DUBLIN, Ohio , May 14, 2024
/PRNewswire/ -- Cardio Partners, Inc., a division of Sarnova, HC
LLC, and a leading provider of emergency readiness solutions, has
finalized its acquisition of One Beat Medical & Training, LLC
(One Beat), a renowned distributor
of automated external defibrillators (AEDs), accessories and CPR
training services across the nation. The deal, completed on
May 14, 2024, marks a significant
expansion in the availability of sudden cardiac arrest (SCA)
preparedness solutions to customers throughout the country.
One Beat is
eager to join with Cardio Partners to deliver an even broader range
of SCA solutions and training.
Headquartered in Miramar, FL,
One Beat brings with it a portfolio
of trusted cardiac response brands, including One Beat Medical,
American AED, Altra Medical and LifeSure. By joining forces with
Cardio Partners, the combined entity is poised to offer an even
broader range of SCA solutions, training programs, and services
catering to both professional and bystander first responder
markets.
The joining of Cardio Partners and One
Beat marks an important milestone towards the mission of
both companies. Niraj Patel,
President of Cardio Partners at Sarnova, highlighted the
significance of this collaboration, stating, "The integration of
these companies boosts our collective capabilities and dramatically
strengthens our ability to reach, support and empower organizations
and individuals to respond in emergencies. I look forward to
working with Lawrence Franchetti and
his team to propel our shared mission of improving sudden cardiac
arrest survival rates and saving lives in the communities we
serve."
"The One Beat team is eager to join hands with Cardio Partners
to deliver a more robust set of solutions for our customers. With
our combined expertise, resources, and incredible teams, we are
confident this partnership will transform the industry," said
Lawrence Franchetti, CEO of
One Beat.
Patrick Greene, Manager of One
Beat AS LLC, expressed enthusiasm about the merger, emphasizing the
shared commitment to customer service excellence. Greene remarked,
"The One Beat team is excited to join forces with Cardio Partners,
a like-minded organization dedicated to enhancing customer
experience. This union strengthens our collective ability to
promote SCA preparedness in communities and workplaces throughout
the United States."
Backed by substantial investment from Sarnova and its parent
company Patricia Industries, Cardio Partners is poised for further
expansion, both in operations and customer reach. Brian LaDuke, CEO of Sarnova, expressed his
anticipation for the future, stating, "We are thrilled to unite
these two organizations, advancing our commitment to SCA
preparedness, CPR training and AED program management
services."
Yuriy Prilutskiy, Co-Head of
Patricia Industries, echoed this sentiment, affirming the
organization's dedication to supporting Cardio Partners and Sarnova
in their mission. Prilutskiy emphasized, "This transaction
underscores our long-term vision for Sarnova's growth and our
commitment to creating sustainable value for individuals and
society alike by fostering easier access to health and safety
solutions."
Simpson Thacher & Bartlett LLP acted as legal counsel to
Cardio Partners in the transaction.
About Cardio Partners
Cardio Partners is a national
provider of emergency preparedness solutions for public access. We
offer a proven and complete suite of products and services
including employee CPR training, AED deployments and AED program
management to help organizations of all sizes be heart safe. Cardio
Partners is part of Sarnova, a family of companies, which lead
specialty distribution of healthcare products across the continuum
of care. For more information, visit www.cardiopartners.com
About Sarnova
Sarnova is the leading national
specialty distributor of healthcare products in the emergency
medical services (EMS) and acute care markets. The company is
comprised of four major business units: Bound Tree Medical, Cardio
Partners, Digitech and Tri-anim Health Services. Sarnova is a
company of Patricia Industries, a part of Investor AB, which makes
significant investments in best-in-class companies with strong
market positions, brands and corporate cultures. For more
information, visit www.sarnova.com
About Patricia Industries
Patricia Industries, a part
of Investor AB, makes control investments in leading companies with
strong market positions, brands and corporate cultures within
industries positioned for secular growth. Our ambition is to be the
sole owner of our companies, together with strong management teams
and boards. We invest with an indefinite holding period and focus
on building sustainable value. For more information, visit
www.patriciaindustries.com
About One Beat
One Beat
Medical & Training is one of the largest distributors of
defibrillators and accessories in the
United States. One Beat
offers an expansive line of AED products and accessories, with an
experienced sales team equipped to help the consumer select the
products and services that best suits their needs. One Beat is also South
Florida's leading American Heart Association (AHA), American
Safety Health Institute (ASHI), and American Red Cross (ARC)
authorized training facility. For more information, visit
www.onebeatmedical.com
Cardio Partners Media Contact:
Lisa Gonzalez
Director of Marketing
615.657.7255
Lisa.Gonzalez@cardiopartners.com
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SOURCE Sarnova