|
  
Contact:
Supply Chain Equity Partners
Jay Greyson
216-925-4184
jgreyson@supplychainequity.com
Medi-Nuclear Corp. Partners with Supply Chain Equity
CLEVELAND, November 12, 2009 -- Medi-Nuclear Corporation, a
leading distributor of nuclear medicine, cardiology imaging and
general cardiology supplies and accessories to health care providers
throughout North America, has partnered with Supply Chain Equity
Partners (SCEP), a private equity firm focused on the distribution
industry. Medi-Nuclear is SCEP’s second investment in the medical
supplies industry. In 2008, SCEP invested in Cone Instruments, one
of the country’s largest independent distributors of medical imaging
supplies and accessories. Transaction details were not disclosed.
Brian Rand, President and owner of Medi-Nuclear, said: “As part of a
larger medical imaging platform, the opportunities to accelerate
growth are extensive. Medi-Nuclear has recognized expertise in
nuclear medicine and cardiology and Cone Instruments LLC has a wealth of
knowledge in ultrasound and radiology. Together, we provide a
broader range of products and expertise to better serve our
customers while providing our suppliers with an extended reach into
a wide array of markets.”
Serving over a thousand customers annually and with sales to almost
every state in the U.S., Medi-Nuclear is one of the largest
independent companies focusing on the $300+ billion cardiology
profession. Mr. Rand further commented: “Supply Chain Equity
Partners is the perfect investor to help us capture additional
market share and seek additional strategic alliances with other
like-positioned businesses. Their expertise in the distribution and
logistics industry, coupled with our history of providing
best-in-class medical products and services to our customers, will
help take our organization to the next level of industry
leadership.”
“Cone Instruments LLC and Medi-Nuclear Corp will both remain at their
current locations, carry on with their existing operations, and
continue to serve their unique and strong customer bases,” stated
Pat Beck, President of Cone Instruments LLC.
About Medi-Nuclear
Corporation
Medi-Nuclear is one of the country’s largest independent
distributors of nuclear medicine, cardiology imaging, and general
cardiology supplies and accessories. Headquartered in New Hudson,
Michigan, Medi-Nuclear celebrated its 30-year anniversary in 2005.
For more information about the company, visit the company’s website
at
www.medinuc.com.
About Cone
Instruments, Inc.
Cone Instruments LLC is one of the most established independent catalog
brands in the medical imaging industry. Founded over 30 years ago,
Cone has grown to become a one-stop-shop of ultrasound, radiology
and nuclear medicine products and supplies for thousands of
hospitals, imaging centers and doctors’ offices throughout the
world. An electronic copy of their catalog, along with background
information about the company, is available from the Cone
Instruments’ website at
www.coneinstruments.com.
About Supply Chain
Equity Partners
Based in Cleveland, Ohio, Supply Chain Equity Partners is the only
private equity firm focused exclusively on the distribution and
logistics industry. Founded by distribution-industry veterans, the
fund works to help build industry-leading, visionary distribution
companies. For more information about Supply Chain Equity Partners,
visit their website at
www.supplychainequity.com.
|
