Avesi Partners Invests in Medical Solutions Provider New Age Medical

Private equity firm Avesi Partners has announced an investment in New Age Medical, a company that operates as a hub for medical technology solutions within the spinal surgery market. The investment is intended to support New Age Medical's plans for national expansion, entry into new specialties, and growth through acquisitions.

Headquartered in St. Louis, Missouri, New Age Medical acts as a central link between medical device manufacturers, hospitals and ambulatory surgery centers, surgeons, and medical device sales representatives. The company collaborates nationwide with over 85 original equipment manufacturers (OEMs), 100 representatives, 200 hospitals/ASCs, and 350 surgeons. New Age Medical's model aims to simplify the supply chain and facilitate vendor consolidation for hospitals and ASCs, while providing surgeons and patients with the latest products from manufacturers.

Kevin Bly, Founder and CEO of New Age Medical, stated that Avesi shares the company's conviction in durable growth resulting from serving all stakeholders. "With Avesi's commitment and resources behind us, we can extend access to leading products to more surgeons, facilities, representatives, and ultimately more patients across the country," Bly said.

Pete Tedesco, Managing Director at Avesi Partners, highlighted the firm's focus on innovative businesses that help healthcare facilities deliver high standards of care and reduce administrative burdens. "New Age delivers this value to its stakeholders and operates in a large, growing market with significant expansion potential," Tedesco noted. The investment is intended to support New Age Medical's expansion into new specialties and markets.