St. Louis-based Ascension Health has brokered an agreement with TowerBrook Capital Partners to invest in and strategically develop Ascension's subsidiary TriMedx.
TriMedx provides healthcare technology management services to both healthcare providers and medical equipment and device manufacturers.
Below are three things to know about the partnership.
1. Under the agreement, TriMedx and other related subsidiaries will become an independent business owned collaboratively by Ascension and TowerBrook.
2. Ascension will enter into a new long-term customer contract with TriMedx for the provision of clinical engineering and other technology management services across Ascension's facilities. Terms of the contract were not released.
3. Ascension and TowerBrook said they plan to make significant capital investments in TriMedx to fund future acquisitions and growth initiatives.