CSAT Solutions Holdings, LLC, a portfolio company of Texas-based private equity firm Insight Equity Holdings, LLC, has acquired USOC BioMedical, LLC.
Founded in 2010, USOC provides medical device repair services, equipment, and parts sales, as well as leasing solutions for OEMs, hospitals, and medical equipment management companies. USOC specializes in patient monitors, modules, telemetry, CO2 modules, infusion pumps, and an array of other modalities. Located in Irvine, Calif., USOC operates throughout the United States and Canada through a depot repair model.
“We are excited to partner with USOC and further expand into the medical device industry,” says Paul McCutcheon, president of CSAT Medical. “This combination marks a new chapter for CSAT, and we will continue our tradition of providing best-in-class service to our customers.”
Ali Youssef, CEO of USOC, also spoke out about the acquisition, commenting: “Joining forces with CSAT will help USOC expand its geographic footprint, modalities, and customer base. More importantly, CSAT’s technical knowledge, logistical expertise, and customer-centric culture are a great match for USOC.”
Warren Bonham, partner and chief operating officer at Insight Equity, adds that the acquisition will also benefit his company. “Ali and his team have built a market-leading platform that provides mission-critical products and services to some of the top hospital systems and healthcare operations in North America,” Bonham says. “Together, we will deliver a differentiated value proposition for the medical device industry with over 2,100 associates.”