Southern Anesthesia + Surgical to be acquired by Henry Schein, Inc.
Chicago, Illinois, February 20, 2017 – Beecken Petty O’Keefe & Company, a leading Chicago-based private equity management firm focused exclusively on the healthcare industry, today announced that it has entered into an agreement to sell its Fund III portfolio company, Southern Anesthesia + Surgical (SAS), a U.S. distributor of pharmaceutical and surgical supplies to oral health professionals who provide sedation related dental and surgical procedures. SAS offers controlled and non-controlled pharmaceuticals and surgical supplies to approximately 11,500 customers and had 2016 sales of approximately $72 million.
The agreement is subject to regulatory approval and is expected to close in the second quarter of 2017. SAS will become part of ACE Surgical Supply Co., Inc., a subsidiary of Henry Schein, Inc. (NASDAQ GS: HSIC). Financial terms of the transaction were not disclosed.
With headquarters in West Columbia, South Carolina, and warehouse and customer service facilities in Reno, Nevada, and Tulsa, Oklahoma, SAS will continue to be led by its current management team, including President and Chief Executive Officer Bill Alexander.