Healthcare Equipment and Supplies
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For more information contact Gordon Gregory, David Cohn, David Herman, Charles Troe, Stan Deakin, Jeff Shippy, Robert Smith, or Shawn Thompson Copyright © 2005 Mosaic Capital LLC. All rights reserved. SALES & DIVESTITURES MERGERS & ACQUISITIONS VALUATIONS FINANCING Large national and international strategic buyers lead the demand for U.S.-based businesses in this sector. In addition, private equity groups own or control over 130 portfolio companies and also are fueling demand. Buyers objectives include: Improve organic growth opportunities Capitalize on unmet clinical product demand Penetrate high growth markets (e.g. - drug coated stents, ICD/spinal i mplants, LVAD, etc.) Reduce product costs in light of shrinking healthcare reimbursements About Mosaic Capital Mosaic Capital LLC is a leading national investment banking firm specializing in merger and acquisition and related corporate finance transactions, as well as business valuations for middle-market companies. The private placement of debt and equity securities is provided through affiliate Mosaic Capital Securities LLC - member NASD/SIPC. Mosaic Capital is a me mber of International Merger & Acquisition Partners (www.imap.com), an exclusive global partnership of leading M&A advisory firms with 98 offices in 24 countries, the partners of which have completed 1,000 middle market transactions exceeding $18 billion in value since 2000. Medical Treatment Equipment, including: ◘ Hospital Facility Equipment ◘ Surgical & Lab Sterilizers & Anesthesia Equip. ◘ Resuscitators, Respirators & Breathing Masks Assistive, Corrective, Dental, Optical & Other, including: ◘ Oral Cleaning, Surgical & Hygiene Equip. ◘ Cosmetic Dental Implants & Supplies ◘ Periodontic & Orthodontic Equipment ◘ Dental Diagnostic Equipment & Supplies ◘ Home Healthcare Equipment Consumables & Instruments: ◘ Surg ical Sets & Instrument s ◘ Medical Disposal Contai ners ◘ Bandages & Firs t Aid Kits ◘ Hypodermic Syringes & IV Tubes ◘ Eyewash Solutio ns ◘ Examination Gloves ◘ Bed Pads & Incontinence Products ◘ Medical Thermometers ◘ Stethoscopes & Stethographs ◘ Medical pumps & Valves ◘ Eyeglasses & Contact Lenses ◘ Other Consuma bles/In strume nts Testing, Analyzing & Diagnostic Equipment: ◘ Pregnancy, Allergy, HIV & Diagnostic Kits ◘ Radiology Equipment (X-Ray/MRI/CT/Cat Scan) ◘ Rehabilitation Equipment & Accessories ◘ Ophthalmology Instruments & Appliances ◘ Gynecological and Obstetrical Instruments ◘ Electromedical Equip., ECGs & Cardioscopes ◘ Ultrasound/Sonogram Equip. & Fetal Monitors ◘ Blood Pressure Measuring Equipment ◘ Heart Monitoring & Intensive Care Systems Therapeutic Devices, including: ◘ Interventional Radiology Devices ◘ Electrotherapeutic & Laparoscopic Devices ◘ Stents/Valves, Defibrillators & Pacemakers ◘ Ortho Devices, Prosthetics & Parts ◘ Crutches, Walkers, Wheelchairs ◘ Disability Comm. & Mobility Devices Based upon Mosaic Capital research and su bject to qualifications found on our website. Valuation multiples include public transactions and premiums for control, which can vary significantly between public and private companies. Private company t ransactions also typically include valuation discounts for limited liquidity, due to a lack of a public market. Mosaic Capital seeks introductions to owners and management teams in the following lines of business: M&A TRANSACTIONS BY SUBSECTOR HEALTHCARE EQUIPMENT AND SUPPLIES M&A VALUATION UPDATE 9.30.05 Ove ra ll M&A acti vi ty within the He althcare E quipment and Suppl ie s sector de cr ease d 2% over the la st twe lve months ( LT M) ending September 30, 2005 wi th 80 de als reported compa red with 82 de als for the same period last year and wi th median valuation multiples at 2.4 x Revenue, 12.4 x EBITDA, 15 x EBIT and 2.8 x Book Value. T estin g, Ana lyz ing & Di ag no stic Equi pment 25 30% 13 24% 19 26% 22 27% 22 28% Medi ca l Consu mabl es & I ns truments 17 20% 16 29% 16 22% 18 22% 18 23% T herapeutic Devices 9 11% 5 9% 11 15% 13 16% 16 20% Medical T reatment Equipment 24 29% 18 33% 18 25% 16 20% 14 18% Assist ive , Cor re ctive, De nt al , Opt ica l & Ot he r 9 11% 3 5% 9 12% 13 16% 10 13% Total 84 100% 55 100% 73 100% 82 100% 80 100% For the Last Twelve Months Ended September 30, 01 02 03 04 05
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Transcript of Healthcare Equipment and Supplies
8/6/2019 Healthcare Equipment and Supplies
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For more information contact Gordon Gregory, David Cohn, David Herman, Charles Troe, Stan Deakin, Jeff Shippy, Robert Smith, or Shawn Thompson
Copyright © 2005 Mosaic Capital LLC. All rights reserved.
