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

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.

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.

Nautic Partners Makes Growth Investment in SPS Health

February 4, 2022

Healthcare Services

Nautic Partners has made a strategic growth investment in SPS Health to support the company's continued investment in technology, clinical and operational solutions for post-acute pharmacies and PBMs. The capital from Nautic (from its tenth fund) will help SPS expand its technology-enabled offerings and broaden its reach across long-term care, behavioral health, correctional and other specialty pharmacy markets.

Specialized Packaging Group Acquires Specialized Packaging Solutions

July 14, 2021

Packaging

Specialized Packaging Group (SPG), a portfolio company of Altamont Capital Partners, has acquired Bay Area-based Specialized Packaging Solutions (SPS). The deal expands SPG’s Engineered Packaging capabilities, adds roughly 100 employees (who will continue to operate in Newark, California), and coincides with SPS founder and CEO Terry Besso’s retirement.

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

July 3, 2019

Healthcare Services

Sterile Processing Services of America (SPSA), a portfolio company of Pacific Avenue Capital Partners, acquired the assets of Novo Health Systems' Salt Lake City, Utah facility. The acquisition expands SPSA's off-site instrument and linen sterilization footprint on the West Coast and continues Pacific Avenue's strategy of building platform companies through corporate divestitures.