Tracked deals
5
5 tracked deals across 2020-2024.
Dublin, Ohio, United States
Sarnova and its family of companies—including Bound Tree Medical, Cardio Partners, Digitech and Tri-anim Health Services—serve the EMS and acute care markets by offering healthcare and health-and-safety products and services to emergency care providers, hospitals, advanced patient-care facilities, schools, universities, businesses, and federal government agencies.
Tracked deals
5
5 tracked deals across 2020-2024.
Recent pace
0
0 tracked deals announced in the last 12 months.
Deal mix
Addon
2 addon · 2 buyout · 1 divestiture
Last 3 years
Supporting Data
Pamlico Capital sold its remaining equity stake in Digitech to joint-venture partner Sarnova. Digitech, headquartered in Chappaqua, New York, provides revenue cycle management (RCM) solutions for EMS professionals and will be consolidated under Sarnova as Pamlico completes its exit following its 2019 investment and the 2020 recapitalization with R1.
Cardio Partners, a division of Sarnova and part of Patricia Industries, has acquired One Beat Medical & Training, a Miramar, Florida-based distributor of automated external defibrillators (AEDs), accessories and CPR training services. The transaction, completed May 14, 2024, expands Cardio Partners' emergency preparedness product portfolio and training capabilities while increasing the combined organization's geographic reach across the United States.
Bound Tree Medical, LLC has signed a definitive agreement to acquire QuadMed, Inc.; Bound Tree will assume full operation of QuadMed following a 60–90 day integration period. The acquisition brings QuadMed’s pre-hospital care distribution business into the Bound Tree / Sarnova family, expanding the combined company’s distribution network, product and pharmaceutical offerings, and service capabilities for EMS, fire, law enforcement and other first responders.
Sarnova, through its Cardio Partners business and with USD 210m equity funding from Patricia Industries, has acquired Allied 100 and will combine it with Cardio Partners to form a new Sudden Cardiac Arrest solutions unit. The add-on transaction (total consideration ~USD 290m) expands Sarnova's AED product, training and program-management capabilities for professional and civilian first responder markets.
Sarnova will acquire and combine Digitech and the EMS business of R1 RCM Inc. (formerly ADPI/Intermedix) in partnership with Pamlico Capital and Digitech founder & CEO Mark Schiowitz to create a leading EMS-focused revenue cycle management (RCM) provider. Digitech will continue to operate under its name and be led by Mark Schiowitz, while Pamlico will retain a significant interest and R1 will divest its EMS business.
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