The continued uncertainty and risk the healthcare industry will face in 2018 will motivate healthcare organizations to boost their efficiency across functions. Medical Device Distributors have not only been tasked with finding thousands of products, but now must find manufacturers that are capable of manufacturing more than one type/style of product to boost productivity and help reduce costing in this competitive market.
Nurse Assist, Inc. built its business based on our customer needs. While we were founded on fall management devices, we have evolved into a multiple category manufacturer per our clients’ needs. The product lines offered by Nurse Assist, Inc. are: Saline Wound Flush, Saline and Water for irrigation, Prefilled Syringes (Saline, Water & Lube Jelly), Fall Management Systems/Devices, Enteral Feeding Syringes, Urology Syringes Kits & Trays, Monopolar & Bipolar electrosurgical cables, Tracheostomy Holders and Care Kits, Ear ulcer Syringes, & Bulk Products.
We found that our “Value with Volume Program” has been the key difference in our distributors winning big business.
If you would like to explore all the product lines Nurse Assist has to offer, please contact us at [email protected]
Nurse Assist, Inc.
GREENWICH, Conn., July 18, 2018 /PRNewswire/ — Tower Three Partners (“Tower Three”), a leading operationally-oriented private equity firm that invests in a concentrated portfolio of U.S.-based middle market companies, today announced that it has made a controlling investment in Nurse Assist, LLC (“Nurse Assist” or the “Company”), a privately-held, certified and FDA-registered manufacturer of medical devices and products that help improve the quality of care and life for patients. In connection with the investment, Kevin Seifert has assumed the role of Chief Executive Officer of Nurse Assist. Nurse Assist’s founder and previous CEO, Kevin Kile, will remain on the Company’s Board of Directors.
Founded in 1999 and headquartered in Haltom City, Texas, Nurse Assist is a fully-integrated medical device manufacturer focused on providing the highest quality of products and services to patients across the world. With superior quality, low-cost and consistent manufacturing capabilities, Nurse Assist has established itself as an innovative leader in the production of United States Pharmacopeia (USP) sterile water and normal saline. The Company’s products currently extend to four principal categories of medical devices, including USP water and saline and infusion care products, convenience kits, interconnecting cables and patient safety. With significant investment in automation and product development and an established platform in the dynamic and emerging pre-filled syringe market, the Company is well-positioned to meet the needs of its customers in the expanding senior population and continue on its trajectory of growth and strong performance.
Kevin Seifert, Chief Executive Officer of Nurse Assist, said, “As Nurse Assist continues to expand its operations and gain market share as a full-service provider of leading and trusted medical devices, including our USP sterile water and saline pre-filled syringe business, we will work aggressively to scale our business and expand distribution while leveraging our strong customer relationships and product development capabilities. With a loyal customer base, best-in-class manufacturing and an experienced management team, our fully-integrated business is uniquely positioned to capture the compelling infusion care product and patient care market opportunities ahead.”
Kevin Kile said, “We are thrilled to partner with Tower Three as Nurse Assist enters its next phase of growth servicing multiple high-volume, fast-growth markets. With automated production and in-house capabilities to maintain high capacity and quality, Nurse Assist is built on integrated manufacturing, from concept and design to validation and verification. I am confident our stakeholders – including customers, patients and employees – will benefit from Tower Three’s experience and expertise in helping companies broaden their infrastructure, strengthen operations and create greater scale as Nurse Assist continues to increase capacity and drive growth.”
William D. Forrest, Managing Partner of Tower Three, said, “We see enormous long-term potential in Nurse Assist and believe this is the ideal time to facilitate accelerated growth of a proven business. With this investment, Tower Three will leverage our deep operational experience and capital to help Nurse Assist build on its existing market position and further establish itself as a leading medical device provider. With Tower Three’s support, we are confident that Nurse Assist’s outstanding management team, led by Kevin Seifert, will capitalize on the Company’s tremendous market opportunities and continue to drive growth and profitability across the business.”
Terms of the transaction, which was completed in June 2018, were not disclosed.
About Kevin Seifert
Kevin Seifert is a leading innovator in the medical device industry with more than 20 years of operational experience in global healthcare. He most recently led Tower Three Medical, the healthcare-focused investment initiative of Tower Three Partners, and served on the Board of Directors of Facet Technologies, an FDA-certified engineering and manufacturing company specializing in the development of intuitive hand-held medical devices. Mr. Seifert previously served as Global President of Valleylab, Covidien’s electrosurgical platform, and Global President of Becton, Dickinson’s Consumer Healthcare division, where he oversaw all global functions for diabetes products and ACE bandage products. Prior to that, he was President of Terumo Medical Care Products North America. Earlier in his career, he was the Vice President of Marketing and Sales and Investor Relations for Bio-Plexus Inc., a medical device manufacturer. Mr. Seifert received his Bachelors of Science degree in Marketing from University of Southern New Hampshire and holds multiple medical device patents.
About Tower Three Partners
Tower Three Partners is a leading operationally-oriented private equity firm that invests in a concentrated portfolio of U.S.-based middle market companies. With long-term committed capital from major institutional investors and a senior management team that collectively has decades of experience revitalizing businesses, the firm targets equity investments of $50M to $150M that provide a catalyst for growth.
Tower Three Partners works collaboratively with the management teams of its portfolio companies to prioritize and implement transformative changes in operations, strategy, growth and/or capital structure to significantly improve business performance. Its professionals are experienced in operational improvement, revenue acceleration and mergers & acquisitions. The firm has invested in a range of businesses, including retail, consumer, healthcare, automotive and telecommunications.
For more information, visit our website at www.towerthreepartners.com or call 203-485-5800.
