Avista Capital Partners, a prominent private equity firm, announced a significant investment in MedServe, Inc. in October 2006, signaling a major move to consolidate the medical waste management industry. This strategic investment of up to $50 million by Avista Partners aimed to fuel MedServe’s ambitious plan to unify small operators across the nation, creating a robust national platform in a sector experiencing consistent growth. MedServe, based in Houston, Texas, offers crucial services including medical waste removal, destruction, and comprehensive environmental solutions for a wide array of healthcare providers, from hospitals and clinics to individual doctors’ offices.
MedServe distinguishes itself within the competitive medical waste landscape through its innovative proprietary mobile processing technology. This unique approach provides an alternative to the conventional and often cumbersome process of collection, transfer, hauling, treatment, and disposal. Unlike other national competitors, MedServe’s ability to offer both onsite processing and centralized collection positions them as a versatile and efficient partner for healthcare facilities seeking streamlined and compliant waste management solutions. This dual capability underscores the strategic advantage that attracted Avista Partners to invest in MedServe.
The formation of MedServe in 2005 through the merger of Med-Shred, Inc., and Enserv LLC, two established leaders in medical waste solutions, laid a strong foundation for this ambitious undertaking. The company is expertly led by Roger Ramsey, formerly Chairman and CEO of Med-Shred, and Mike Fields, previously Chairman and CEO of Enserv. This leadership team brings unparalleled experience, being one of only two in the industry with a proven track record of managing a multi-state organization exceeding $35 million in revenue. The depth of industry knowledge and operational expertise within MedServe’s management was a key factor in Avista Partners’ decision to invest.
Steve Webster, Co-Managing Partner at Avista Capital Partners, articulated the firm’s enthusiasm for this venture, stating, “MedServe’s full-service offering to its healthcare client base is the most complete in the industry. Avista is excited to work with this very experienced management team to build a national platform in this growing industry.” This quote highlights Avista Partners’ strategic focus on partnering with strong management teams to drive growth and consolidation within promising sectors.
Roger Ramsey, CEO of MedServe, also expressed optimism about the partnership, noting, “We look forward to a very successful and collaborative partnership with Avista as we continue to grow our business. Avista’s extensive experience in the consolidation of fragmented industries, both as operators and as investors, will be a great asset to us as we pursue our acquisition strategy.” This statement emphasizes the mutual benefit of the partnership, leveraging Avista Partners’ financial strength and consolidation expertise to accelerate MedServe’s expansion.
Avista Capital Partners’ investment in MedServe represents a strategic alignment of resources and vision, poised to reshape the medical waste management industry. By backing a company with a proven track record, innovative technology, and experienced leadership, Avista Partners demonstrates its commitment to fostering growth and creating value within the healthcare sector. This move underscores Avista Partners’ reputation for identifying and supporting companies with the potential to become national leaders in their respective fields.
About MedServe
MedServe Inc., operating through its Med-Shred and Enserv subsidiaries, is headquartered in Houston, TX. The company provides services to hospitals and various medical waste generators across the Southern, Southeastern, and Midwestern United States. For more information, visit www.medserveinc.com.
About Avista Capital Partners
Avista Capital Partners, established in 2005, is a private equity firm with offices in New York, NY, and Houston, TX. Avista focuses on making controlling or influential minority investments in growth-oriented companies across media, healthcare, and energy sectors. Avista Partners aims to collaborate with exceptional management teams to enhance well-positioned businesses. Further details can be found at www.avistacap.com.
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