LOS ANGELES–(BUSINESS WIRE)–Capsa Healthcare, a portfolio company of Levine Leichtman Capital Partners, announced today that it has acquired MASS Medical Storage.
Based in Kansas City, Missouri, MASS Medical is an innovative designer, manufacturer and assembler of medical storage cabinets and carts. MASS Medical has developed a range of products focused on endoscope drying and storing within gastrointestinal labs and other healthcare centers, as well as general medical storage products used across operating rooms and adjacent settings. With a strong commitment to reliability and exceptional service, MASS Medical is strategically positioned to capitalize on the positive market trends resulting from stricter infection control regulations.
Capsa is a leading provider of innovative, highly engineered, workflow products that increase efficiency and reduce costs, enhance medication security and tighten inventory control across healthcare settings worldwide. Capsa’s core offerings include mobile workstations, medication management solutions and pharmacy automation products, which are produced at its headquarters in Columbus, Ohio, as well as additional production facilities in Portland, Oregon, Agua Prieta, Mexico, and Waalwijk, Netherlands. With over 60 years of product innovation experience, Capsa has grown steadily through a combination of internal development and the acquisition of complementary product brands and technology platforms.
Eric Webb, CEO of Capsa, commented, “We are thrilled to welcome MASS Medical to the Capsa family. The team’s commitment to delivering market-leading drying and organization solutions aligns perfectly with our vision of providing healthcare professionals in diverse disciplines with innovative products that improve the clinician’s operational efficiency and ability to achieve exceptional patient outcomes.”
“We are excited about joining forces with Capsa,” added Dave Guezuraga, CEO of MASS Medical. “Combining our strengths and resources will enable us to better serve our customers, drive innovation, and deliver exceptional value. Capsa’s expertise in both software and hardware engineering will support portfolio evolution and advance the storage and processing of endoscopes, as well as optimize workflows in related procedure areas of the healthcare facility.”
Andrew Schwartz, a Partner at LLCP, stated, “MASS Medical’s range of carts and cabinets presents an attractive workflow segment that complements Capsa’s existing acute care product offering and broadens Capsa’s addressable market. We look forward to continued growth of both Capsa and MASS Medical.”
Capsa’s purchase of MASS Medical is the company’s sixth acquisition during LLCP’s ownership.
Capsa is a portfolio company of Levine Leichtman Capital Partners VI, L.P.
About Levine Leichtman Capital Partners
Levine Leichtman Capital Partners, LLC is a middle-market private equity firm with a 39-year track record of investing across various targeted sectors, including Franchising & Multi-unit, Business Services, Education & Training and Engineered Products & Manufacturing. LLCP utilizes a differentiated Structured Private Equity investment strategy, combining debt and equity capital investments in portfolio companies. LLCP believes that by investing in a combination of debt and equity securities, it offers management teams growth capital in a highly tailored, flexible investment structure that can be a more attractive alternative than traditional private equity.
LLCP’s global team of dedicated investment professionals is led by nine partners who have worked at LLCP for an average of 19 years. Since inception, LLCP has managed approximately $13.3 billion of institutional capital across 15 investment funds and has invested in over 100 portfolio companies. LLCP currently manages $8.7 billion of assets and has offices in Los Angeles, New York, Chicago, Charlotte, Miami, London, Stockholm, The Hague and Frankfurt
