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Biotronic NeuroNetwork Acquires NuWave Monitoring
Introduction
GREENWICH, CT and HOMEWOOD, IL — Great Point Partners (“GPP”) today announced that GPP I portfolio company Biotronic NeuroNetwork (“Biotronic”), the nation’s largest intraoperative neuromonitoring company, has acquired NuWave Monitoring.
NuWave Monitoring is an intraoperative neuromonitoring company providing highly trained and certified technologists and servicing patients, surgeons, and health care facilities in Illinois and Indiana. NuWave will benefit from Biotronic’s industry-leading infrastructure including training, clinical management, and quality assurance program.
“Biotronic provides intraoperative neuromonitoring services across the United States, and now is also the leading provider in the Midwest,” said Rohan Saikia, Principal at Great Point Partners.
“Biotronic and NuWave are a natural fit for each other,” said William J. Gecsey, CEO of Biotronic NeuroNetwork, “both organizations share a commitment to quality and service. With the acquisition, Biotronic expands its presence and reach from Chicago through northwestern Indiana.”
The NuWave Monitoring team will continue working with their surgeons and hospitals and will comply with Biotronic’s Joint Commission accredited quality assurance program.
About Great Point Partners
Great Point Partners (“GPP”), founded in 2003 and based in Greenwich, CT, is a leading health care investment firm with approximately $900 million of equity capital under management and 28 professionals, investing in the United States, Canada, and Western Europe. GPP is currently making new private equity investments from GPP II, which has closed on $215 million. Great Point manages capital in private (GPP I, $156 million, and GPP II) and public (BMVF, approximately $450 million) equity funds. Great Point Partners has provided growth equity, growth recapitalization, and management buyout financing to more than 100 health care companies. The private equity funds invest across all sectors of the health care industry with particular emphasis on biopharmaceutical infrastructure, devices and diagnostics, health care services, outsourcing, and information technology. The firm pursues a proactive and proprietary approach to sourcing investments and tuck-in acquisitions for its portfolio companies. Reach Great Point at 203-971-3300 or www.gppfunds.com.
About Biotronic NeuroNetwork
Founded in 1978, Biotronic NeuroNetwork is headquartered in Ann Arbor, Michigan and currently employs over 250 administrative, support and clinical staff, including over 200 technicians throughout the country. Biotronic is the largest independent provider of intraoperative neurophysiological monitoring in the world. www.biotronic.com