Chicago, IL, December 16, 2022 – AA Medical, a provider of sustainable solutions to both the new and resale medical device equipment, is pleased to announce it has completed a partnership with Certified Endoscopy Products (“Certified Endoscopy”), a leading Chicago-based medical device reprocessing company specialized in endoscopic instruments. Together, AA Medical and Certified Endoscopy form the preeminent medical device reprocessing company serving the endoscopy, orthopedic, and other surgical device end markets.
AA Medical partnered with Shore Capital Partners (“Shore” or “Shore Capital”), a Chicago-based private equity firm focused on microcap investing, in April 2022 to build a technology-driven medical equipment platform. AA Medical works with physicians in over 100 countries and has grown into one of the largest and most respected aftermarket equipment companies in endoscopy, orthopedics, and other specialties.
Certified Endoscopy was founded by Michael (“Mike”) Cole and John Fuller in 2015 to provide high-quality surgical equipment at affordable prices to customers worldwide. Mr. Cole and Mr. Fuller are veterans in the medical device industry, with over 45 years of combined experience. Certified serves thousands of customers in over 80 countries today from the Company’s Chicago warehouse.
“We are incredibly excited to announce our partnership with Certified Endoscopy and jointly work towards our goal of connecting the world with life-sustaining medical equipment,” said Mr. Nelson, AA Medical’s CEO.
Mr. Cole, Co-Founder of Certified, said, “We look forward to uniting two of the leading companies within surgical device reprocessing. We believe our joint platform can revolutionize the third-party medical equipment market and ensure physicians have the equipment necessary to provide their patients with the best possible outcomes.”
“Certified and AA Medical have competed as peers for several years and united together, we believe we possess the scale and market knowledge to drive transformational growth for our businesses,” said Mr. Plantz, AA Medical’s founder
The relationship between the Certified and AA Medical teams dates back to Mr. Plantz and Mr. Fuller’s shared beginnings at Stryker. Before founding Certified Endoscopy, Mr. Cole was a leader at AA Medical and worked closely alongside the current AA Medical team.
Mr. Fuller, Co-Founder of Certified, said, “Our organizations have a lot to learn from each other to drive even faster growth for our companies and better service for our customers.”
AA Medical and Shore believe there is an opportunity to build a strong and diversified medical reprocessing company together through new industry partnerships, business development, and further investment in the company’s products and team. Don Pierce, Partner at Shore Capital and Board Member of AA Medical, said, “Shore is proud to partner with John, Mike, and the Certified Endoscopy family. We have built a strong relationship with John and Mike over the past year and believe Certified built an excellent business focused on serving their customers’ needs.”
About Shore Capital Partners
Shore Capital, a Chicago-based private equity firm with offices in Nashville, is focused on microcap investments within the Healthcare, Food and Beverage, Business Services, and Real Estate industries. Shore supports management partners with capital, business development expertise, and industry knowledge to accelerate growth, fund acquisitions, and generate value for shareholders. Shore targets investments in proven, successful private companies with superior management teams, stable cash flow, and significant growth potential, including organic growth and growth through industry consolidation. Shore has approximately $3 billion of cumulative capital commitments through various investment vehicles. For more information, please visit: www.shorecp.com.
About Certified Endoscopy
Certified Endoscopy is a medical device reprocessing company based in Schiller Park, Illinois, with a concentration in endoscopy equipment for the visualization, arthroscopic, laparoscopic, and other surgical end markets. Founded in 2015, Certified serves thousands of customers in over 80 companies and has built a reputation as one of the world’s largest suppliers of reprocessed endoscopy equipment. For more information, please visit www.certifiedendoscopy.com.
About AA Medical
AA Medical has provided sustainable solutions to both the new and resale medical equipment markets since 2012, concentrating on endoscopic, orthopedic, and other surgical devices. As a critical partner in cost containment, AA Medical helps medical facilities unlock residual value from unneeded equipment while providing reprocessed equipment that otherwise would be prohibitively expensive to purchase new to small, rural, specialty, and international medical facilities. For more information, please visit www.aamedicalstore.com.
Contacts
Shore Capital Partners
Jordan Niezelski, Edelman
AA Medical
(708) 479-0062