Avesi Partners Makes Strategic Investment in New Age Medical's Growth Journey

Avesi Partners, a private equity firm renowned for its dedication to healthcare and business services, recently revealed its investment in New Age Medical, a pivotal player in the MedTech landscape. This investment marks a significant milestone for New Age Medical, positioning it for expansive growth within the spinal surgery market. The partnership aims not only to support the company’s national expansion but also to broaden its reach into new therapeutic specialties and facilitate growth fueled by mergers and acquisitions.

Founded in 2012 and headquartered in St. Louis, Missouri, New Age Medical has established itself as an essential hub in the healthcare ecosystem. The firm specializes in optimizing the flow of medical solutions from manufacturers to surgeons, hospitals, and patients. By reducing the complexity of the supply chain and allowing vendor consolidation, New Age ensures that surgeons and medical facilities can access the latest technologies and innovations in medical devices.

Kevin Bly, the founder and CEO of New Age Medical, expressed his enthusiasm about this new partnership, emphasizing the shared vision between Avesi Partners and New Age Medical. According to Bly, the focus from the inception of the company has always been to streamline the process for surgeons, enabling them to procure the right products for their patients. He stated, "Avesi shares our conviction that durable growth is the result of doing right by every stakeholder we serve—surgeons, hospitals, manufacturers, and the reps who bring it all together."

With Avesi’s backing, New Age Medical anticipates unlocking new avenues for growth and innovation. Avesi’s commitment to investing in businesses that enhance the delivery of healthcare aligns perfectly with New Age Medical’s objectives. The managing director of Avesi Partners, Pete Tedesco, highlighted how New Age delivers significant value to its stakeholders while operating in a growing market filled with opportunities.

New Age Medical currently collaborates with over 85 original equipment manufacturers (OEMs), more than 100 sales representatives, approximately 200 hospitals and ambulatory surgery centers (ASCs), and 350 surgeons nationwide. This extensive network allows New Age to ensure that leading technology is reachable to those who need it most, making it a standout company in its sector.

Chris Laitala, a managing partner at Avesi, praised New Age Medical for its impressive track record of growth and its strong relationships within the healthcare community. He noted that these connections position New Age well to deliver differentiating value across surgeons, OEMs, and facilities. With the investment from Avesi, there are ambitious plans to expand services further and explore new markets and specialties, thereby enhancing its impact.

Avesi Partners aims to empower family-owned and privately held businesses in the lower-middle market, focusing on sectors like healthcare services and technology. Their strategy emphasizes efficiency in capital and time, striving to help businesses realize their full potential while achieving sustainable growth and long-term success.

Conclusion

As the partnership between Avesi Partners and New Age Medical unfolds, it holds the promise of driving innovation in the MedTech sector. By placing patient care at the forefront and optimizing operational processes within healthcare, the two companies aim to set a new standard in the market that benefits patients, healthcare facilities, and the medical community as a whole. With Avesi's solid financial backing and expertise, New Age Medical is poised for a remarkable growth trajectory that could redefine its role in the healthcare industry.

For more information about New Age Medical, visit their website or follow them on LinkedIn.