Capstone Partners advised SimX—a virtual reality medical simulation platform—on its sale to Madison Industries.
Headquartered in Mountain View, California, SimX is used around the world and by top institutions including Mayo Clinic, Stanford, NYU, University of Pennsylvania, the US Air Force, and many others. SimX is the world’s most comprehensive virtual reality medical simulation training platform and home to the largest library of VR-simulated patient encounters. Developed by clinicians for clinicians, SimX is currently used to train doctors, nurses, EMS, healthcare providers, and military personnel to prepare through more accessible, immersive, and affordable simulated patient encounters. For more information about SimX System, visit simxvr.com.
Through Capstone we found an acquisition partner in Madison who aligns with SimX’s mission to save lives by making healthcare simulation training cheaper, easier, and more realistic. We’re excited about the future we’re building together with our new partner.
“There are more than 250,000 deaths each year caused by preventable medical errors,” continued Dr. Ribeira. “SimX shares Madison’s mission to make the world safer, healthier and more productive by giving healthcare a platform that increases the number of students they train and the efficacy of that training.”
”Every year, advances in technology make virtual training encounters more realistic and SimX has quickly become a thought leader in helping students learn by doing. As its platform is very complementary with the product offerings of Elevate Healthcare, we are very excited to see what this business can do as part of the Madison Medical family,” commented Ted Polk, Managing Director at Capstone Partners.
“SimX provides immersive virtual training based on real-life scenarios,” said Dara Wright, CEO of Madison Medical. “The SimX platform allows students and professionals to gain the experience they need to more effectively treat patients. This creates better outcomes for patients while solving the nursing shortage.”
Madison is one of the largest privately held companies in the world. Madison builds entrepreneurially driven, branded market leaders that are committed to making the world safer, healthier, and more productive by creating innovative solutions that deliver outstanding customer value. The team at Madison is committed to building something truly remarkable that long outlasts them while coaching others to reach their highest potential. Please visit us at madison.net.
The expert investment banking professionals on Capstone Partners’ ADGS Team work with leading middle market companies operating in the training & simulation market to advise with their strategic decision-making in order to maximize financial outcomes at every stage of the business lifecycle. Our firm has developed a full suite of corporate finance solutions, including M&A advisory, debt advisory, financial advisory, and equity capital financing to help privately owned businesses and private equity firms address any need, ranging from growth and financial or operational advisement to an ultimate exit transaction. To learn more about this transaction, or about the benefits of starting a relationship with our training & simulation Banking Team, contact us here.
