Med XS Solutions, Inc. has acquired the assets of the GAR Division of Neoforma.com, Inc., a medical equipment broker and asset manager. EdgePoint served as the exclusive buy-side advisor to Med XS. EdgePoint led negotiations with the seller, structured debt and equity, assisted management with business vision and systems, and enabled MedXS to successfully purchase the assets from a public company.
Founded in 1993, Med XS participates in the highly fragmented used medical equipment market providing asset management services to hospitals, auction services to sellers, and brokerage services to buyers.
The GAR Division of Neoforma had a dominant market position in the medical equipment auction market.
EdgePoint is a leading investment banking firm focused on providing lower and middle market business owners with merger and acquisition advisory services.