Shore Capital Partners completed a partnership with AA Medical, a provider of sustainable solutions to both the new and resale medical device equipment markets.
AA Medical, based in Mokena, Illinois, was founded in 2012 by Ron Plantz, the company’s president, to help doctors and surgeons across the world access high quality pre-owned medical equipment at an affordable price. AA Medical partners with equipment manufacturers, banks, and medical facilities to buy pre-owned equipment, unlocking the residual value to help facilities maximize resources to improve patient care and optimize clinical asset purchases.
AA Medical works with physicians in over 100 countries and has grown as a key aftermarket equipment company in endoscopy, orthopedics, and other specialties. The management team at AA Medical has over 50 years of combined experience in the medical device industry, led by Plantz and CEO Matt Nelson.
Shore Capital, a Chicago-based private equity firm, is focused on microcap investments within healthcare and other industries.
“We are excited to announce our partnership with Shore Capital and utilize their expertise working with businesses of our size, wide network, and extensive resources to expedite our next phase of growth,” says Plantz. “In conjunction with Shore, Matt and I look forward to continuing to provide excellent service and products to our customers.”
To support AA Medical’s growth, Shore has assembled a Board of Directors led by Don Pierce, partner at Shore Capital.
“Shore is proud to partner with Ron, Matt, and the entire AA Medical family. AA Medical has maintained their dedication to excellence in supplying high quality medical equipment to customers across the world,” says Pierce. “We are well-positioned to build on AA Medical’s reputation as an industry leader through both acquisitions and organic growth.”
AA Medical and Shore believe there is an opportunity to build a strong and diversified medical reprocessing company together through new industry partnerships, business development and further investment in the company’s products and team.
“I have high confidence that, with Shore, we can continue to revolutionize the third-party medical equipment market,” says Nelson. “We are excited to work together to further our vision of increasing worldwide access to affordable, high-quality healthcare.”
