Wednesday, February 21, 2018

Real Time Search

Swisslog Buys Charleston-Based Sabal Medical Inc.

Carolina Headlines - Medical Devices/Tech

BUCHS/AARAU Switzerland – By acquiring Charleston, South Carolina-based Sabal Medical Inc., Swisslog strengthens its market position as a leading provider of a complete suite of systems and services that optimizes the total medication management supply chain in hospitals. Sabal’s main product, a mobile drug cabinet, will become an integral component of Swisslog’s Automated Drug Management Systems (ADMS) product portfolio. The purchase price for Sabal Medical Inc. amounts to CHF 8.7 million (US$ 9 million).

“As hospitals look for solutions that increase the level of patient care while improving the efficiency of the supply chain, Swisslog is excellently positioned to meet this need,” notes Remo Brunschwiler, CEO of Swisslog. “Our ADMS business has been an area of continuous growth. The acquisition of Sabal Medical is an important step forward in reaching our goal of becoming a leader in automated drug management solutions within the acute care hospital segment.”

Swisslog’s other drug management products include PillPick, BoxPicker, ATP High-Speed Packager, Pick-to-Light Shelving, and Inventory Management Software. Collectively, these pharmacy automation solutions streamline and optimize the operations of both in-patient and out-patient hospital pharmacies. From the packaging of bulk medications to storage and dispensing, Swisslog’s products help hospitals reduce medication errors while improving the speed and efficiency of the drug supply chain.

Sabal Medical’s mobile drug cabinet is lighter, more maneuverable and stores more drugs than any COW (computer-on-wheels) on the market. It is designed to reduce the medication retrieval and delivery burden of nurses.

“All day, everyday nurses are required to obtain medications and supplies from multiple locations throughout a hospital,” Charlie Kegley, President of Swisslog Healthcare Solutions North America, explains. “Studies have shown that all this walking adds up to an average of six miles per day of wasted time and distractions, lessening the amount of personal care patients receive. Nurse interruptions are well-known contributors to medical errors. Our new product reduces those interruptions while providing a mobile and secure platform for medication administration.”

Sabal Medical Inc., located in Daniel Island (Charleston), is a company founded in 2007 that has been developing innovative products for the healthcare industry. It was backed by an international investment syndicate led by Nexus Medical Partners (using equity capital from the state of South Carolina) and which also included Medicis Capital GmbH (Munich) and SC Launch!.

About Swisslog
Swisslog is a global provider of integrated logistics solutions for warehouses, distribution centers and hospitals. Its comprehensive services portfolio ranges from building complex warehouses and distribution centers to implementing Swisslog's own software to intra-company logistics solutions for hospitals.

Swisslog’s solutions optimize customers’ production, logistics and distribution processes in order to increase flexibility, responsiveness and quality of service while minimizing logistics costs. With years of experience in the development and implementation of integrated logistics solutions, Swisslog provides the expertise that customers in more than 50 countries around the world rely on.

Headquartered in Buchs/Aarau, Switzerland, Swisslog currently employs over 2 000 staff in 20 countries worldwide. The group’s parent company, Swisslog Holding AG, is listed on the SIX Swiss Exchange (security number: 1232462, Telekurs: SLOG, Reuters: SLOG.S). For more information, visit www.swisslog.com

About Nexus Medical Partners
Nexus is a leading private equity firm focused on emerging medical companies in North America and Europe. It has offices in Quincy, Massachusetts and Charleston, South Carolina.

For more information, please visit www.nexusmp.com

Market Watch


Ads on: Special HTML

Login Form