Lou Oberndorf to Chair J. H. Whitney Acquisition of 3B Scientific
#IMSH2017 hasn’t even officially begun and already big news coming out of Orlando. Today, Lou Oberndorf and J. H. Whitney Capital have acquired 3B Scientific – a global player in the manufacturer of healthcare simulation products. Stay tuned to @HealthySim this week for all the latest.
NEW CANAAN, Conn. and TUCKER, Ga., Jan. 26, 2017 /PRNewswire/ — 3B Scientific, the world’s leading manufacturer and marketer of anatomical and biological teaching aids for science, healthcare and patient education, today announced that it has been acquired by J. H. Whitney Capital Partners, LLC, a leading private equity firm focused on investments in healthcare, consumer, specialty manufacturing and business services industries. Todd A. Murray is appointed Chief Executive Officer of 3B Scientific.
3B Scientific has been a trusted leader in the global healthcare education sector for decades with representation in more than 100 countries,” said Murray, CEO of 3B Scientific. “Our partnership with Whitney will allow us to build on a solid foundation and focus on accelerating product innovation and service to meet the growing needs of healthcare training and education worldwide.”
Concurrent with this acquisition, Louis Oberndorf became 3B Scientific’s Chairman. Oberndorf, who was awarded a lifetime achievement award by the Society for Simulation in Healthcare at the 2016 International Meeting on Simulation in Healthcare, is the former founder and CEO of METI, the world’s leading medical simulation company, which was acquired in 2011 by CAE for $130M.
“This acquisition combines 3B Scientific’s breadth of products and decades of leadership with Whitney’s high-growth investment model to position 3B Scientific for the next stage of growth and innovation,” said Oberndorf. “We are passionate about the future and, together, the Whitney-Oberndorf investment initiative intends to bring a global strategy to the healthcare experiential learning and simulation industry.”