Simpson Thacher is representing Cardio Partners, a division of Sarnova which is a portfolio company of Patricia Industries, in connection with its acquisition of RescueStat. Financial terms were not disclosed.
Headquartered in Meridian, ID, RescueStat is a healthcare technology company specializing in AED program management and remote monitoring.
Cardio Partners is a national provider of emergency preparedness solutions, offering CPR training, AED deployments, and program management to help organizations be heart safe.
Patricia Industries, a part of Investor AB, makes control investments in leading companies with strong market positions, brands and corporate cultures within industries positioned for secular growth. Its ambition is to be the sole owner of its companies, together with strong management teams and boards. Patricia invests with an indefinite holding period, and focuses on building durable value and capturing organic and non-organic growth opportunities.
The Simpson Thacher team included Michael T. Holick, Keegan Lopez, Carolina Vieira and Drew Johnson (M&A); Benjamin Persina, Ian Clemens and Sofia Sanchez-Luege (Credit); Jeannine McSweeney, Joshua Stephens, Scott Schilson and Benjamin Faber (ECEB); Sophie Staples and Andrew Mandelbaum (Tax); Vanessa Burrows and Jacob Madden (Healthcare); Lori Lesser and Christine Song (IP/Cyber); Daniel J. Venditti (Labor); David Caldwell and Cary Milanes (Anti-Corruption); Krista McManus (Real Estate); Sara Razi and Daniel Owsley (Antitrust); Mick Tuesley, James Perry and Austin Lowe (Regulatory); and Timothy Mulvihill (Environmental).