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New Deal


Announced

NOVO Health Services to merge with Paris Healthcare Linen Services.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Medical Services

Majority

Pending

uniform rental

United States

Merger

Friendly

healthcare services

Private

Single Bidder

industrial laundering

Acquisition

Synopsis

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NOVO Health Services, a provider of healthcare linen services and reusable surgical solutions, agreed to merge with Paris Healthcare Linen Services, independent healthcare, and industrial laundering and uniform rental services company. Financial terms were not disclosed. Combined, the new NOVO Health Services will operate seven HLAC or TRSA hygienically clean processing facilities in the Eastern US. Additionally, through its SRI Surgical business unit, NOVO will work three sterile processing facilities providing reusable surgical gowns, sheets, and other textile products and stainless basins to the industry. "This merger brings together the best of two regional leaders in the market to form a strong and sustainable company that can continue to grow. We are pleased with the agreement and look forward to leading this industry for years to come," Peter Farrell, Tuckahoe Managing Partner.

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