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TMCNet:  Intrepid Investment Bankers LLC Completes Successful Cross Border Transaction in Healthcare Sector

[December 03, 2012]

Intrepid Investment Bankers LLC Completes Successful Cross Border Transaction in Healthcare Sector

LOS ANGELES --(Business Wire)--

Intrepid Investment Bankers LLC ("Intrepid"), a leading middle market investment banking firm, today announced the sale of the Medical Supply division of A-Med Health Care ("A-Med") to Byram Healthcare Centers, Inc. ("Byram"), a wholly owned subsidiary of Mediq NV ("Mediq"). Intrepid acted as the exclusive financial advisor to A-Med in connection with the Medical Supply division sale.

Founded in 1982 and headquartered in Huntington Beach, California, A-Med is one of the leading distributors of incontinence and urology supplies in the California market serving Medicare, Medicaid / Medi-Cal and managed care patients. Intrepid previously represented A-Med in the sale of its Specialty Pharmacy division in June 2012.

Mediq is an international company delivering medical devices, pharmaceuticals and related care services. Mediq delivers via three channels: direct to people's homes (Direct), to professional customers such as hospitals, nursing homes and GPs (Institutional) and via Mediq Pharmacies. Mediq operates in 15 countries. Its head office is located in Utrecht, the Netherlands. Mediq operates in the U.S. through its Byram Healthcare subsidiary. The acquisition of A-Med will establish Byram into a leading provider of medical supplies in the California home care market.

Gary Rabishaw, Managing Director of Intrepid, commented, "We are pleased to complete a second transaction with A-Med this year following the sale of A-Med's specialty pharmacy division to Modern Healthcare in June. The sale of the Medical Supply division is the successful culmination of a strategy designed to maximize liquidity for A-Med's shareholders while ensuring that A-Med's businesses continue to flourish under new ownership." Ed Bagdasarian, Managing Director of Intrepid, added, "The sale to Byram resulted from a selective process to identify the best partner to continue the legacy of service that A-Med built over three decades in California. We found this partner in Mediq, which shares A-Med's patient-centric culture and commitment to growth."

"We are looking forward to becoming part of the Byram family of companies under the ownership of Mediq. There are many cultural similarities between the companies and we are very excited about what this combination will bring to our employees and patient population that we serve," said Larry Thacker, President and CEO of A-Med. "We are grateful to the Intrepid team for the insight, advice and hands-on management that they brought to our process. Their ability to guide us through two complex strategic sales delivered the results that we were looking for."

The Intrepid transaction team included Ed Bagdasarian, Gary Rabishaw, Jeremiah Mann, Shahriar Attaie and Chris Neils.

About Intrepid Investment Bankers LLC

Intrepid Investment Bankers LLC, based in Los Angeles, California, is a mergers and acquisitions and corporate finance advisory firm focused on the middle-market. Intrepid was founded in 2010 by the former principals of Barrington Associates, a firm that grew to become a leading national middle market M&A advisor before its acquisition by Wells Fargo (News - Alert) in 2006. Intrepid's services include M&A advisory, equity and debt capital raising and providing strategic advice in complex securities transactions. The firm focuses on the middle market corporate finance needs of entrepreneur and family-owned businesses, private equity sponsors and major corporations. Collectively, the senior team at Intrepid brings over 100 years of mergers and acquisitions advisory experience and has advised on over 250 transactions spanning a broad range of industries, including consumer products and services, industrial manufacturing, healthcare products and services, building products, business services and retail. Intrepid Investment Bankers LLC augments its international capabilities by partnering with M&A International Inc., an exclusive global alliance of independent middle-market mergers and acquisitions advisory firms. www.intrepidib.com Member FINRA/SIPC.


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