Insight Equity Holdings LLC, a Southlake, Texas private equity firm, announced that one of its portfolio companies, CSAT Solutions Holdings LLC (“CSAT”), has acquired USOC BioMedical LLC.
Founded in 2010, USOC provides medical device repair services, equipment and parts sales, and leasing solutions for OEMs, hospitals and medical equipment management companies. USOC specializes in patient monitors, modules, telemetry, CO2 modules, infusion pumps and an array of other modalities. USOC is located in Irvine, California, and operates throughout the United States and Canada through a depot repair model.
“We are excited to partner with USOC and further expand into the medical device industry,” said Paul McCutcheon, president of CSAT Medical. “This combination marks a new chapter for CSAT, and we will continue our tradition of providing best-in-class service to our customers.”
Ali Youssef, CEO of USOC, added, “Joining forces with CSAT will help USOC expand its geographic footprint, modalities and customer base. More importantly, CSAT’s technical knowledge, logistical expertise and customer-centric culture are a great match for USOC.”
“Ali and his team have built a market-leading platform that provides mission-critical products and services to some of the top hospital systems and health care operations in North America,” commented Warren Bonham, partner and chief operating officer at Insight Equity. “Together, we will deliver a differentiated value proposition for the medical device industry with over 2,100 associates.”
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