS Group (NYSE: PACS) announced that subsidiaries have acquired the operations of three post-acute facilities (two in the Kenai Peninsula region of Alaska and one in the Boise, Idaho metro) totaling 230 beds, and that the company acquired the real estate for four skilled nursing facilities including Sierra Valley Rehab Center (Porterville, CA) and Apache Junction Health Center (near Phoenix, AZ). The transactions expand PACS' operating footprint and real estate ownership as part of a disciplined growth strategy in the post-acute care sector.