Simpson Thacher represented Sarnova, a portfolio company of Patricia Industries, in connection with its acquisition of Mercury Medical. Financial terms were not disclosed.
Headquartered in Clearwater, FL, Mercury Medical is a healthcare company that designs, manufactures and distributes critical care and emergency medical devices.
Sarnova is a leading national specialty distributor of healthcare products in the emergency medical services and acute care markets. Sarnova is comprised of four major business units: Bound Tree Medical, Cardio Partners, Emergency Medical Products and Tri-anim Health Services. Sarnova is a company of Patricia Industries, a part of Investor AB.
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, Mikayla Ullrich and Andrew Passarelli (M&A); Sophie Staples and Benjamin Bressler (Tax); Vanessa Burrows, Alison Peters, Jacob Madden and Rebecca Rose (Healthcare); Jeannine McSweeney, Joshua Stephens and Stefanie Allman (ECEB); Katherine Reaves, Jordon Pollard, Thomas Cerja IV (Credit); Caroline Geiger and Sara Liu (IP/Cyber); Krista McManus (Real Estate); Sara Razi and Daniel Owsley (Antitrust); Mick Tuesley, James Perry and Shinae Yoon (Regulatory); and Carleigh Rodriguez and Deepa Sarkar (Environmental).