Exited Investment
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
TEAM:
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.