By Kevin McCauley • O’Dwyer’s Newsletter
Stanton PR & Marketing is handling Bain Capital’s re-acquisition of Physio-Control, emergency medical response technology unit, from Medtronic.
Mitt Romney’s former firm took Physio public in 1995, reaping about $170M in the deal. Bain paid $8M to acquire the Richmond, Wash.-based Physio from Eli Lilly 16 months earlier.
In the latest deal, BC is paying $487M for Physio in a transaction that is expected to be completed during the next year’s first quarter.
Physio markets Lifepak monitors/defibrillators used by ambulance staffers and automated external defibrillators used by lay responders at airports, schools and jobsites in the case of a cardiac emergency.
Physio president Brian Webster helm the 1,000 employee operation when it returns to Bain’s fold.
Alex Stanton handles media for Bain’s latest deal.