Midmark Corporation Has Acquired Versus Technology, Inc.
May 26, 2016
Midmark Corporation (“Midmark”), a leader in workflow solutions for outpatient settings, has completed its previously announced acquisition of Versus Technology, Inc. (“Versus”), a leader in Real-time Locating Systems (RTLS) for healthcare. Financial details of the transaction were not disclosed.
The combination of Midmark and Versus will create a unique offering of clinical workflow solutions. These solutions encompass clinical workflow services, RTLS technology, medical equipment, diagnostic devices and design assistance, resulting in improved efficiency within health systems. The addition of Versus RTLS technology will give Midmark the ability to provide customers improved, data-driven decision making when developing these processes within health systems.
Midmark retained Cain Brothers as its exclusive financial advisor to pursue the acquisition of Versus. Cain Brothers assisted Midmark throughout the acquisition process, including, but not limited to, acquisition strategy, valuation, due diligence and transaction structuring.