Capsa Solutions (“Capsa”), a portfolio company of Keystone Capital and a leading provider of mobile computing carts, medical carts, and medication management systems to the healthcare industry, is pleased to announce the completion of its acquisition of Newell Rubbermaid Inc.’s Healthcare Division. (“RHC”). RHC provides technology-enabled products including mobile computing carts, medication carts, and wall-mounted IT workstations to healthcare facilities worldwide. The acquisition marks Keystone Capital’s sixth successful corporate carve-out.
The acquisition of RHC is the Capsa’s fourth acquisition in the last eight years, and brings together two leaders in the healthcare IT and computing industry. RHC’s position has been built on their suite of premium healthcare computing products and reputation for unmatched customer service, which is highly complementary to Capsa’s existing product portfolio and equally outstanding customer service. Combined, Capsa now offers the broadest product suite in the industry, and the addition builds on Capsa’s unique ability to provide tailored computing technology solutions to acute care and long-term care partners worldwide.
“We are thrilled to welcome Rubbermaid Healthcare’s exceptional people and products to Capsa Solutions,” said Capsa Solutions CEO Andrew Sherrill. “Our recent growth has been focused on adding line and brand extensions thoughtfully, and always with the ever-evolving needs of our acute care and long-term care partners at the forefront of the process. We’ve done that here, and are very pleased with the outcome.”
This latest addition to Capsa’s product suite solidifies it as a leader in the healthcare technology and computing industry. Keystone Capital and Capsa continue to pursue accretive healthcare IT and technology-enabled products acquisition opportunities with the goal of further enhancing the success and leadership enjoyed by Capsa today.
Legal counsel was provided by Kirkland & Ellis LLP.