MIP, Inc.

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MIP, Inc. - overview

Established

1977

Location

Montreal, QC, Canada

Primary Industry

Medical Devices & Equipment

About

MIP, Inc. is a healthcare textile company specializing in high-quality, reusable products that enhance operational efficiency and patient care in healthcare facilities worldwide. Founded in 1977, MIP, Inc. is based in Montreal, Canada, and focuses on producing reusable healthcare textiles.


The company has engaged in 2 significant deals since its inception. The current CEOs are Dean Johnson and Peyton Mccool. MIP Inc. specializes in the production and distribution of high-quality, reusable healthcare textile products designed to enhance operational efficiency in the healthcare sector.


Their core offerings include a range of linens, textiles for patient care, and specialized products such as Perpetua Bedspreads, which have garnered attention for their innovative design and functionality. These products aim to provide comfort, reliability, and quality to healthcare facilities, benefiting both the staff and patients. MIP's clientele includes hospitals, nursing homes, and other healthcare institutions across 53 countries, highlighting their international presence in markets such as North America, Europe, and specific regions in Asia. The company is committed to supporting the needs of frontline healthcare workers by supplying essential textiles that contribute to improved patient experiences and care outcomes.


MIP Inc. operates on a business-to-business (B2B) model, primarily engaging with healthcare facilities that require consistent and reliable access to reusable textile products. The company structures its transactions through direct sales to clients, which may include customized contracts and bulk purchasing agreements tailored to the specific needs of healthcare providers. Transactions may involve flagship products, such as their proprietary Perpetua Bedspreads, forming a critical part of their offering.


MIP's pricing strategies are designed to be competitive within the healthcare textile market, ensuring that customers receive cost-effective solutions without compromising quality. The company's emphasis on service and support through experienced sales consultants further enhances its customer relationships and operational effectiveness. MIP, Inc. aims to enhance its product line with new innovative healthcare textiles set to launch in the upcoming year.


The company also plans to expand its operations into emerging markets in Asia and Africa by 2025. The recent acquisition by Normandy Capital Investment will provide the necessary resources to support these initiatives.


Current Investors

NCI, Banyan Capital Partners

Primary Industry

Medical Devices & Equipment

Sub Industries

Medical Supplies

Website

www.mipinc.info

Verticals

Manufacturing

Company Stage

Mature - Buyout

Total Amount Raised

Subscriber access only

MIP, Inc. - deals

Deals TypeDeal StatusTarget (s)Deal DateInvestor(s)Seller(s)Deal size (Mn)Enterprise value (Mn)Post-money valuation (Mn)EBITDA multiple (x)Revenue multiple (x)Lead partner (s)
Add-onCompletedCromptons Healthcare Ltd-
BuyoutCompletedMIP, Inc.-
BuyoutCompletedMIP, Inc.-

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MIP, Inc. - employee data

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