M&A Deal Summary

PSS World Medical Acquires Gulf South Medical Supply

On March 2, 1998, PSS World Medical acquired distribution company Gulf South Medical Supply from TA Associates

Acquisition Highlights
  • This is PSS World Medical’s 1st transaction in the Distribution sector.
  • This is PSS World Medical’s 1st transaction in the United States.
  • This is PSS World Medical’s 1st transaction in Mississippi.

M&A Deal Summary

Date 1998-03-02
Target Gulf South Medical Supply
Sector Distribution
Buyer(s) PSS World Medical
Sellers(s) TA Associates
Deal Type Add-on Acquisition

Target

Gulf South Medical Supply

Ridgeland, Mississippi, United States
Gulf South Medical Supply is a distributor of medical and surgical supplies to long-term care, retirement center and alternative site care facilities.

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Buyer(S) 1

Buyer

PSS World Medical

Jacksonville, Florida, United States

website


Category Company
Founded 1983
Sector Medical Products
DESCRIPTION

PSS World Medical, Inc. is a specialty marketer and distributor of medical products to physicians, elder care providers and other alternate-site healthcare providers through its two business units.


DEAL STATS #
Overall 1 of 6
Sector (Distribution) 1 of 2
Type (Add-on Acquisition) 1 of 6
State (Mississippi) 1 of 1
Country (United States) 1 of 6
Year (1998) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2003-09-08 Highpoint Healthcare Distribution

Grand Prairie, Texas, United States

("Highpoint") was one of the largest regional distributors of medical supplies to long-term health care facilities in the Southwest. Through the Company's direct sales force, Highpoint marketed its products and services directly to individual/small chain nursing homes in Texas, Oklahoma, Louisiana, and Kansas. In addition, the Company provided billing services for patients covered under Medicare Part-B. The Company was based in Ft. Worth, Texas, and sold to Gulfsouth Medical Supply, a division of PSS World Medical, Inc. (Nasdaq PSSI).

Buy -

Seller(S) 1

SELLER

TA Associates

Boston, Massachusetts, United States

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 1968
PE ASSETS 65.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

TA Associates is a private equity firm that targets investments in middle-market and large companies around the world. TA will consider control or minority investments in profitable companies and looks to commit between $70 and $500 million per transaction. TA proactively reaches out to companies directly in sourcing potential investment opportunities. Prospective businesses are generally valued between $100 million and $3 billion. Areas of interest include technology, software, communications, financial services, healthcare, business services, semiconductors/electronics, and consumer products/services. In addition to investing equity capital, TA also makes subordinated debt investments. TA's geographic preference is North America, Asia/Pacific, and Europe. TA Associates was formed in 1968 and is based in Boston, Massachusetts.


DEAL STATS #
Overall 41 of 252
Sector (Distribution) 1 of 3
Type (Add-on Acquisition) 20 of 129
State (Mississippi) 1 of 3
Country (United States) 39 of 206
Year (1998) 6 of 13
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1998-02-15 Bsquare

Seattle, Washington, United States

Bsquareis a provider of software services and products. The company helps its customers extract business value from a broad array of physical assets by making them intelligent, connecting them, and using the data they generate to optimize business processes. Bsquare DataV software solutions can be deployed by a wide variety of enterprises to create business-focused Internet of Things (IoT) systems that more effectively monitor device data, automate processes, predict events and produce better business outcomes. Bsquare was founded in 1994 and is based in Seattle, Washington.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
1998-04-01 Coventry Health Care

Bethesda, Maryland, United States

Coventry Health Care, Inc. is a managed health care company that provides a wide range of health benefits and services to a broad cross section of employer and government-funded groups.

Sell -