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Madison Street Capital Arranges Facility for Vital Care Industries

Date: Jan 06, 2014 @ 07:55 AM
Filed Under: Manufacturing

Madison Street Capital (MSC) acted as lead financial advisor to Vital Care Industries (Vital Care), a leading manufacturer and distributor of sterile operating room equipment drapes, super solidifier, sterilization packaging and sterile assurance products since 1984, in establishing a new credit facility with BMO Harris Bank. The announcement was made by Charles Botchway, CEO of Madison Street Capital, and the transaction was led by Reginald McGaugh, Senior Managing Director at MSC. Terms of the deal were not disclosed.

"We are extremely pleased with Madison Street Capital as we continue to evaluate significant growth and acquisition opportunities,” said Henry Johnson, Chairman & CEO of Vital Care Industries. “We look forward to evaluating strategic acquisition opportunities and the new LOC is an initial step to accommodate significant growth initiatives. We truly appreciate the team at Madison Street Capital, specifically Reginald McGaugh, for the process and strategic advisory services.”

“We evaluated several potential senior lenders for Vital Care and we are confident BMO Harris Bank is the right partner to support their growth and acquisition plans,” said Reginald McGaugh. “We look forward to assisting Vital Care Industries in pursuing strategic acquisition opportunities in the healthcare services space.”

Vital Care Reps., Inc. was founded in 1984 as a certified Women Owned Minority Business specialty distributor, located in Tinley Park, Illinois. In 1996 Vital Care began manufacturing Sterile OR Equipment Drapes to protect operating room equipment such as C-Arms, Surgical Microscopes, Video Cameras, Lasers and X Ray Cassettes. As the recipient of multiple national sole source contracts, Vital Care provides product to over 2,500 hospitals and 1,500 surgery centers throughout the United States.

Madison Street Capital, is an international investment banking firm committed to integrity, excellence, leadership and service in delivering corporate financial advisory services, merger and acquisition expertise, financial opinions, and valuation services to publicly and privately held businesses.

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