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Harris Williams Advises Canadian Hospital Specialties on its Sale to Flexpoint Ford
Thursday 22 April 2021

US-based investment bank Harris Williams advised Canadian medical products maker Canadian Hospital Specialties, Ltd., a portfolio company of Cortec Group Fund V, L.P., on its sale to Flexpoint Ford, LLC, the bank said.

CHS is a manufacturer, marketer and distributor of single-use and other medical products to Canadian healthcare facilities.

The transaction was led by Paul Hepper, Cheairs Porter, Charles Busch and Bethel Hailemichael of the Harris Williams Healthcare and Life Sciences Group and Graham Gillam of the firm's Specialty Distribution Group.

CHS, established in 1967, is a privately held company located in Oakville, Ontario that serves customers in the acute hospital and non-acute healthcare space in Canada and internationally.

CHS provides self-manufactured products (Med-RX brand) and third-party represented products across categories including respiratory, anesthesia, perfusion, interventional, biopsy, drainage, diagnostic imaging, pharmacy and general medical.

The Med-RX line is produced in Oakville, Ontario and is predominantly single use, disposable trays and kits used in a range of procedures such as IV starts, feeding, biopsy and thoracic drainage.

All products are serviced out of three distribution facilities located in Oakville, Ontario and Vancouver, British Columbia.

Founded in 1984, Cortec invests in market-leading, middle market specialty consumer, distribution, healthcare, and specialty services and products businesses in partnership with entrepreneurs, families and management teams who want to work with Cortec to drive growth and improve business fundamentals.

Flexpoint Ford is a private equity investment firm that has raised more than USD 4.3bn in capital and specializes in privately negotiated investments in the financial services and healthcare industries.

Since the firm's formation in 2005, Flexpoint Ford has completed investments in more than 30 companies across a range of investment sizes, structures and asset classes. Flexpoint Ford is headquartered in Chicago with additional offices in New York.

Harris Williams, an investment bank specializing in M and A advisory services, advocates for sellers and buyers of companies worldwide through critical milestones and provides thoughtful advice during the lives of their businesses.

Harris Williams is a subsidiary of the US-based PNC Financial Services Group, Inc. (NYSE: PNC).
Date Published: 22/04/2021