Medical Supplies Of America Sells Blood Plasma Supplies Business To HemaSource

Wednesday, November 6, 2013

FourBridges Capital Advisors on Wednesday, announced that Medical Supplies of America has sold its blood plasma supplies operations to HemaSource. FourBridges acted as exclusive advisor to Medical Supplies of America.

Based in Knoxville, MSA is a full-service distributor of medical disposable, surgical and pharmaceutical supplies. The company’s operations are divided into two segments: blood plasma supplies, acquired by HemaSource, and physician supplies, which will continue to operate under MSA management.

HemaSource, headquartered in Salt Lake City, Ut., is a distributor of medical disposable products and selected capital items used in the blood therapies market. HemaSource is the largest supplier of medical disposables to the blood plasma collection industry and serves all 50 states, Puerto Rico and Canada through its network of distribution centers.

“HemaSource has the platform and resources to further the success of our blood plasma supplies operations,” said Mike Hatcher, the largest shareholder of MSA. “We couldn’t be happier with the outcome of this transaction, and we’re grateful for the guidance that FourBridges provided as we navigated the deal process.”

HemaSource previously approached the company with a proposed transaction relating to the blood plasma supplies operations; however, MSA’s management team wished to explore their options before moving forward.

FourBridges worked with MSA to identify other potential acquirers and position the company for a transaction. Ultimately, MSA’s management and shareholders determined that a transaction with HemaSource offered the best value. FourBridges assisted MSA in negotiating deal terms and completing the sale.

“MSA has done an exemplary job of building and maintaining strong relationships with customers and vendors,” said FourBridges Managing Director Chris Rowe. “FourBridges was able to take advantage of the company’s solid industry reputation as we positioned the company’s blood plasma division for a sale. We enjoyed the opportunity to work with MSA’s management team, and we were happy to help them close a deal that accomplished their corporate objectives.”



New Hamilton County Businesses

Here are the new businesses from the County Clerk's office: ADVENTURE SPORTS INNOVATION LLC PATRICK J MOLLOY 1100 MARKET ST STE 600 CHATTANOOGA TN 374012 ALEX SCOTT ALEXANDER  SCOTT 810 FEDERAL ST B CHATTANOOGA TN 37405 ALLSTAR TECHNOLOGIES, LLC DANIEL  BASLER 4211 TENNESSEE AVE CHATTANOOGA TN 37409 AMP UP CONSULTING ... (click for more)

Gas Prices Rise .9 Cents In Chattanooga

Average retail gasoline prices in Chattanooga have risen 0.9 cents per gallon in the past week, averaging $2.25 per gallon on Sunday, according to GasBuddy's daily survey of 170 gas outlets in Chattanooga. This compares with the national average that has not moved in the last week to $2.53/g, according to gasoline price website GasBuddy.com. Including the change in gas prices ... (click for more)

Woman Who Took Truck Driver's Blood At Tragic Wreck Scene: "It Was Like Nothing Had Happened"

The woman who took a blood draw from a Kentucky truck driver who had just wrecked and claimed six lives said, "I was thrown by his demeanor. It was like nothing had happened." Lisa Martin told a jury from Nashville on Monday afternoon that Benjamin Scott Brewer kept asking when he could go home. Brewer was eventually allowed to leave, but was later charged and is facing trial ... (click for more)

Haslam Announces "Agressive, Comprehensive Plan" To End Tennessee's Opioid Epidemic

Joined by leadership from the House and Senate and Chief Justice Jeff Bivins, Tennessee Governor Bill Haslam on Monday announced an aggressive and comprehensive plan to end the opioid epidemic in Tennessee by focusing on three major components: prevention, treatment and law enforcement. TN Together is a multi-faceted initiative that addresses the issue of opioid addiction through ... (click for more)

General Bell: This Government Shutdown Is Outrageous - And Response (2)

The day before yesterday two Army Apache Attack Helicopter pilots were killed in a crash during training at Fort Irwin, Ca.  The pilots and their unit were preparing for a future deployment to combat operations.    As a result of the government shutdown, none of the spouses or families of these pilots will receive a dime from the United States Government in immediate ... (click for more)

Roy Exum: Rebranding & ‘Culture’

My grandfather, who ran several very successful businesses, was a very astute fellow. I can’t tell you how many times he said, “The worst thing any salesman who calls on a business can say is, ‘I am here to save you some money.’ That’s not true -- In every instance they are in front of you hoping to make some money for themselves, else they would have never come by.” Another ... (click for more)