CLIENT:
Granite Bridge Partners’ (“Granite Bridge”) portfolio company The InterMed Group (“InterMed” or the “Company”) is a premier provider of integrated health technology management services, offering a broad range of services to healthcare providers including inspection, preventative maintenance, corrective repair, logistics planning, and consulting. As an OEM-agnostic provider of medical equipment management solutions covering all modalities including Nuclear Medicine, Ultrasound, X-Ray, CT, MRI ,DR, CR and various lab equipment, InterMed allows its clients to use a single provider for multi-modality needs instead of multiple contracts with OEMs or redundant staffing. The Company strives to enhance overall program quality, cost, and timeliness, by tailoring its services to the needs of their clients, with the speed and creativity of a smaller player, but with the professional coverage of a much larger provider.

SITUATION:
Long-term industry stalwart, The InterMed Group, joined forces with financial partner, Granite Bridge Partners (formerly Wafra Partners). Under the leadership of Rick Staab, InterMed established its reputation as a premium service provider and experienced strong organic growth. Following its partnership with Granite Bridge Partners, Rick and his management team were looking to further enhance their growth through a targeted M&A strategy to deepen their service and product offerings, acquire new customers, and expand geographically into new U.S. markets.

ENGAGEMENT:
G2 Capital Advisors, LLC (“G2”) served as the exclusive buy-side advisor to InterMed, leading a tailored buy-side effort focused on engaging with companies that have strong reputations for medical management and maintenance solutions across all modalities.

OUTCOME:
G2’s search ultimately lead to the acquisition of Sigma Imaging which added a new location, additional capabilities, and a strong brand in the market. InterMed acquired Sigma Imaging Technologies, a medical imaging engineering firm specializing in the repair and maintenance of CT and MRI equipment for healthcare facilities in the Northeast US. Together these organizations will leverage their newly combined talent, service offerings and geographic footprint to deliver a more integrated solution of equipment management services to healthcare systems across the US.

About G2 Capital Advisors (www.g2cap.com)
G2 Capital Advisors provides M&A, capital markets and restructuring advisory services to the middle market. We offer integrated, multi-product and sector-focused services by pairing highly experienced C-level executives with specialist investment bankers. We aspire to be the trusted advisor of choice to our clients including corporations and institutional investors.

About The InterMed Group (www.intermed1.com)
As a premier provider of integrated health technology management services, InterMed offers an array of Health Technology Management options to its clients. From comprehensive equipment planning and administration to strategic coverage of key divisions or modalities in support of in-house, OEM, or hybrid solutions, InterMed strives to enhance overall program quality, cost, timeliness and client confidence, by tailoring its services to the needs of their clients. InterMed’s unique Jump Team™ solutions provide skilled engineers for a wide variety of project needs. Jump Team™ services include credentialed temporary staffing, special projects, routine and project-driven PMs, compliance preparation, physical inventories, and cybersecurity assessments. InterMed also sells and services pre-owned, reconditioned, and new imaging equipment from select OEMs.

About Sigma Imaging Technologies (www.sigmaimaging.com)
Sigma knows the importance of image quality to healthcare and business, and therefore, emphasizes repairing rather than replacing expensive parts. It’s a winning combination supported by loyal customers and proven by countless CT, MRI, and PET/CT systems running smoothly – often beyond typical lifespans. In the past decade, Sigma has formed partnerships with some of the nation’s largest imaging networks. Sigma made a strategic decision to form symbiotic relationships that serve all interested parties, including multi-vendor partnerships with Siemens Medical Solutions and GE Healthcare. Today, Sigma serves a diverse customer base, ranging from small clinics to large imaging networks and hospitals, including veterinary health providers across the United States.

CONTACTS ON THIS DEAL:
Peter Reed, Vice President of Buy-side: T: 617.918.7972 E: [email protected]

Andrew Keleher: Vice President: T: 617.918.7982 E: [email protected]