Avesi Partners Invests in New Age Medical for Expansion and Growth
Avesi Partners has announced an investment in New Age Medical, a MedTech company specializing in spinal surgery solutions. The partnership aims to support the company's national expansion, entry into new specialties, and M&A-driven growth strategies. Avesi is joining forces with founder Kevin Bly and existing management to enhance patient care by streamlining medical product distribution from manufacturers through representatives to hospitals and surgeons. New Age Medical operates in a growing market, connecting over 85 OEMs, 100 reps, 200 hospitals/ASCs, and 350 surgeons. The company's model simplifies supply chains for healthcare providers while ensuring access to innovative medical products. Avesi sees significant potential in New Age’s long-term growth trajectory due to its strong relationships across the MedTech ecosystem. Avesi Managing Director Pete Tedesco highlighted that New Age aligns with their focus on businesses improving hospital care and reducing administrative burdens. The investment is expected to help expand the company's reach, capabilities, and impact within new specialties.
Topics: healthcare supply chain investment MedTech spinal surgery