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.”



DEML Opens Counseling Practice

Gloria Deml, PH.D, ME.D, BSN of Chattanooga announces the opening of her counselling practice.  She is a 2007 graduate of the National Christian Counselor Association in Sarasota, Fl. and a 2016 graduate from Winchester School of Christian Counseling and Seminary.  Dr. Deml additionally holds a BSN in nursing from the University of Maryland and a master’s in education ... (click for more)

Chattanooga Chamber Calendar Of Events Nov. 20-24

TUESDAY, NOVEMBER 21 Red Bank Council Meeting 12:00-1:00 p.m. Red Bank Community Center: Tom Weathers Drive, behind Erlanger North Speaker: Senator Bo Watson Meetings cost $10. .............................. .............................. .............................. .... (click for more)

3 People Shot Early Saturday Morning; 1 Is Killed; 2 Victims Are Known Gang Members

Ladarius Cross, 28, Terrance Careathers, 26, and a juvenile were shot early Saturday morning. Cross was killed.   Chattanooga Police responded to a motor vehicle crash at 5:16 a.m. in the 1400 block of Roanoke Avenue.   Upon arrival, Chattanooga Police Officers located the single vehicle crash with two people suffering for apparent gunshot wounds. The driver, ... (click for more)

CSAS Teacher Who Was Once Reported Missing Facing DUI Charge

A teacher at Chattanooga School for the Arts and Sciences, who recently was reported missing and then was spotted, has now been arrested. John Albert Eaton, 44, was arrested Sunday in Red Bank on a DUI charge. He gave his address as 9580 Sweet Gum Lane, Soddy Daisy. Eaton's wife had reported him missing after she said he told her he was going to the school on a Sunday afternoon ... (click for more)

Signal Mountain Should Be Problem Solvers Around The City

Re: Roy Exum’s “Stay, Signal Mountain, Stay”  Well this article is something to think about. I think the split could go either way, and Signal Mountain schools would still flourish, as they have done for the past several years. What I'm worried about is why Signal Mountain has not yet had the guts to go be problem solvers at Howard, or Tyner, or Central. Why do ... (click for more)

Roy Exum: America’s ‘Shush’ Fund

Michael Reagan, the son of one of our nation’s greatest presidents, wrote a wonderful op-ed piece on Sunday that explained why he believes the women who have stepped forward to allege they were once abused by Judge Roy Moore. He wrote that when he, a political consultant, is asked why the women waited 40 years to bring up the charges, “I tell them I didn’t reveal my sexual abuse ... (click for more)