M&A Deal Summary

Shore Capital Partners Acquires IZI Medical

On May 3, 2016, private equity firm Shore Capital Partners acquired medical products company IZI Medical from Landauer

Acquisition Highlights
  • This is Shore Capital Partners’ 4th transaction in the Medical Products sector.
  • This is Shore Capital Partners’ 17th transaction in the United States.
  • This is Shore Capital Partners’ 1st transaction in Maryland.
Investment Fate
  • IZI Medical was sold to a publicly-traded strategic buyer in 2022 for 138M GBP.

M&A Deal Summary

Date 2016-05-03
Target IZI Medical
Sector Medical Products
Buyer(s) Shore Capital Partners
Sellers(s) Landauer
Deal Type Divestiture

Target

IZI Medical

Owings Mills, Maryland, United States
website
IZI Medical is a developer, manufacturer, and provider of medical consumable accessories used in radiology, radiation therapy, vertebroplasty, and image-guided surgery procedures. IZI has built a diverse portfolio of products backed by strong intellectual property and currently sells to more than 1,000 domestic customers as well as internationally across 25 countries. IZI Medical was formed in 1991 and is based in Owings Mills, Maryland.

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Buyer(S) 1

Buyer

Shore Capital Partners

Chicago, Illinois, United States

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 2009
PE ASSETS 350M USD
Size Middle-Market
Type Sector Focused
DESCRIPTION

Shore Capital Partners is a private equity group focused on opportunities in healthcare, food/beverages, and business services. Specific healthcare areas of interest include infusion therapy, laboratory services, laboratory products/distribution, outpatient rehab therapy, and behavioral health. Shore looks to invest in proven businesses with stable cash-flows and 'significant' growth potential. Prospective companies typically have $5 to $50 million in sales and $1 to $7 million of EBITDA. Shore Capital was formed in 2009 and is based in Chicago, Illinois.


DEAL STATS #
Overall 17 of 50
Sector (Medical Products) 4 of 6
Type (Divestiture) 1 of 1
State (Maryland) 1 of 1
Country (United States) 17 of 49
Year (2016) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-11-17 SpecialDocs

Highland Park, Illinois, United States

SpecialDocs is a provider of consulting services to physicians transitioning from traditional medical practices to personalized medicine models. SpecialDocs was founded in 2002 and is based in Highland Park, Illinois.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-08-25 Fast Pace Health

Waynesboro, Tennessee, United States

Fast Pace Health is an independent provider of urgent care and primary care services in Tennessee. The company provides convenient and affordable healthcare services to rural markets throughout Tennessee and Kentucky. It provides treatment for a wide range of illnesses, injuries, and common conditions, in addition to diagnostic and screening services. Fast Pace Health was founded in 2009 and is based in Waynesboro, Tennessee.

Sell -

Seller(S) 1

SELLER

Landauer

Glenwood, Illinois, United States

website


Category Company
Founded 1954
Sector Technology Hardware
Employees600
Revenue 143M USD (2016)
DESCRIPTION

Landauer, Inc. provider of technical and analytical services to determine occupational and environmental radiation exposure. The company has provided complete radiation dosimetry services to hospitals, medical and dental offices, universities, national laboratories, nuclear facilities and other industries in which radiation poses a potential threat to employees. Landauer's services include the manufacture of various types of radiation detection monitors, the distribution and collection of the monitors to and from customers, and the analysis and reporting of exposure findings.


DEAL STATS #
Overall 1 of 2
Sector (Medical Products) 1 of 1
Type (Divestiture) 1 of 2
State (Maryland) 1 of 1
Country (United States) 1 of 2
Year (2016) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-11-14 IZI Medical

Owings Mills, Maryland, United States

IZI Medical is a developer, manufacturer, and provider of medical consumable accessories used in radiology, radiation therapy, vertebroplasty, and image-guided surgery procedures. IZI has built a diverse portfolio of products backed by strong intellectual property and currently sells to more than 1,000 domestic customers as well as internationally across 25 countries. IZI Medical was formed in 1991 and is based in Owings Mills, Maryland.

Buy $93M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-10-17 Landauer’s Therapy Physics Business

Glenwood, Illinois, United States

Landauer’s Therapy Physics Business has built a residency program to provide therapy physics solutions to clients.

Sell -