The 3B Scientific Group Acquires iSimulate Pty., Ltd.


(Hamburg, Germany) Out of its New Canaan, Connecticut U.S.A., headquarters office; J.H. Whitney Capital Partners, LLC focuses on the following.  The focus is a market niche that; is principally investing in small and middle market buyouts, and, recapitalizations of growth stage businesses in the United States of America.  Additionally, this type of investment focus or approach, has been done for decades.  Furthermore, it is believed that, it has yielded J.H. Whitney Capital Partners, LLC a superior risk adjusted return on investment.  In order to elaborate on the previous point; $50 million to $500 million USD are the targeted business’s revenue, along with, the targeted transaction size.  The targeted equity investment is $25 million to $200 million USD.  Recently, the 3B Scientific Group announced that, it is a J.H. Whitney Capital Partners portfolio business.  Additionally, that it has its headquarters office in Hamburg, the Country of Germany.  Specifically, the aforementioned business revealed that, it has acquired iSimulate Pty., Ltd.  The previous business, is in the healthcare simulation sector of the economy.  Regrettably, the acquisition cost was not made public. 
            The acquisition cost, which was not made public, is expected to be completed during the first business quarter of the year 2020.  Incidentally, and according to a 2016 Marketandmarkets.com report, the healthcare simulation market is predicted to reach a value of $2.27 billion USD by the year 2021.  However and returning to, J.H. Whitney Capital Partners, LLC, the aforementioned private equity firm was founded in the year 1946.  John Hay “Jock” Whitney is the credited founder.  Additionally, he was an industrialist and philanthropist.  Today, J.H. Whitney Capital Partners, LLC reports that, it has invested in more than 400 businesses.  As part of the previously said, it is also reported that, the aforementioned business currently manages approximately $1 billion USD in investments.  Due to the fact that, it is still privately owned, J.H. Whitney Capital Partners, LLC is a well respected private equity firm.  As previously said, it focuses its investments on small and middle market businesses.  The sectors of the economy of these small and middle market businesses are; consumer products, healthcare, specialty manufacturing and business services.  Finally, the aforementioned private equity firm reports that, it is on its seventh fund.  The seventh fund, or, the seventh private equity fund includes the following types of investors; leading foundations, universities, pension funds and other institutions. 
            Returning to, the announced acquisition, the aforementioned is based on predicted strong growth and development.  Specifically, the iSimulate product pipeline is expected to grow due to collaboration and partnerships.  An example, of a collaborative effort and partnership is between, the 3B Scientific Group and Cardionics.  Post completion of the acquisition, iSimulate’s business operations are not expected to change.  In fact, business operations will still be conducted at its global offices.  The first global office is in Canberra, the Country of Australia.  Meanwhile, the second global office is in Albany, New York U.S.A.  Additionally; it is planned that Peter McKie, Anthony Lewis and Bobby Syed will continue to work at iSimulate Pty., Ltd. 
            Continuing with, the 3B Scientific Group and iSimulate Pty., Ltd., the aforementioned businesses are best defined in the following way.  In reference to, the 3B Scientific Group, the aforementioned business was founded in the year 1948.  Today; it is considered to be one of the world’s largest manufacturers of anatomical models, a global supplier of innovative medical simulators and a global supplier of reliable medical simulators.  The end point of the latter is basic skills training, advanced skills training and specialty skills training.  In reference to, iSimulate Pty., Ltd., the aforementioned business was founded by Peter McKie and Anthony Lewis.  The founding year was 2011.  The idea of the business was to be a provider of effective, reliable and realistic healthcare simulation tools.  The end point of the latter is healthcare simulation training. 
            Peter McKie is the Chief Executive Officer of iSimulate Pty., Ltd.  Through a press statement, Mr. McKie said the following.  “We are proud of the progress we have made with our company and Anthony, Bobby and I decided that the 3B Scientific team would be the best partner for us to expand and grow the business in the years to come.  We are excited for the next step in our journey and appreciate the support from our customers worldwide.  We look forward to working closely with Todd and his team.”
            To end, the 3B Scientific Group did release a press statement.  Todd Murray is the Chief Executive Officer of the 3B Scientific Group.  Through a press statement, Mr. Murray said the following.  “iSimulate has revolutionized simulation training in healthcare through its creative simulation solutions including ALSi, REALITi, CTGi and AURiS.  We are extremely excited to further develop the 3B Scientific platform and add the great products and people of iSimulate to our company.”  Todd Murray also said.  “Our 3B Scientific global distribution footprint including fourteen commercial locations is uniquely positioned to further support and accelerate the growth of iSimulate products worldwide.”  As previously stated, the 3B Scientific Group recently announced that, it is a J.H. Whitney Capital Partners portfolio business.  Additionally, that it has its headquarters office in Hamburg, the Country of Germany.  Specifically, the aforementioned business revealed that, it has acquired iSimulate Pty., Ltd.  The previous business, is in the healthcare simulation sector of the economy.  Regrettably, the acquisition cost was not made public.  Lastly and incidentally, according to a 2016 Marketandmarkets.com report, the healthcare simulation market is predicted to reach a value of $2.27 billion USD by the year 2021. 

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Written from Press Release
Registered Writer with
PR Newswire Association, LLC
R-Berumen28
01/24/2020

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