Zoll Acquires Mobilize RRS
MIRUS CAPITAL ADVISORS ADVISES MOBILIZE RRS LLC IN ITS
ACQUISITION BY ZOLL MEDICAL CORPORATION
Offers Interactive First Aid Systems to Help Bystanders Save Lives
July 23, 2019 —Burlington, MA— Mirus Capital Advisors announced today that it acted as the exclusive financial advisor to Mobilize RRS (Mobilize) in its acquisition by ZOLL® Medical Corporation (ZOLL), an Asahi Kasei Group Company.
Mobilize is a privately held company that markets the Mobilize Rescue Systems app and associated rescue kits that act as an interactive trauma system to help untrained bystanders assess, manage, and help injured people during medical emergencies. There is a universal need to assist bystanders in playing a more active role in responding to emergencies that result from accidents, medical emergencies, and acts of violence.
Since the average ambulance response time is around 7-15 minutes, a bystander is frequently a victim’s best hope for survival. Unfortunately, bystanders don’t always have the knowledge or equipment they need to intervene. Mobilize addresses this gap in a meaningful way.
“ZOLL is a leader in providing high-quality AEDs (Automated External Defibrillators) to help people save the life of someone suffering from sudden cardiac arrest,” said Elijah A. White, President of ZOLL Resuscitation. “Mobilize rescue systems are a natural extension for ZOLL, in that they give people the ability to help victims of nearly every type of emergency.”
“This transaction will have a positive impact on saving lives,” said Jeffrey Gerstner, CEO of Mobilize RRS. “With ZOLL’s extensive network and reputation, our emergency technology will be adopted much quicker allowing it to help save the lives of more people.”
“Mobilize is an ingenious and timely technology that has the potential to significantly impact the ability of bystanders to save lives,” commented Patrick West, a partner at Mirus who leads the firm’s med-tech practice. “We are very pleased to have helped to find a partner as well suited to execute on this potential as ZOLL given their leadership position in the AED market. We believe this transaction once again demonstrates that Mirus is the go-to advisor for middle market med-tech transactions.”
Mobilize provides easy-to-use solutions that guide lay rescuers through the best way to provide assistance to victims of various emergencies. The systems include step-by-step instructions and supplies to help bystanders manage severe bleeding, cardiac arrest, seizures, choking, chest trauma, hypothermia, burns, and more—all while an ambulance is en route.
Each Mobilize product contains medical equipment that pairs with interactive software to help bystanders manage emergencies. The Mobilize Rescue Systems app helps individuals to rapidly obtain the knowledge necessary to save lives using the supplies in the rescue kit. The program asks mostly yes/no questions to assess the victim, points to the proper color-coded and labeled equipment, and then provides simple instructions on how to help the victim.
About Mirus Capital Advisors
Successful business owners have turned to Mirus Capital Advisors for more than 30 years to help them realize their ultimate accomplishment—the sale of their business. As a mid-market investment bank focused on mergers and acquisitions, Mirus drives successful deals for companies in the consumer, industrial, business services, healthcare and technology industries. Mirus has proven time and again that its deep industry expertise, focus on relationships, thorough preparation and unwavering commitment to every deal lead to meaningful accomplishments for business owners.
About Mobilize RRS
Founded in 2016, Mobilize RRS’ mission is to empower bystanders to save lives by equipping them with the resources necessary to respond to medical emergencies. Mobilize RRS’ team of medical professionals, military veterans, and software developers integrated modern medical supplies and an innovative app into a cohesive unit, as Mobilize Rescue Systems. This integration of knowledge and equipment provides an intuitive platform for untrained bystanders to assess and manage a variety of medical emergencies while medical professionals are en route. The Mobilize Rescue Systems product line has been implemented by federal and local law enforcement agencies, security and investigations agencies, K-12 schools and universities, public and private organizations, and has been used to manage multiple medical emergencies across the country. For more information, visit https://mobilizerescue.com.
About ZOLL Medical Corporation
ZOLL Medical Corporation, an Asahi Kasei Group company, develops and markets medical devices and software solutions that help advance emergency care and save lives, while increasing clinical and operational efficiencies. With products for defibrillation and monitoring, circulation and CPR feedback, data management, fluid resuscitation, therapeutic temperature management, and ventilation, ZOLL provides a comprehensive set of technologies that help clinicians, EMS and fire professionals, and lay rescuers treat victims needing resuscitation and acute critical care. For more information, visit www.zoll.com.
About Asahi Kasei
The Asahi Kasei Group is a diversified group of companies led by holding company Asahi Kasei Corporation, with operations in the material, homes, and health care business sectors. Its health care operations include devices and systems for acute critical care, dialysis, therapeutic apheresis, transfusion, and manufacture of biotherapeutics, as well as pharmaceuticals and diagnostic reagents. With more than 30,000 employees around the world, the Asahi Kasei Group serves customers in more than 100 countries. For more information, visit www.asahi-kasei.co.jp/asahi/en/.