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02/28/2008
Contact:
For RockWood Equity Partners LLC
Brett R. Keith
(212) 218-8284
H. Josef Merrill
(216) 378-9326
FOR IMMEDIATE RELEASE
ROCKWOOD EQUITY PARTNERS ASSISTS JOHNS CREEK PARTNERS
IN THE ACQUISTION OF MEDICAL POSITIONING, INC
NEW YORK AND CLEVELAND, February 12, 2008 - RockWood Equity Partners ("RockWood") has served as lead investor for search fund Johns Creek Partners ("JCP") in its partnership with Medical Positioning, Inc. ("MPI"), a leading medical device manufacturer of patented specialty surfaces. The transaction will provide additional capital and management resources to support MPI's growth initiatives. As part of the partnership, Ruben Salinas, an operator with significant medical products experience and principal of JCP, will join MPI's senior management team.
Located in Kansas City, MO, MPI manufactures and sells patented specialty surfaces designed to improve diagnostic imaging and patient outcomes in cardiology, radiology and mammography. The Company's products enable hospitals and physicians to significantly improve the quality of the images they obtain from their ultrasound and x-ray equipment. Additionally, MPI's products help reduce repetitive strain injuries which can be costly and can seriously impair the health and productivity of imaging technicians.
"We are excited to partner with the senior management at MPI and Ruben Salinas," said H. Josef Merrill, of RockWood, "Under the leadership of Martin Smoler, MPI has become a leading manufacturer of diagnostic imaging surfaces in the US. Given health and demographic trends in this country, we believe the business is particularly well-positioned for sustained growth. The partnership between MPI and Ruben Salinas of JCP is a synergistic relationship that will assist in further building MPI's product and service offering which will benefit all of the Company's customers."
Founded in 1999, RockWood Equity Partners is a private equity firm that specializes in the acquisition of lower middle market companies based in North America with revenues between $10 million and $100 million. Since 1999, RockWood has completed over twenty investments in partnership with family ownership, management and/or other deal sponsors.
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