Schryver Medical, a Portfolio Company of Revelstoke Capital Partners, Completes Acquisitions of Professional Clinical Laboratory, Inc.

Schryver Medical Sales and Marketing, LLC (“Schryver”), a portfolio company of Revelstoke Capital Partners (“Revelstoke”), a Denver-based private equity firm, has completed the acquisition of Professional Clinical Laboratory, Inc. (“ProLab”). The acquisition bolsters Schryver’s presence in the Texas market, where it began offering services last December following the acquisition of Community Portable X-Ray and MetroStat Clinical Laboratory / MetroStat Diagnostic Services.

Schryver, headquartered in Denver, Colorado, is a JCAHO accredited provider of mobile imaging diagnostics, clinical laboratory services, oxygen therapy and durable medical equipment rental. Schryver serves nearly 4,000 long term post-acute facilities, assisted-living centers, and skilled nursing facilities, as well as numerous homecare patients. Schryver’s significant value proposition and service line diversity have resulted in long term customer relationships and a superior brand reputation. Since Revelstoke’s investment in Schryver, the company has completed seven acquisitions, with ProLab following Schryver’s January 2015 acquisition of Nashville-based Quality Mobile X-Ray, its July 2015 acquisitions of Main Street Clinical Laboratories, On-Site Imaging Services, and B.O.N. Clinical Laboratories, and its December 2015 acquisitions of Community Portable X-Ray and MetroStat Clinical Laboratory / MetroStat Diagnostic Services.

Based in Fort Worth, Texas, ProLab is a provider of clinical laboratory services with locations in Texas, Oklahoma, Alabama, and Mississippi. Founded over 15 years ago, ProLab collects, transports and processes lab samples 24/7 in order to provide nurses and physicians diagnostic information. ProLab provides real-time online access to lab results and its laboratories are COLA-accredited and equipped with state-of-the-art instruments and information systems.

“We are excited to deepen our operations in the Texas and surrounding markets,” said Doug Goetz, CEO of Schryver. “Adding ProLab’s considerable resources allows us to better serve our current and new customers in Texas by improving our response times and ensuring the highest quality diagnostic services to our customers. This transaction serves as an important step in our continued effort to bring Schryver’s superior medical diagnostic services to this rapidly expanding industry across the U.S.”

“The Schryver management team continues to execute on its strategy of becoming a leading national provider through a disciplined buy and build approach,” commented Mark King, CEO, Managing Partner and Co-Founder of Revelstoke. “Schryver has now completed seven acquisitions since our investment expanding the company's reach into 17 states.”

Perkins Coie LLP and Winston & Strawn LLP acted as legal advisors to Schryver.

About Schryver:

Based in Denver, Colorado, and employing over 1,000 professionals, Schryver is a leading provider of mobile imaging, clinical laboratory, and oxygen therapy equipment outsourcing across seventeen U.S. states serving the long term care market, hospitals, assisted-living centers, and homecare patients.

www.schryvermedical.com

About Revelstoke:

Revelstoke is a private equity firm formed by experienced investors who focus on building industry-leading companies. Revelstoke strives to partner with management teams to execute on a disciplined organic and acquisition strategy to build exceptional companies. Revelstoke’s Managing Partners, Mark King, Dale Meyer and Simon Bachleda, have completed nearly 120 platform and add-on acquisitions, representing over $6 billion of total enterprise value.

www.revelstokecp.com

Contacts
Revelstoke Capital Partners
Mark King, 303-953-5100
Managing Partner
Simon Bachleda, 303-953-3098
Managing Partner
Dale Meyer, 303-953-3094
Managing Partner

Schryver Medical to Provide Diagnostic Imaging Services to Florida DOC Inmates

As part of its comprehensive healthcare services offering to state inmates, Centurion has partnered with Schryver Medical, LLC, to provide diagnostic imaging (x-ray, CAT scan, MRI, ultrasound, and mammography services) to inmates covered by the contract at over fifty locations in Regions 1, 2, and 3.  Schryver currently provides diagnostic services for Centurion patients in its Tennessee and Mississippi corrections contracts.

"Our extensive and many years of experience serving the corrections populations with high quality imaging services has prepared us well to assist Centurion in its critical responsibilities in Florida.  We are very pleased to expand Schryver’s imaging services to Centurion's new relationship with the state of Florida.  We view this as another opportunity to bring our unique talents to the communities we serve,” said Greg Ward, a spokesman for Schryver Medical.

Ward added that “to better ensure continuity of inmate patient care, Schryver Medical intends to retain as many qualified current employees of the former imaging contractor as possible.”

Schryver Medical, headquartered in Denver, Colorado, with services in eighteen states, is a JCAHO accredited provider of mobile imaging diagnostics, clinical laboratory services, oxygen therapy and durable medical equipment rental.  Schryver serves nearly 3,000 post-acute care facilities, as well as thousands of inmates in Departments of Corrections in Tennessee, Mississippi, Washington State, Arizona, New Mexico, Colorado, and numerous county jail facilities.  In operation for over 25 years, Schryver is one of the largest mobile imaging and laboratory diagnostics providers in the US.

 

About Schryver Medical:

Based in Denver, Colorado, with regional offices in Nashville, TN, Phoenix, AZ, and Seattle, WA, and employing over 1,200 professionals, Schryver is a leading provider of mobile imaging, clinical laboratory, and oxygen therapy equipment in 18 states serving the hospital, post-acute care, and corrections markets.  www.schryvermedical.com

 

Contact:
Greg Ward, R.T. (R)
(866) 373-9729
(615) 391-4515 x241

Schryver Medical, a Portfolio Company of Revelstoke Capital Partners, Completes Acquisition of Main Street Clinical Laboratory, Inc. and On-Site Imaging Solutions, Inc.

Denver, CO (July 20, 2015) – Schryver Medical Sales and Marketing, LLC (“Schryver”), a portfolio company of Revelstoke Capital Partners (“Revelstoke”), a Denver-based private equity firm, has completed the acquisitions of Main Street Clinical Laboratory, Inc. (“Main Street”) and On-Site Imaging Solutions, Inc. (“On-Site”). 

Schryver Medical, a Portfolio Company of Revelstoke Capital Partners, Completes Acquisition of B.O.N. Clinical Laboratories, Ltd. / Allstate Investment Realty, Inc.

Schryver, headquartered in Denver, Colorado, is a JCAHO accredited provider of mobile imaging diagnostics, clinical laboratory services, oxygen therapy and durable medical equipment rental. Schryver serves nearly 3,000 long term post-acute facilities, assisted-living centers, and skilled nursing facilities, as well as numerous homecare patients. Schryver’s significant value proposition and service line diversity have resulted in long term customer relationships and a superior brand reputation. This acquisition marks the fourth since January 2015 and is Schryver’s first acquisition on the West Coast.