The InterMed Group
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The InterMed Group - overview
Established
1996
Location
Alachua, FL, US
Primary Industry
Healthcare
About
Based in the US, InterMed Group, Inc. specializes in Healthcare Technology Management, delivering tailored services for healthcare providers to enhance operational efficiency and regulatory compliance in medical equipment management. InterMed Group, Inc. focuses on Healthcare Technology Management, providing solutions for healthcare providers.
Founded in 1996 and headquartered in Alachua, US, the company has undergone strategic shifts to enhance its service offerings. The current CEO is Rick Staab. In January 2023, the company was acquired by Cressey & Company and Health Enterprise Partners from Granite Bridge Partners, although financial terms were not disclosed. The company has completed a total of 3 deals, with the most recent deal occurring on 2023-01-05.
InterMed specializes in Healthcare Technology Management (HTM), offering comprehensive medical equipment planning, asset management, and regulatory compliance services that target the entire equipment life cycle. They serve a diverse array of healthcare facilities, from hospitals to outpatient clinics, providing customized solutions to improve operational challenges. Their services span multiple geographical markets, especially in the Southeastern United States, ensuring wide accessibility for clients. InterMed's revenue model is based on service agreements and maintenance contracts, fostering long-term relationships with clients.
Transactions typically occur through direct contracts with healthcare organizations, including subscriptions for ongoing support and one-time fees for specific projects or equipment sales. Their offerings include full-service maintenance, preventive maintenance plans, and tailored cooperative agreements, such as comprehensive imaging services and equipment sales involving their flagship JumpTeams™ for rapid technician deployment. Following the acquisition in January 2023, InterMed Group, Inc. aims to enhance its solutions and capacity to support healthcare institutions and hospitals.
The company has plans to expand its services into new geographic regions, focusing particularly on increasing its footprint in underserved areas across the United States. The recent acquisition funding will facilitate these growth initiatives, bolster their service offerings, and strengthen their market presence.
Current Investors
Cressey & Company, Health Enterprise Partners
Primary Industry
Healthcare
Sub Industries
Facilities & Maintenance Services, Diagnostic, Medical & Imaging Laboratories, Medical Equipment Distributors
Website
www.intermed1.com
Verticals
HealthTech
Company Stage
Mature
Total Amount Raised
Subscriber access only
The InterMed Group - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Buyout | Completed | The InterMed Group | - | ||||||||
| Add-on | Completed | Modern Biomedical & Imaging, Inc. | - | ||||||||
| Add-on | Completed | Sigma Imaging Technologies, Inc. | - | ||||||||
| Add-on | Completed | Horizon CSA LLC | - | ||||||||
| Secondary Buyout | Completed | The InterMed Group | - |
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