NEW YORK–(BUSINESS WIRE)–MGG Investment Group LP (“MGG”) today announced that it has made a debt and equity investment to support Access & Integrated Practice Holdings’ acquisition of United Medical Systems Inc. (“UMS”), a national provider of premier transportable and in-house urology solutions to hospitals, surgery centers, and offices. Terms of the transaction were not disclosed.
Founded in 1988, UMS provides the highest quality shared healthcare service programs for urology. Partnering with physicians and medical facilities nationwide, UMS consistently delivers advanced technologies and cost-efficient solutions spanning MR/US fusion biopsies, lithotripsy, and laser lithotripsy. UMS has performed more than one million procedures in over 1,400 facilities across the United States.
Access & Integrated Practice Holdings is a comprehensive mobile medical services platform formed by MGG in 2022 following its investment in Sightpath Medical (“Sightpath”), a leading provider of mobile ophthalmic services for cataract and refractive surgery. Under the Access & Integrated Practice Holdings umbrella, UMS and Sightpath will retain their respective brands and continue to be led by their existing management teams.
Kevin Griffin, Chief Executive Officer and Chief Investment Officer of MGG, said, “UMS has established a strong reputation in the medical community for integrity, patient focus, and clinical and operational excellence. We are pleased to support the company’s continued growth while benefitting from economies of scale given our complementary investment in Sightpath.”
Michael Martin, President and Chief Executive Officer of UMS, said, “Physicians everywhere rely on UMS to perform critical urology procedures that protect patients’ health and enhance their lives. Working with the MGG and Sightpath teams, we look forward to leveraging additional financial and operational resources and best practices that will enable us to build upon our leadership position as the definitive urology services partner of choice.”
Joel Gaslin, President and Chief Executive Officer of Sightpath, said, “MGG has been a tremendous partner to our business, and through this transaction, we are excited to bring together two industry pioneers with compatible capabilities and aligned missions of delivering the highest quality shared healthcare service programs and equipment.”
Houlihan Lokey served as financial advisor to UMS.
About MGG Investment Group LP
Founded in 2014, MGG is a private investment firm that provides bespoke investment solutions to mid-size and growing lower-middle market companies. MGG works with owners and management teams to help build lasting value, address immediate needs, and solve complex situations while seeking to generate attractive risk-adjusted returns for investors irrespective of and through market cycles. For more information, visit mgginv.com.
About United Medical Systems
United Medical Systems (UMS) provides advanced mobile urology services to hospitals, surgery centers and offices across the country. UMS’s unique transportable platform offers the appearance of a full-time, in-house program, without incurring the cost and burden associated with a fixed program. The company’s proficient clinical and service teams promote and ensure a superior experience for patients, physicians and medical facility staff. To learn more, please visit our website at www.ums-usa.com.
About Sightpath Medical
Sightpath Medical is the leading U.S. provider of mobile ophthalmic services for cataract, refractive and laser-assisted surgery. Working alongside more than 1,200 surgeons and the staffs of their surgical facilities for more than 30 years, Sightpath Medical is the market-leading choice for surgeons, ASCs, and hospitals due to its proven ability to deliver the staff, equipment, and supplies wherever and whenever they are needed – regardless of geography. To learn more, please visit our website at www.sightpathmedical.com.
Nathaniel Garnick/Sam Fisher
Gasthalter & Co.