Simpson Thacher is representing Patricia Industries and Sarnova Holdings in connection with Sarnova’s acquisition and simultaneous combination of Digitech and the R1 RCM Inc. EMS business (formerly ADPI/Intermedix), in partnership with Pamlico Capital and the founder and CEO of Digitech to create a leading provider of revenue cycle management services to emergency medical services professionals. The business will continue to operate under the Digitech name.
Patricia Industries, a part of Investor AB, makes control investments in leading companies with strong market positions, brands and corporate cultures within industries positioned for secular growth. Its ambition is to be the sole owner of its companies, together with strong management teams and boards. Patricia invests with an indefinite holding period, and focus on building durable value and capturing organic and non-organic growth opportunities.
Sarnova is a leading national specialty distributor of healthcare products in the emergency medical services and acute care markets. Sarnova is comprised of four major business units: Bound Tree Medical, Cardio Partners, Emergency Medical Products and Tri-anim Health Services. Sarnova is a company of Patricia Industries, a part of Investor AB.
The Simpson Thacher team includes Michael T. Holick, Stephen Wiseman, Yui Hirohashi, Keegan Lopez, Jiarui Li, Adrian Zhang and Aria Mahboubi (M&A); Alden Millard, Arman Naraghi-Pour and Michael Peragine (Credit); Marcy Geller, Sophie Staples and Stefan Golubovic (Tax); Jeannine McSweeney, Eric Wolf and Jake Phillips (Employee Benefits and Executive Compensation); Lori Lesser, Melanie Jolson and Bobbie Burrows (Intellectual Property); Vanessa Burrows (Healthcare); Krista McManus (Real Estate); Timothy Mulvihill (Environmental); and Steven DeLott (Insurance).