New Credit Facility Will Support Company’s Strategic Growth Initiatives in Healthcare Services Industry
Chicago — January 2014 — Madison Street Capital (MSC) acted as lead financial advisor to Vital Care Industries (Vital Care), a leading manufacturer and distributor of sterile operating room equipment drapes, super solidifier, sterilization packaging and sterile assurance products since 1984, in establishing a new credit facility with BMO Harris Bank. The announcement was made by Charles Botchway, CEO of Madison Street Capital, and the transaction was led by Reginald McGaugh, Senior Managing Director at MSC. Terms of the deal were not disclosed.
“We are extremely pleased with Madison Street Capital as we continue to evaluate significant growth and acquisition opportunities,” said Henry Johnson, Chairman & CEO of Vital Care Industries. “We look forward to evaluating strategic acquisition opportunities and the new LOC is an initial step to accommodate significant growth initiatives. We truly appreciate the team at Madison Street Capital, specifically Reginald McGaugh, for the process and strategic advisory services.”
“We evaluated several potential senior lenders for Vital Care and we are confident BMO Harris Bank is the right partner to support their growth and acquisition plans,” said Reginald McGaugh. “We look forward to assisting Vital Care Industries in pursuing strategic acquisition opportunities in the healthcare services space.”
About Vital Care Industries:
Vital Care Reps., Inc. was founded in 1984 as a certified Women Owned Minority Business specialty distributor, located in Tinley Park, Illinois. In 1996 Vital Care began manufacturing Sterile OR Equipment Drapes to protect operating room equipment such as C-Arms, Surgical Microscopes, Video Cameras, Lasers and X Ray Cassettes. As the recipient of multiple national sole source contracts, Vital Care provides product to over 2,500 hospitals and 1,500 surgery centers throughout the United States. For more information, please visit www.vitalcarereps.com.
About BMO Harris Bank:
Established in 1882 as Harris Bank, and owned by BMO Financial Group (TSX, NYSE: BMO) since 1984, BMO Harris Bank has grown to become one of the largest banks in the Midwest serving personal, commercial and affluent customers. For more information, please visit www.bmoharris.com.
About Madison Street Capital, LLC:
Madison Street Capital, is an international investment banking firm committed to integrity, excellence, leadership and service in delivering corporate financial advisory services, merger and acquisition expertise, financial opinions, and valuation services to publicly and privately held businesses. These services position our clients to succeed in the global marketplace. In undertaking each new project, the client’s goals and objectives become ours, ranging from financial advisory and successful capital raises to M&A transactions to transfers of ownership. Madison Street Capital views emerging markets as the core component driving the global growth of our clients, and will continue to focus significant assets on these markets. Our firm has earned the trust of clients around the world through our unwavering dedication to the highest levels of professional standards. For additional information, please call us at 312-529-7000 or visit our website at www.madisonstreetcapital.com. For more information call us 312 529 7000 or visit our website at: www.madisonstreetcapital.com.