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.”


HHM Expands To Memphis, Merges With Brundige Payne & Company

Chattanooga based certified public accounting firm,    Henderson Hutcherson & McCullough, PLLC begins implementing its growth plan by announcing the merger with Brundige Payne & Company, PC effective Aug.   1. The combined company will operate as HHM Memphis and will move ... (click for more)

Textile Corporation Of America To Create 1,000 New Jobs In Pikeville

Tennessee Governor Bill Haslam, Department of Economic and Community Development Commissioner Bob Rolfe, and Textile Corporation of America Inc. officials on Monday announced the company will locate its headquarters and manufacturing facility in Pikeville.  Textile Corporation of America will invest approximately $27.1 million and create 1,000 new jobs in Bledsoe ... (click for more)

Lookout Mountain, Tn., As Hall Tax Evaporates, Raises Property Tax By 14 Cents; Parking Rates, Fines Raised

With the Hall tax dwindling, the Lookout Mountain, Tn., Commission on Tuesday night approved a 14-cent property tax increase.   The July meeting of the commission had been postponed until Tuesday so the amount of Hall state income tax that the town will receive for 2107 would be known before setting the property tax rate and finalizing the 2018 budget. The Hall tax makes ... (click for more)

1 Person Killed In Single-Vehicle Wreck On Birchwood Pike

One person was killed in a wreck on Birchwood Pike on Monday night.   At approximately  9:20 p.m. , Hamilton County Sheriff's Office deputies responded to the 11500 block of Birchwood Pike for the report of a single-vehicle crash. Upon arrival, deputies found the driver of the vehicle deceased. No one else was in the vehicle.  ... (click for more)

Dr. Livesay Should Step Down From Bryan College Leadership - And Response (4)

I am writing in response to the July 25th article, "Online Petition Seeks Removal of Bryan College President, Board Chair".  As a graduate of Bryan College (1984), I am saddened by the response of Dr. Stephen Livesay and the Board of Trustees regarding the online petition.  The purpose of the petition really has little to do with the school’s “clarification” of its ... (click for more)

Roy Exum: ‘No Sir -- It Stays Here’

To any of the millions who have served the United States on the field of combat, the most hallowed and prized distinction is our nation’s Medal of Honor. It is never given, it is always earned before it is ever awarded.  At least that’s the way it was up until a sun-splashed Wednesday three weeks ago in Vicenza, Italy. There is an Army base there that houses the 173 rd Airborne ... (click for more)