Cardio Partners, Inc. announced the acquisition of RescueStat. This acquisition strengthens Cardio Partners’ mission to increase survival rates from sudden cardiac arrest (SCA) and expands its ability to deliver life-saving solutions to more communities across the country.
Founded by ER physicians, RescueStat brings two decades of expertise, innovation, and customer-focused service in AED program oversight and smart monitoring technology. The company shares Cardio Partners’ commitment to supporting responders with the tools and training needed to save lives.
“Bringing RescueStat into the Cardio Partners family is a strategic move that deepens our capabilities and advances our shared mission,” said Lawrence Franchetti, President of Cardio Partners. “Together, we are better equipped to empower customers with more choices, seamless solutions, and exceptional support in the fight against sudden cardiac arrest.”
Carl Dixon, CEO of RescueStat, added, “RescueStat was built on a mission to save lives through transformative technology and service that revolutionize SCA response. This milestone reflects the trust, grit, and growth mindset of our team, and I’m excited to accelerate our shared mission by joining forces with Cardio Partners.”
The acquisition reinforces Sarnova’s and Cardio Partners’ long-term support for vendors and partners while opening new opportunities for collaboration. Customers will benefit from a broader product portfolio, enhanced support infrastructure, and expanded reach.
Brian LaDuke, CEO of Sarnova, shared, “I am thrilled to have RescueStat join our team. Their leading-edge AED readiness and maintenance solutions elevate our impact and strengthen our mission to drive better outcomes in sudden cardiac arrest through expanded, technology-driven solutions.”
Yuriy Prilutskiy, Co-Head of Patricia Industries, said, “Patricia Industries is committed to supporting Sarnova in its mission to make life-saving health and safety solutions more accessible to those who need them most. This transaction further enhances Sarnova’s long-term growth potential by adding an innovative technology solution to its portfolio, and aligns with our organization’s purpose of creating value for people and society by building strong and sustainable businesses.”
Legal counsel for Cardio Partners in the transaction was provided by Simpson Thacher & Bartlett LLP. Counsel for RescueStat provided by Perkins Coie LLP and Hawley Troxell Ennis & Hawley LLP.
TheNewsBit Bureau