#USA #Norcross #Patrick Daly #GlobalMed Logistix #Water Street Healthcare

GlobalMed Logistix Partners with Water Street Healthcare Partners

GlobalMed Logistix (GMLx), a prominent player in the specialized logistics sector for medical device manufacturers, has recently entered into a partnership with Water Street Healthcare Partners. This strategic collaboration marks a pivotal phase in GMLx’s evolution, transforming the company into an independent entity while providing the necessary capital to ignite its next growth stage. In this transition, Patrick Daly, a veteran in the medical technology landscape, has been appointed as the new Chief Executive Officer (CEO).

A New Chapter for GlobalMed Logistix

By solidifying this partnership, GMLx is poised to enhance its position in the medical tech logistics industry, addressing an increasing demand for specialized logistics solutions as medical device manufacturers navigate complex operational challenges. These include heightened logistics and compliance requirements stemming from rising costs in the healthcare sector.

With an extensive suite of services that includes inventory management, assembly of surgical trays and kits, warehousing, reverse logistics, and quality assurance services, GMLx aims to rise to the occasion. Their expertise in tissue storage and distribution makes them a crucial partner for Original Equipment Manufacturer (OEM) clients. Scott Vane, the company's President and COO, emphasized the critical importance of reliability, speed, and compliance in surgical logistics, stating, "There is zero margin for error in surgical logistics. Speed, reliability, compliance, and scalability are critical, and these are the areas where we excel."

The Role of Patrick Daly

Patrick Daly's appointment as CEO is expected to drive the expansion initiatives of GMLx. With over three decades of leadership experience in the medtech and life sciences sectors, including roles at Cohera Medical and Terumo Blood and Cell Technologies, Daly brings a wealth of knowledge to the table. He has notably led the Global MedTech Data franchise at IQVIA and held senior positions at Johnson & Johnson across North America and Asia Pacific. His experience and vision are viewed as invaluable assets as GMLx moves towards amplifying its role in the medtech logistics space.

Daly remarked on his new position, “It’s an honor to join this high-performing team. They manage mission-critical logistics with a level of precision, speed, and customized service that sets a high standard in the industry.” He looks forward to fostering partnerships with new OEMs while enhancing existing client relations.

Enabling Growth Through Strategic Investment

The financial backing from Water Street Healthcare Partners significantly bolsters GMLx’s growth strategy, allowing it to expand its service offerings and national reach. This move aligns with the growing trend among medical device companies to outsource complex logistical operations, which GMLx is well-equipped to handle.

Katie Ossman, a partner at Water Street, shared, “We believe GMLx’s specialized expertise, innovative technology, and commitment to precision execution strongly position the company to serve the growing needs of medtech manufacturers.” With plans to invest organically and pursue potential strategic acquisitions, GMLx aims to enhance its role within the intricate realm of surgical logistics.

Camille Farhat, an industry veteran, will chair the board of directors. Farhat brings decades of experience in medical technology, holding key positions in global organizations such as Baxter International, GE Healthcare, and Medtronic. This leadership shift signals a robust framework for GMLx as it navigates the future.

A Commitment to Excellence in Medical Logistics

GlobalMed Logistix remains committed to supporting healthcare providers by ensuring that critical medical devices are delivered promptly and safely. With a focus on precision logistics and an expansive view towards partnership development, GMLx is set to redefine its role as an indispensable ally in the medical device industry.

In conclusion, the partnership between GlobalMed Logistix and Water Street Healthcare Partners represents a significant step towards fortifying the logistics framework for medical devices. With new leadership and strategic investment, GMLx is well-positioned to meet the increasing demands of the medtech industry in a rapidly evolving landscape.