Simpson Thacher is representing Cardio Partners, a division of Sarnova which is a portfolio company of Patricia Industries, in connection with its acquisition of One Beat Medical & Training. Financial terms were not disclosed.
Headquartered in Miramar, FL, One Beat Medical is one of the largest distributors of defibrillators and accessories in the United States.
Cardio Partners is a national provider of emergency preparedness solutions for public access.
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.
The Simpson Thacher team includes Michael T. Holick, Keegan T. Lopez, Bobby Hausen and Josh Brachfeld (M&A); Benjamin Persina, Taylor Nefussy, Suzie Kaufman and Emma Li (Credit); Vanessa Burrows and Jake Madden (Healthcare); Benjamin Rippeon and Andrew Mandelbaum (Tax); Jeannine McSweeney and Joshua Stephens (ECEB); Daniel Venditti (Labor); Lori Lesser, Corina Holland and Riley Morrow (IP); Timothy Mulvihill (Environmental); David Caldwell (Anti-Corruption); Steven DeLott (Insurance); and Krista McManus (Real Estate).