M&A Deal Summary

North American Partners in Anesthesia Acquires Aisthesis

On December 5, 2018, North American Partners in Anesthesia acquired medical products company Aisthesis from NewSpring Capital

Acquisition Highlights
  • This is North American Partners in Anesthesia’s 1st transaction in the Medical Products sector.
  • This is North American Partners in Anesthesia’s 6th transaction in the United States.
  • This is North American Partners in Anesthesia’s 1st transaction in Maryland.

M&A Deal Summary

Date 2018-12-05
Target Aisthesis
Sector Medical Products
Buyer(s) North American Partners in Anesthesia
Sellers(s) NewSpring Capital
Deal Type Add-on Acquisition

Target

Aisthesis

Bethesda, Maryland, United States
Aisthesis provides anesthesiology services to Ambulatory Surgery Centers (ASCs) in the greater Washington D.C. metro area. ASCs perform minor surgeries and medical procedures that would otherwise be performed in hospitals at greater cost and less convenience. Anesthesia's board-certified anesthesiologists perform their services with drugs that produce fewer side effects to patients resulting in shorter recovery times and increased facility utilization for the ASCs.

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Buyer(S) 1

Buyer

North American Partners in Anesthesia

Melville, New York, United States

Category Company
Founded 1986
Sector Healthcare Services
DESCRIPTION

North American Partners in Anesthesia is a single specialty anesthesia and perioperative management company in the United States. NAPA is comprised of the most respected clinical staff, providing thousands of patients with superior and attentive care. North American Partners in Anesthesia was founded in 1986 and is based in Melville, New York.


DEAL STATS #
Overall 6 of 8
Sector (Medical Products) 1 of 1
Type (Add-on Acquisition) 6 of 7
State (Maryland) 1 of 1
Country (United States) 6 of 8
Year (2018) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-12-02 ProCare Systems

Grand Rapids, Michigan, United States

ProCare Systems, Inc. is a management services organization focused on chronic pain management.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-05-06 American Anesthesiology

Sunrise, Florida, United States

American Anesthesiology is a dynamic anesthesia partner, providing comprehensive, customized health solutions in a variety of clinical settings. American Anesthesiology was formed in 2007 and is based in Sunrise, Florida.

Buy -

Seller(S) 1

SELLER

NewSpring Capital

Radnor, Pennsylvania, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1999
PE ASSETS 3.5B USD
Size Large
Type Sector Agnostic
DESCRIPTION

NewSpring Capital is a private investment firm focused on growth companies in the Mid-Atlantic US. The Firm can provide both growth equity and junior capital to prospective companies. NewSpring's target investment size for both mezzanine and equity financing is $2 to $5 million, although for new ventures, the Firm can commit up to $10 million. Sectors of interest include specialty manufacturing, technology, business services, information technology, life science, healthcare services, and medical devices. NewSpring Capital was formed in 1999 and is based in Radnor, Pennsylvania with an additional office in Short Hills, New Jersey.


DEAL STATS #
Overall 52 of 86
Sector (Medical Products) 4 of 4
Type (Add-on Acquisition) 33 of 48
State (Maryland) 1 of 5
Country (United States) 51 of 85
Year (2018) 9 of 9
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-11-06 Messagepoint

Toronto, Ontario, Canada

Messagepoint engages in developing and delivering innovative software and services within the Customer Communications Management (“CCM”) market. Messagepoint provides non-technical business users with intelligent control over complex content to create more personalized, relevant, and timely customer communications in regulated industries such as financial services, insurance, and healthcare. The Company’s hybrid-cloud platform enables businesses to produce optimized customer communications at scale across a variety of distribution channels including print, email, mobile, and web. Messagepoint was founded in 1998 and is based in Toronto, Canada.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-02-14 Turning Point Restaurants

Oakhurst, New Jersey, United States

Turning Point Restaurants provides breakfast, brunch, and lunch. Turning Point currently operates 16 locations in the Mid-Atlantic. Turning Point Restaurants is based in Oakhurst, New Jersey.

Buy -