About Nurse Assist
Founded in 1999, Nurse Assist is a certified, FDA-registered manufacturer of medical devices and products that help improve the quality of care and life for patients. The company has established itself as a leader in the production of United States Pharmacopeia (USP) sterile water and normal saline, and its products extend to four principal categories of medical devices: USP water and saline and infusion care products, convenience kits, interconnecting cables and patient safety. Nurse Assist operates a fully-integrated, 131,200 square foot production facility at its headquarters in Haltom City, Texas.
For more information, visit our website at http://www.nurseassist.com/ or call 800-649-6800.
How to prevent falls in healthcare facilities is a key question caregivers are asking to in an effort reduce hospital readmissions.
Since falls are cited by hospital admissions administrators as the number one reason for readmission, this critical concern merits more attention for you and your loved one. According to AARP, “One third of adults 65 and older fall once a year.” That is a number we would like to see drastically reduced.
One of Nurse Assist’s founding products, the “Fall Watch,” has been an industry leader in doing just that. We found that preventing vs. reacting has been the difference maker. The Fall Watch II is a straight forward design that uses wireless digital technology to alert when a patient is starting to position themselves to get out of bed. It works independently from the normal nurse call system; however, it can work in conjunction with it too, if desired.
If you would like more details on how our system can help your facility reduce falls, please contact us at [email protected].
Nurse Assist, Inc.
Nurse Assist, Inc. was once told at a meeting that, “ In this business, pennies are the size of man hole covers!” Over the past 19 years we have implemented programs that allowed distributors and facilities to utilize our fall management program products without any capital expenditure. We have implemented cost reductions on products to help combat rising prices to patients. Our distributors asked for new pricing structures, so we created the “Double V” program, Value with Volume. The list goes on and on with programs that we have created in an effort to achieve a common goal of going beyond the extra mile for our clients and their customers. If you would like more details on our programs, please let us know.
Nurse Assist, Inc.
For most companies, establishing strong, mutually beneficial, long-term relationships with strategic supplier relationship management is a critical step in improving performance across the supply chain, generating greater cost efficiency and enabling the business to grow and develop.
With this in mind, look at the top 6 reasons why Nurse Assist believes it is paramount to create a long-term relationship with manufacturers in the medical device arena:
- Reduced Cost
- Increased efficiency and communication
- Pricing volatility mitigation
- Supply Chain Consolidation
- Built-in Trust
- Continual Improvement
If you are looking for a long term -term relationship with a medical device manufacturer, please come partner with Nurse Assist. We are here to help you solve all of the issues listed above by offering you a handshake, a high-quality product, & a trusted partner that knows the value you bring to us.
Nurse Assist, Inc.
Since 1999 Nurse Assist, Inc. has partnered with 500+ customers. Over 85% of those customers are still with us today. We pride ourselves on our ability to be flexible and understand the customers’ needs. In the last five years we have implemented several programs to assist our customers, such as EDI ordering software abilities, e-commerce purchasing, technical support, In-servicing (on-site), and product knowledge/education marketing material. In addition to our monthly/quarterly business reviews with many of our distributors, the programs and resources we currently offer have allowed many of our partners to have several years of double digit growth. If you would like more information regarding our programs and resources, please contact us so that we can assist you.
Nurse Assist, Inc.
Nurse Assist has been a Medical Device manufacturer since 1999, with a specialty in water and saline products (irrigation solutions, prefilled syringes, wound flushes, etc.) In the 18+ years of manufacturing the highest quality products, Nurse Assist has always maintained one of its core values… Patient Safety.
As many of you know, there has been a need for another manufacturer to step up in a large way when it comes to the “saline” prefilled market. The allocations and backorders of injectable saline has plagued the industry for 4+ years. When we first evaluated the product and made it an internal project, we knew the importance it would have on the medical industry, not just in the sense of helping to put some relief on the current manufacturers, but because our valuable distributor partners urged us to do so.
To help a fast-growing market (estimated growth 2015-2020 CAGR 20.2%), we have developed a highly automated and vertically integrated system for our IV Flush Syringes that follows the strictest USP standards. Since the product release in January of 2017 Nurse Assist has been a new and upcoming strategic partner to many large distributors worldwide. “Nurse Assist has been extremely reliable and cost competitive in a growing market!” said one of our current distributors.
If you need a quote for your current IV Flush business or you would like to add this product to your growing portfolio, we would love to discuss the opportunities.
Nurse Assist, Inc. is proud to announce
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Our company has recently experienced an increased number of calls from dental products distributors/manufacturers inquiring about our sterile water and saline products. The two main concerns expressed are 1) availability of product, and 2) interest in switching from distilled water to sterile water.
1) Allocation has been an industry-wide problem that distributors have been dealing with for the past few years; however at Nurse Assist, we have actually increased our production capacity to meet these new demands and more.
Immediate benefits to you:
• Protection from the effects of allocation, boosting your customer retention.
2) interest in switching from distilled water to sterile water
• Distilled water is water turned into clean steam vapor which is condensed and then passed through an organic filter.
• Sterile water is water that goes through an advanced multistage United States Pharmacopeia (USP) process and meets the strict standards listed in the USP monograph. This advanced multistage process is a true water purification system using Reverse Osmosis (RO) in addition to seven other steps that include Gamma Sterilization, not just a water treatment process.
Immediate benefits to you:
• Higher standard of care for the health and safety of patients.
Would you or your customers benefit from our sterile water/normal saline products? Here at Nurse Assist we want to be a valuable partner to companies aiming for the highest standard of customer satisfaction and striving to grow their business. Call us today.
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