Stout announced today that its client, Versus Technology, Inc. (Versus), has been acquired by Midmark Corporation (Midmark), a leader in workflow solutions for outpatient settings headquartered in Dayton, OH.
Established in 1988 and based in Traverse City, MI, Versus specializes in real-time locating systems (RTLS) for healthcare. Used by more than 800 hospitals for enterprise patient tracking, bed management, asset tracking, and nurse call automation, Versus improves patient flow and documentation of caregiver and patient interactions, while enhancing communication and efficiency. The Versus infrared (IR), Active RFID and Wi-Fi solution is responsible for enterprise visibility, clinical-grade location and automation at hospitals, clinics, surgery centers and senior care facilities worldwide. “We are very excited for the opportunity this collaboration will provide for our system integrators and end-user customers,” said HT Snowday, President of Versus. “Healthcare providers face difficult decisions every day relating to equipment, room design, staffing and workflow. Together, Versus and Midmark will be able to provide more specialized, data-driven solutions to health systems, strengthening our businesses while enhancing healthcare for all involved.”
Stout served as exclusive financial advisor to Versus in connection with this transaction. David Evatz, Managing Director at Stout, said, “It was a pleasure working on this transaction with Versus, a pioneer and market leader in providing automated workflow solutions for healthcare.” Nick Jachim, Managing Director and Head of Investment Banking at Stout, added, “This was a great result for both parties and an important transaction for Stout.”
Stout’s Investment Banking Group provides mergers and acquisitions (M&A) advice, private capital raising, and other financial advisory services for private equity portfolio companies, closely held or family-owned businesses, and divisions of large corporate parents. Stout’s dedicated plastics industry practice includes experience with companies within the medical, packaging, industrial, and automotive markets and across various manufacturing and plastic processes. See more information on our services in the Healthcare & Life Sciences sector.