MedBridge Healthcare Completes Merger With Sleep Services of America

LOS ANGELES, CA--(Marketwired - March 08, 2016) - Vicente Capital Partners announced today that its portfolio company MedBridge Healthcare, a leader in the field of sleep disorder diagnosis and treatment, completed a merger with Sleep Services of America (SSA), a wholly-owned subsidiary of the Johns Hopkins Health System. John Mathias, President of SSA, will join the MedBridge Healthcare senior management team while continuing to lead SSA as an operating subsidiary of MedBridge Healthcare.

This transaction brings together two of the most well-respected sleep services companies in the United States. SSA currently operates locations in Maryland, New York, Georgia, North Carolina, and the District of Columbia. MedBridge Healthcare and SSA, collectively, provide more than 60,000 diagnostic sleep studies per year, serving patients from over 140 locations in 21 states and the District of Columbia. 

Matt Mellott, President of MedBridge Healthcare stated, "Both MedBridge Healthcare and Sleep Services of America have strong reputations for putting patients first and providing the highest quality clinical services for their clients. Together, we will provide innovative patient care solutions and combine best practices to better serve the increasing population of those suffering from sleep disorders."

"Johns Hopkins Medicine is committed to SSA and to the advancement of the diagnosis and treatment of sleep disorders," stated Mark Shaver, Vice President of Business Development and Strategic Alliances for Johns Hopkins Medicine. "The combined company will continue to focus on the development of innovative programs to improve the health of the communities and health systems that SSA serves." As a result of the transaction, Johns Hopkins will become a minority shareholder of MedBridge Healthcare. Mark Shaver and Daniel Smith, President and CEO of Johns Hopkins Home Care Group, will join MedBridge Healthcare's Board of Directors.

"We are thrilled about the merger between MedBridge and SSA," said Klaus Koch, Managing Partner of Vicente Capital Partners and Chairman of the Board of MedBridge Healthcare. "The businesses complement each other very well and this transaction solidifies MedBridge's position as one of the largest healthcare platforms in the sleep disorder and CPAP therapy market."