Industry: Healthcare / Products & Devices
Transaction: Majority Sale to Financial Buyer


Access MediQuip, LLC ("Access"), founded in 1997, is the first and largest national provider of outsourced medical implantable device management solutions to the healthcare industry. The company's unique Device Benefit Management™ solution includes expertise in insurance authorization, inventory management, equipment procurement and claims processes. These services minimize the financial risk associated with device acquisition costs and increase accessibility to implantable devices for Access' customers by leveraging the company's extensive expertise in all aspects of the distribution, authorization and reimbursement of implantable devices.

Access' owner / managers sought to sell a majority of their equity stake, while continuing to manage the company. GMB served as exclusive financial advisor to Access in the transaction, assisting the company in evaluating its strategic alternatives, marketing the company through a broad auction process and negotiating final agreements.

The owners were able to sell a majority of their ownership stake and roll a portion of their equity into the new company. Access found an experienced partner in Water Street Healthcare Partners, a healthcare-focused private equity firm based in Chicago. Water Street was attracted to the U.S. implantable medical device market, which it estimates is worth $22 billion and growing 15% annually.

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