CHICAGO, IL – June 1, 2016; City Capital Advisors, a results-oriented investment bank serving closely held private companies, announced today that it advised the owners of NuWave Monitoring, LLC in the sale of the company to Biotronic NeuroNetwork, LLC. The transaction was led by City Capital Managing Directors Matt Phillips and Tim Coleman. Terms of the transaction were not disclosed.
NuWave Monitoring, founded in 1994 and based in Homewood, Illinois, is a leading provider of intraoperative neuromonitoring services to hospitals and ambulatory surgery centers located throughout Illinois and Northern Indiana. Over its 20+ year history, NuWave has developed an outstanding reputation for consistently delivering the highest level of service to hospitals, surgical facilities, physicians and their patients. Biotronic NeuroNetwork, LLC (“Biotronic”) is a patient-centric healthcare organization that provides intraoperative neurophysiological monitoring services to surgeons and healthcare facilities across the country. Founded in 1978 and headquartered in Ann Arbor, Michigan, Biotronic is the largest independent provider of intraoperative monitoring service in the U.S.
About City Capital Advisors, LLC
City Capital Advisors, a FINRA registered broker-dealer, is a results oriented investment banking firm focusing on closely held private companies. Client engagements are managed exclusively by experienced senior investment bankers who provide business owners with unparalleled strategic advice and transaction execution that allows them to capitalize on the value of their companies while achieving their objectives as shareholders. City Capital’s investment bankers have successfully advised clients on merger and capital markets transactions totaling in excess of $60 billion.