The Columbus Dispatch - - Market Summary - Mrose@dis­ @Mar­laMRose

Pa­tri­cia In­dus­tries will ac­quire the ma­jor­ity stake from Wa­ter Street Health­care Part­ners and Sarnova founder Matthew D. Wal­ter. Wa­ter Street and Wal­ter will re­main mi­nor­ity in­vestors. Wal­ter is the son of Car­di­nal Health founder Robert D. Wal­ter.

In a state­ment, Sarnova CEO Jeff Pres­tel said the deal “will fur­ther strengthen Sarnova’s ca­pac­ity to serve our cus­tomers, ven­dors and em­ploy­ees and ful­fill our mis­sion to save and im­prove pa­tients’ lives.”

The com­pany’s prod­ucts in­clude emer­gency med­i­cal equip­ment used by first re­spon­ders, anes­the­sia sup­plies and CPR train­ing.

Sarnova has made eight ac­qui­si­tions over the past 10 years to ex­pand its med­i­cal-prod­ucts and ser­vices port­fo­lio, in ad­di­tion to see­ing growth in its ex­ist­ing busi­nesses.

It added a sec­ond lo­ca­tion last year to house its grow­ing work­force in Dublin, which to­tals about 200. Na­tion­wide, the com­pany em­ploys about 650 work­ers.

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