Pacific Medical LLC in San Juan Capistrano was bought by Jordan Health Products in Chicago on undisclosed terms.
Pacific Medical sells new and used, and repairs and refurbishes, patient monitoring equipment and to hospitals and surgery centers.
Jordan Health Products is an investment fund that buys medical equipment companies and is part of Chicago private equity firm Jordan Industries International LLC.
The firm buys companies in fragmented industries, with strong management teams and between $2 million and $10 million in earnings before interest, taxes, depreciation and amortization. It tends to hold companies long-term and has bought more than 100 since 1988, according to its website.
Jordan Health Products’ purchase of Pacific Medical is its fifth acquisition; it’s bought companies that sell and rent medical equipment to hospitals and companies serving the medical imaging and oncology markets.
A press release said Jordan Health aims to work in “the complete lifecycle of medical, surgical and diagnostic imaging equipment, including sales, [installation], service, repair, sourcing and refurbishing” globally and that it plans to buy more companies.
