Stillwater represented Schaan Healthcare Products Inc. in the transaction.
Stillwater Capital is pleased to announce that it served as the exclusive M&A advisor to Schaan Healthcare Products Inc. in its sale to The Stevens Company.
The Stevens Company is a leading Canadian family-owned and operated provider of healthcare products and services to Hospitals, Physicians, and Long-Term Care Facilities nationwide for 150 years.
Schaan Healthcare Products Inc. is a respected and leading family business provider of healthcare products and services in Saskatchewan.
This investment in Schaan Healthcare marks a significant milestone in The Stevens Company’s ongoing commitment to strengthen its ability to serve the healthcare needs of Canadians and their healthcare providers in every Canadian market.
The entity will continue to operate as Schaan Healthcare in Saskatchewan, combining the strengths of both companies to create a powerhouse in the Saskatchewan healthcare sector. This partnership will allow Schaan Healthcare and Stevens to provide enhanced value, broader product lines, and greater service levels to their customers in Saskatchewan.
“We are excited about the opportunities this partnership brings to Schaan Healthcare and our stakeholders,” said Collin Schaan, President and CEO. “By combining our strengths and expertise, we are well-positioned to enhance the services we provide to both our customers and suppliers, bringing more value to the Saskatchewan healthcare market. This partnership will ensure the legacy of Schaan Healthcare and the Schaan family’s leadership.”
The partnership will expand Schaan Healthcare’s portfolio, offering a wider range of medical supplies, equipment, and service solutions for hospitals, clinics, long-term care facilities, and other healthcare providers.
“We are excited to join forces with Schaan Healthcare in Saskatchewan,” said Jay Stevens, President of The Stevens Company. “By investing in Schaan Healthcare and combining our resources, we will be able to accelerate innovation, improve operational efficiency, and ultimately make a positive impact on the healthcare sector as a whole.”
Jennifer Alexander led Stillwater’s team through the transaction with the support of Frederick Mertz. Commenting on the transaction, Jennifer said, “Collin has built an impressive company. A lifetime of hard work has been well rewarded. The Stevens Company has made an excellent acquisition that strengthens its already impressive capabilities. We are delighted to have been part of bringing these two organizations together.”
For additional details on the transaction: https://schaanhealthcare.ca/press-release-schaan-stevens-partnership
About Schaan Healthcare Products For over 43 years, Schaan Healthcare has served Saskatchewan as a leading distributor of medical and surgical supplies to healthcare facilities including hospitals, nursing homes, and physician offices. A family-owned and operated business now in its second generation of leadership, Schaan Healthcare prides itself on its ability to provide the Saskatchewan healthcare market with quality products along with personalized and professional service.
About The Stevens Company For 150 years in Canada, Stevens has been a leading distributor of medical supplies, equipment, and services to healthcare providers across Canada from its facilities in Toronto, Halifax, Montreal, Winnipeg, Calgary, and Vancouver. Owned and operated by six generations of Stevens family leaders since its original founding in London, England in 1830, The Stevens Company has identified valuable products and services to offer healthcare providers, helping them serve the needs of their patients and clients for nearly 200 years.
About Stillwater Capital Stillwater Capital is one of North America’s leading mid-market M&A advisors having completed over 100 transactions in the past 20 years. Stillwater is passionate about helping owners realize maximum value in the sale of their business. We believe that people who spend their lives building a company deserve the absolute best advice to ensure that hard work is rewarded in full. Stillwater is a member of the world’s premier professional advisory group, Geneva Capital Group, connected to 31,000 of the world’s best legal, accounting, and M&A professionals in over 800 offices in 126 countries.
Published on: April 9, 2024
