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LAKELAND, Fl-Vanguard medical Concepts, Inc. has announced that it has received a multimillion-dollar investment fro RoundTable Healthcare Partners-a private equity buyout firm focused on companies in healthcare.
RoundTable will provide industry relationships and resources to accelerate Vanguard's research and development program and other expansion plans.
President and CEO of Vanguard Charles Masek says the business agreement will help his company continue leading the reprocessing industry.
"This partnership presents very exciting opportunities for Vanguard. RoundTable will bring additional leadership ad industry relationships to the reprocessing industry. Ultimately, this association will allow Vanguard to serve the patient at the highest level by providing the resources in research, product development, services, and marketing needed to build on our position as a world-class medical device reprocessor," he said.
The arrangement comes at an important time for the healthcare industry. With new regulations from the US Food and Drug Administration (FDA) concerning medical device reprocessing, hospitals are finding it difficult to find the resources they need to meet the heightened guidelines.
Additionally, Vanguard has signed non-binding letters of intent with both Allegiance Healthcare Corp., and Owens and Minor Inc.,--two of the largest medical and surgical suppliers nationally.
For more information about the partnership, log onto: www.safe-reuse.com