Healthedge Investment Partners Announces Recapitalization Of Western Microsurgical

TAMPA, Fla. and DENVER, Colo., Feb. 3, 2025 /PRNewswire/ -- HealthEdge Investment Partners, LLC ("HealthEdge") is pleased to announce its investment in Western Microsurgical, LLC ("WMS" or the "Company"), a leading independent service organization ("ISO") and provider of new and refurbished surgical microscopes based in Denver, CO. HealthEdge invested alongside the management team and owners of WMS, who retained meaningful ownership in the business and will remain active in the operations of the Company.

Founded in 2001 by Brian Bedrick, WMS has grown from a capital equipment distributor to a leading regional ISO, serving hospital surgical suites, ambulatory surgical centers ("ASCs"), and specialty clinics. WMS specializes in surgical microscopy, equipment, and supplies, used in specialty spine, neuro, ENT, and ophthalmology procedures. The company provides an array of support services including maintenance, break-fix repair, sales, and rentals to its customers. The Company also sells new equipment, surgical products and supplies on behalf of leading manufacturers.

"The entire WMS team and I are excited for the next chapter of growth in partnership with HealthEdge," said Brian Bedrick, founder & CEO at WMS. "The investment and expertise from HealthEdge will enable us to pursue partnerships with other leading ISO businesses across the US. Additionally, the investment will provide working capital that fuels growth as we continue to provide responsive, professional, and high-quality services to our clients."

"HealthEdge identified the opportunity to partner with WMS and other companies providing services in the microscopy market after researching and evaluating ISOs across the capital equipment market. We believe that with its technical expertise and high touch service, WMS is uniquely positioned to grow and scale into a national provider," said Josh Hamrick, Principal at HealthEdge.

HealthEdge Partner Matt Dawson added, "Brian and his leadership team have built a high performing organization delivering, servicing, and repairing mission critical microscopes and surgical equipment to support surgeons and operating room staff in providing excellent clinical outcomes in specialty spine, neuro, ENT, and ophthalmology procedures across their growing customer base. We are excited to partner with the WMS team to continue building this platform and partnering with other regional leaders across the country."

Upon closing of the transaction, Erik Tivin was appointed to the board of directors. Mr. Tivin has over 25 years of industry experience, having founded Centurion Service Group, a full-service surplus medical equipment management company. Mr. Tivin was most recently an executive with TRIMEDX.

Hill Ward Henderson served as legal counsel to HealthEdge. Forbes Partners served as financial advisor and Michael Best & Friedrich LLP served as counsel to WMS.

ABOUT HEALTHEDGE INVESTMENT PARTNERS

HealthEdge is an operating-oriented private equity firm founded in 2005 that focuses exclusively on the healthcare industry. HealthEdge seeks to achieve superior returns by investing in businesses that benefit from the knowledge, experience, and network of relationships of its partners. HealthEdge's partners have more than 100 years of combined operating experience in healthcare as operators and investors.

ABOUT WESTERN MICROSURGICAL

Based in Denver, CO, Western Microsurgical operates as an independent manufacturer's representative ("IMR"), and independent service organization ("ISO") of Leica Microsystems, one of the market leading manufacturers in microscopy, used in specialty spine, neuro, and ophthalmology procedures in hospital surgical suites, ambulatory surgical centers ("ASCs"), and specialty clinics. WMS is also a distributor of surgical instruments and products on behalf of leading manufacturers.

CONTACT:

HealthEdge Investment Partners, LLC

5550 W. Executive Drive, Suite 230

Tampa, Florida 33609

(813) 490-7100

www.healthedgepartners.com

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SOURCE HealthEdge Investment Partners, LLC