Gemspring Capital Management, a middle-market private equity firm, is pleased to announce that an affiliate has acquired a majority interest in Zavation Medical Products.
Zavation designs and manufactures a comprehensive portfolio of spinal hardware and biologics that provide medical solutions to improve and enhance quality of life for patients around the world. The Company serves nearly 400 hospitals and ambulatory surgical centers through a network of over 300 distributors and approximately 100 employees. Since its founding in 2012, Zavation has developed into a vertically integrated manufacturer with a differentiated product portfolio and unparalleled customer service, resulting in a tremendous growth trajectory and attractive cash flow characteristics. The Company is based in Flowood, Mississippi and has an additional facility in Tampa, Florida.
Zavation's management team, led by President and CEO Jeffrey Johnson, will continue to lead the business and made a significant investment in the Company alongside Gemspring. Jeffrey commented: "We are excited by this investment and partnership with Gemspring. We share a common focus on supporting our surgeons and distributors with high-quality products and industry-leading customer service. We believe Gemspring's expertise, resources, and capital will help us reach the next stage of growth."
Source: Zavation Medical Products