Northfield Medical, a portfolio company of Frazier Healthcare Partners, has been Acquired by Agiliti Health

April 28, 2021

Cain Brothers, a division of KeyBanc Capital Markets served as sell-side advisor to Northfield Medical, highlighting Cain Brothers’ deep expertise in the medical products and device space.

Northfield Medical provides medical device repair and maintenance services to over 3,000 hospitals and ambulatory surgical centers across the United States. Created in 2017 through the merger of 4 medical device repair companies and based in Novi, MI, the Company operates out of 8 national repair centers and 15 regional repair labs across the United States.

Founded in 1991, Frazier Healthcare Partners is a private equity firm based in Seattle, WA focused on healthcare investments. With over $4.8 billion in capital raised, Frazier has invested in over 200 companies.

Headquartered in Minneapolis, MN, Agiliti Health is a leading provider of healthcare technology management and service solutions to the healthcare industry. Agiliti owns or manages more than 800,000 units of medical equipment for approximately 7,000 hospitals across the United States.

Thomas H. Lee Partners is a private equity firm based in Boston, MA, with over $26 billion of assets under management. The firm invests across four sectors: Consumer, Financial Services, Healthcare and Technology & Business Solutions.

For more information, please contact:

John V. Soden

Managing Director
(415) 962-2922
jsoden@cainbrothers.com

John Kerins

Managing Director
(212) 981-6891
jkerins@cainbrothers.com

David Morlock

Managing Director
Co-Head of Health Systems M&A
(312) 604-0575
dmorlock@cainbrothers.com

Sean Trail

Vice President
(312) 360-3883
sean.trail@cainbrothers.com