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National Healing Acquires Medical Multiplex
VentureWire
By Staff Reporters
Tuesday, March 13, 2007 Venture backed National Healing Corp. said it has acquired a company also in the wound care space, Medical Multiplex Inc. Funding for the acquisition was provided by Boca Raton, Fla.-based National Healing's majority stockholders Morgan Stanley Venture Partners and Scale Venture Partners. New investors BNY Mezzanine Partners and CapitalSource Finance LLC also participated in the deal. Morgan Stanley and Scale first invested in National Healing in September 2005, according to VentureWire records, when the company recapitalized. Before that, National Healing last raised seed funding in 1998. Today National Healing helps hospitals develop wound healing programs by providing technology, management services and expertise. Louisville, Ky.-based Medical Multiplex provides services ranging from program development to wound center operation, focusing on both wound care and hyperbaric medicine. With the acquisition, Medical Multiplex will operate as a National Healing division, enabling National Healing to customize services for its clients. Together, the combined company will have a total of 113 contracts in 30 states.
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