LOS ANGELES, CA — Private investment firm Pacific Avenue Capital Partners, LLC (“Pacific Avenue”), announces the acquisition of the Long Beach facility and assets of Novo Health Services. The facility specializes in surgical pack processing and client-owned instrument sterilization. The Acquisition was a proprietary purchase directly from Novo Health Services.
Alongside the acquisition and in partnership with Novo Healthcare Systems, Pacific Avenue is excited to announce the appointment of Jennifer Greisen as President of SPSA. Jennifer Greisen is a veteran of the medical device industry with more than 18 years of experience in the field with a focus in sales and business development. Her previous experience as Director of Regional Sales and Operations at Novo Health Services will build the foundation for a seamless transition at the Long Beach facility.
Chris Sznewajs, Co-Founder and Managing Partner at Pacific Avenue, stated, “The Formation of SPSA is another milestone for Pacific Avenue Capital Partners and a wonderful opportunity to exercise our team’s healthcare services expertise. This acquisition from NOVO Health Services serves to highlight our team’s proficiency in corporate carveouts and special situations, and we are excited to build a relationship with Novo Health Services.”
About Pacific Avenue Capital Partners
Founded in 2017 by Chris Sznewajs, Pacific Avenue Capital Partners (“Pacific Avenue”) is a Los Angeles-based private equity firm focused on corporate divestitures and other special situations in the middle market. Pacific’s senior team has closed over 50 transactions, including 25 carve-outs, across a multitude of industries, and our M&A and operations experience allows us to navigate complex transactions and unlock value through operational improvement, capital investment while accelerating growth. Through our collaborative approach, we partner with strong management teams and industry operators to drive strategic change and capture transformational upside. For more information, please visit www.pacificavenuecapital.com
About NOVO Health Services
Novo Health Services is a healthcare services company that provides linen management and surgical fabric sterilizations. Using state-of-the-art technology and patented RFID tracking processes, Novo health Services has provided healthcare solutions to a broad range of customers across the United States.