Morgan Stanley Capital Partners (MSCP), the private equity division targeting middle-market investments under Morgan Stanley Investment Management, announced on Tuesday that it will acquire Prescott's. This company, focused on healthcare, specializes in outsourced clinical engineering services and is being purchased from Atlantic Street Capital. The transaction is pending customary closing conditions.
The partnership will retain the existing management team, with CEO Brian Straeb at the helm, ensuring continuity in leadership.
Prescott's delivers comprehensive medical equipment repair and maintenance services. It also provides refurbished equipment, parts sales, and rentals for critical surgical suite modalities, including microscopes, infusion pumps, patient monitors, anesthesia machines, and sterilizers.
Located in Monument, Colorado, Prescott's serves health systems, outpatient facilities, and other care settings across the United States and the UK.
This acquisition is MSCP's fourth investment in the Healthcare Outsourced Services sector. Since 2019, MSCP has also invested in several healthcare services, including Clarity Software Solutions, a provider of health plan communications solutions; US HealthConnect, specializing in pharma education and marketing solutions; and SpendMend, which focuses on health system cost cycle management.
