Illinois medical products supplier Sarnova gets $500K investment

LINCOLNSHIRE, Illinois — Sarnova Inc., a supplier of respiratory and emergency medical services products, reported a fund-raise of $500,000 in equity, according to a regulatory filing.

The company was created in 2008, when Chicago private equity firm Water Street Health Partners invested in and merged two health products distributors — Sylmar, Calif.-based Tri-anim Health Services and Dublin, Ohio-based Bound Tree Medical. Tri-anim focuses on respiratory products, such as ventilators and oxygenators. Bound Tree distributes emergency services products, such as burn kits and defibrillators.

In June, Sarnova hired as its chief executive Hank Struik, former president of Columbus-based Cardinal Health‘s $850 million respiratory and neurocare division. In November, the company acquired Metropolitan Medical Inc., a Virginia-based medical products distributor that focuses on hospitals in the mid-Atlantic region.

In April, Sarnova reported a major fund-raise of $10 million, and in September it raised another $500,000, according to regulatory filings.

A company official did not return a call. Sarnova declined to disclose its revenue in the regulatory filing, as companies frequently do.