Acquisition expands product portfolio to include SPS's extensive range of surgical consumables

AA Medical, the leading supplier of refurbished medical equipment, is proud to announce the acquisition of Surgical Product Solutions (“SPS”), the premier provider of high-quality, in-date surgical consumables and supplies. This strategic partnership marks a significant milestone in both companies' missions to enhance the accessibility and affordability of premium medical products.

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AA Medical acquires Surgical Product Solutions. Strategic partnership further solidifies position as a comprehensive 3rd party alternative provider of medical supplies. (Photo: Business Wire)

With this acquisition, AA Medical expands its product portfolio to include SPS's extensive range of surgical consumables, further solidifying its position as a comprehensive 3^rd party alternative provider of medical supplies. The integration of SPS's expertise and AA Medical's innovative approach promises to deliver unparalleled value and service to healthcare professionals worldwide.

“We are extremely excited to announce our partnership with Surgical Product Solutions,” said Matt Nelson, Chief Executive Officer at AA Medical. “Together we will work towards our goal of connecting the world with life-changing medical equipment."

Brian Singer, Chief Commercial Officer of AA Medical added, "We are excited to welcome Surgical Product Solutions to the AA Medical family. This partnership supports our efforts to provide reliable, high-quality medical equipment across the globe. SPS’s mission, vision, and values align with AA Medical’s and will amplify our commitment to provide sustainable choices for the healthcare industry.”

SPS shares this enthusiasm for the partnership. "Joining forces with AA Medical opens new avenues for growth and innovation," said Justin Tennant, Managing Partner of SPS. "Together, we will continue to provide exceptional products and services to our clients, ensuring they have more access to the best products available for patient care."

The partnership will allow both companies to leverage technology, scale, and a global customer base to offer their customers value-based, sustainable options and support for increasing demand from hospitals, health systems, and other care sites. Steven Darocy, Managing Partner at SPS, said, “We’re extremely excited about the platform AA Medical’s built and how our technologies complement each other. AA Medical has done a tremendous job providing capital equipment through their proprietary portal and we look forward to expanding that offering with StockHawk, our inventory management software and app.”

For more information about the products and services offered by AA Medical and SPS, interested parties can visit www.aamedicalstore.com and www.shopsps.com. We are thrilled about this exciting new chapter for AA Medical and Surgical Product Solutions, and we look forward to continuing to serve the healthcare industry with exceptional products and services.

About AA Medical

AA Medical has provided sustainable solutions to both the new and resale medical equipment markets since 2012, with a concentration in endoscopic, orthopedic, and other surgical devices. As a critical partner in cost containment, AA Medical helps medical facilities unlock residual value from unneeded equipment while providing reprocessed equipment that otherwise would be prohibitively expensive to purchase new to small, rural, specialty, and international medical facilities. For more information, please visit www.aamedicalstore.com.

About Surgical Product Solutions

Surgical Product Solutions is a leader in providing high-quality, cost-saving surgical solutions for healthcare facilities across the United States who choose to save money without sacrificing quality of care. SPS accomplishes this by presenting hospitals and surgery centers with liquidation solutions for surgical disposables and by acting as an independent distributor of unused, in-date surgical disposables. For more information, please visit www.shopsps.com.

About Shore Capital Partners

Shore Capital, a Chicago based private equity firm with offices in Nashville, is an investor in microcap companies in the Healthcare, Food and Beverage, Business Services, Industrial, and Real Estate industries. Shore’s strategy is to support management partners to grow faster with less risk, through access to capital, world class board and operational resources, and unmatched networking, development, and shared learnings across the portfolio. From 2020-2023 Shore received recognition from Inc Magazine as a 4x Top Founder Friendly Investor and by Pitchbook research for being the global leader in Private Equity total deal volume. Shore targets investments in proven, successful private companies with superior management teams, stable cash flow, and significant potential to grow through industry consolidation and organic growth to generate value for shareholders. Shore has over $7 billion of assets under management and in additional investment platforms to which it provides business and operational consulting services. For more information, including with respect to these awards and investment platforms, please visit: www.shorecp.com.

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