SALES & DIVESTITURES MERGERS & ACQUISITIONS VALUATIONS FINANCING
Large national and international strategic buyers lead the demand for U.S.-based businesses in this sector. In addition,private equity groups own or control over 130 portfolio companies and also are fueling demand. Buyers objectives include:
Improve organic growth opportunitiesCapitalize on unmet clinical product demandPenetrate high growth markets (e.g. - drug coated stents, ICD/spinal implants, LVAD, etc.)Reduce product costs in light of shrinking healthcare reimbursements
About Mosaic Capital
Mosaic Capital LLC is a leading national investment banking firm specializing in merger and acquisition and related corporatefinance transactions, as well as business valuations for middle-market companies. The private placement of debt and equity
securities is provided through affiliate Mosaic Capital Securities LLC - member NASD/SIPC. Mosaic Capital is a member of International Merger & Acquisition Partners (www.imap.com), an exclusive global partnership of leading M&A advisory firmswith 98 offices in 24 countries, the partners of which have completed 1,000 middle market transactions exceeding $18 billionin value since 2000.
Medical Treatment Equipment, including:
◘ Hospital Facility Equipment◘ Surgical & Lab Sterilizers & Anesthesia Equip.◘ Resuscitators, Respirators & Breathing Masks
Assistive, Corrective, Dental, Optical& Other, including:
◘ Oral Cleaning, Surgical & Hygiene Equip.◘ Cosmetic Dental Implants & Supplies◘ Periodontic & Orthodontic Equipment◘ Dental Diagnostic Equipment & Supplies◘ Home Healthcare Equipment
Consumables & Instruments:◘ Surgical Sets & Instruments◘ Medical Disposal Containers◘ Bandages & First Aid Kits◘ Hypodermic Syringes & IV Tubes◘ Eyewash Solutions◘ Examination Gloves◘ Bed Pads & Incontinence Products◘ Medical Thermometers◘ Stethoscopes & Stethographs◘ Medical pumps & Valves◘ Eyeglasses & Contact Lenses◘ Other Consumables/Instruments
Testing, Analyzing & Diagnostic Equipment:◘ Pregnancy, Allergy, HIV & Diagnostic Kits◘ Radiology Equipment (X-Ray/MRI/CT/Cat Scan)◘ Rehabilitation Equipment & Accessories◘ Ophthalmology Instruments & Appliances◘ Gynecological and Obstetrical Instruments◘ Electromedical Equip., ECGs & Cardioscopes◘ Ultrasound/Sonogram Equip. & Fetal Monitors◘ Blood Pressure Measuring Equipment◘ Heart Monitoring & Intensive Care Systems
Therapeutic Devices, including:◘ Interventional Radiology Devices◘ Electrotherapeutic & Laparoscopic Devices◘ Stents/Valves, Defibrillators & Pacemakers◘ Ortho Devices, Prosthetics & Parts◘ Crutches, Walkers, Wheelchairs◘ Disability Comm. & Mobility Devices
Based upon Mosaic Capital research and subject to qualifications found on our website. Valuation multiples include public transactions and premiums for control, which can varysignificantly between public and private companies. Private company t ransactions also typically include valuation discounts for limited liquidity, due to a lack of a public market.
Mosaic Capital seeks introductions to owners and management teams in the following lines of business:
M&A TRANSACTIONS BY SUBSECTOR
HEALTHCARE EQUIPMENT AND SUPPLIES
M&A VALUATION UPDATE 9.30.05
Overall M&A activity within the Healthcare Equipment and Supplies sector decreased 2% over the last twelve months (LTM)
ending September 30, 2005 with 80 deals reported compared with 82 deals for the same period last year and with median
valuation multiples at 2.4 x Revenue, 12.4 x EBITDA, 15 x EBIT and 2.8 x Book Value.
Testing, Analyzing & Diagnostic Equipment 25 30% 13 24% 19 26% 22 27% 22 28%
Medical Consumables & Instruments 17 20% 16 29% 16 22% 18 22% 18 23%
Therapeutic Devices 9 11% 5 9% 11 15% 13 16% 16 20%
Medical Treatment Equipment 24 29% 18 33% 18 25% 16 20% 14 18%
Assistive, Corrective, Dental, Optical & Other 9 11% 3 5% 9 12% 13 16% 10 13%
Total 84 100% 55 100% 73 100% 82 100% 80 100%
For the Last Twelve Months Ended September 30,
01 02 03 04 05
