Project Description

Northfield Medical

Prairie Capital Fund V

Location Greensboro, NC
Transaction Type Growth Buyout with Founder and Management
Investment Date January 2011
Exit Date June 2017
Buyer Prezio (Frazier Healthcare Partners Portfolio Company)
Business

The company repairs high-use medical equipment used in the operating room, predominantly flexible endoscopes, rigid endoscopes and other surgical instruments, for hospitals and surgery centers nationwide.

Industry Business Services, Healthcare

Investment Rationale

  • Attractive industry dynamics/strong growth opportunities
  • No dependence on medical reimbursement
  • Cost containment nature of business
  • Competitive advantage over OEMs
  • Extensive growth opportunities

Value Add

  • Human Capital
  • Sales & Marketing
  • Technology
  • Infrastructure
Prairie Capital was terrific partner! Classic Midwestern values combined with world-class business experience. Sean, Bryan, and the entire Prairie team could not have been more supportive – they guided us through an impactful acquisition and urged us to think differently. A great experience and a great outcome for the founding partners AND our employees.
Monty Wenk, CEO