M&A Deal Summary

TRIMEDX Acquires Centurion Service Group

On December 2, 2020, TRIMEDX acquired medical products company Centurion Service Group from 1315 Capital

Acquisition Highlights
  • This is TRIMEDX’s 1st transaction in the Medical Products sector.
  • This is TRIMEDX’s 2nd transaction in the United States.
  • This is TRIMEDX’s 1st transaction in Illinois.

M&A Deal Summary
Date 2020-12-02
Target Centurion Service Group
Sector Medical Products
Buyer(s) TRIMEDX
Sellers(s) 1315 Capital
Deal Type Add-on Acquisition
Advisor(s) Triple Tree LLC (Financial)

Target

Centurion Service Group

Franklin Park, Illinois, United States
Centurion Service Group partners with hospitals and surgery centers to unlock and extend the value of their surplus medical equipment. Centurion provides a hassle-free, full-cycle, service-focused solution: Centurion Service Group works with hospitals to create strategies for surplus equipment liquidation; to pick up, transport, warehouse, and sell surplus devices, and to continue the value of surplus equipment by turning it into new equipment, refurbished equipment or essential services. Centurion Service Group is a major medical equipment life-cycle company with extensive warehousing, auction and logistical footprint in the United States. Centurion Service Group was founded in 2001 and is based in Franklin Park, Illinois.

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Buyer(S) 1

Buyer

TRIMEDX

Indianapolis, Indiana, United States
Category Company
Founded 1998
Sector Information Technology
DESCRIPTION

TRIMEDX is a provider-driven, clinical asset management organization in the US. The company utilizes its proprietary and highly integrated technology and commercial infrastructure to provide a differentiated, value-added clinical engineering solution to healthcare providers, enabling them to optimize the total cost of ownership for their large fleets of medical equipment and devices. TRIMEDX serves more than 3,700 healthcare sites and services and maintains data on more than three million medical devices. TRIMEDX was founded in 1998 and is based in Indianapolis, Indiana.

DEAL STATS #
Overall 2 of 2
Sector (Medical Products) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (Illinois) 1 of 1
Country (United States) 2 of 2
Year (2020) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-09-17 Aramark HCT

Philadelphia, Pennsylvania, United States

Aramark HCT is a provider of healthcare technology services, ranging from repair and maintenance to outsourcing of clinical engineering services, to more than 500 healthcare providers nationwide.

Buy -

Seller(S) 1

SELLER

1315 Capital

Investor Investor Investor Investor Investor

Category Growth Capital Firm
Founded 2014
Size Small
Type Sector Focused
DESCRIPTION

1315 Capital is a private investment firm that provides expansion and growth capital to commercial-stage specialty pharmaceutical, medical technology, and healthcare service companies. The Firm will consider opportunities across the US and generally looks to commit $10 to $40 million per investment. 1315 Capital was formed in 2014 and is based in Philadelphia, Pennsylvania.

DEAL STATS #
Overall 2 of 4
Sector (Medical Products) 1 of 2
Type (Add-on Acquisition) 2 of 3
State (Illinois) 1 of 1
Country (United States) 2 of 4
Year (2020) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-09-10 ProSciento

San Diego, California, United States

ProSciento is a specialty clinical research organization focused on metabolic diseases including certain liver diseases, diabetes, and obesity. ProSciento was founded in 2003 and is based in San Diego, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-05-11 miraDry

Santa Clara, California, United States

miraDry is the only FDA-cleared device to reduce underarm sweat, odor and permanently reduce the hair of all colors. The miraDry non-invasive procedure is safe and highly efficacious with a proven commercial and clinical track record. miraDry is based in Santa Clara, California.

Buy -
Mergr

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