Majority Holdings
Bond Street Imports, LLC (Charlotte, North Carolina) Established in 2005, Bond Street Imports goal is to provide extremely high quality limited production wines from around the world that would not otherwise be available to serious wine buyers and collectors. Because Bond Street Imports establishes relationships directly with wine producers, it can bring the experience of the vineyard and the wine makers philosophy directly to collectors. Additionally, Bond Street Imports is able to secure relatively large allocations of limited production wines and in turn sell those allocations to collectors who typically prefer to buy more than one or two bottles of a particular label.
Healthcare Finance Partners, LLC (Charlotte, North Carolina) Healthcare Finance Partners delivers technology solutions to enhance cash flow for our hospital clients. Through various front and back-end services, healthcare providers will maximize the output of their revenue cycles. Since most of our offerings require little to no up-front costs, customers receive positive returns on their investments in months, not years. If you are interested in learning more about how our hospital clients are generating hundreds of thousands of additional dollars annually, to their bottom lines, please contact us.
Komerco International, LLC (formerly SITCO Incorporated) (Charlotte, North Carolina and Sao Paulo, Brazil) SITCO was established in 1991 to participate in the international brokerage business for technology products. In its first transaction, SITCO partnered with EPCINT, a Brazilian company, to provide a broad portfolio of technology products to the University of Campinas in Brazil. This product portfolio was sourced from more than 50 US manufacturers including a number of Fortune 500 technology leaders. SITCO arranged a complex financing package secured through the US Export-Import Bank (EXIM) in Washington, DC. SITCO and its Brazilian partner secured the order in Brazil, sourced suitable products and contracted with US partners, arranged the financing from EXIM, and managed after-sale service from the manufacturers. SITCO coordinated post-transaction activities through the establishment of SITCO do Brazil based in Sao Paulo, Brazil. SITCO was renamed Komerco International and is positioned to provide export packaging services to the South American marketplace.
Lakefront Sales and Marketing, LLC (Charlotte, North Carolina) Lakefront Sales and Marketing, led by Ron Briggs and managed by EJB World Trade will continue its current efforts to build a sales and distribution business in the grocery and convenience products area. Special efforts will be made to increase the product catalogue and add additional sales and marketing personnel to the team, as well as increase our exposure to both higher value items and greater volume distribution channels. Additionally, EJB World Trade will seek to capitalize on its international business relationships and source products from both the foreign and domestic markets.
Marcusen Management Partners, LLC (Charlotte, North Carolina) Marcusen Management Partners, led by John Heinrich, an industry executive with more than two decades experience in the capital medical equipment field, was established in 2006 to serve as the operating management for CardiArc, Inc. In this capacity, Marcusen manages all aspects of the day-to-day operations of the business, from manufacturing to service.
Pacific Trading Partners, LLC (Charlotte, North Carolina) Pacific Trading Partners was established in 2004 to act as an agent assisting foreign and domestic companies do business with manufacturers in the Pacific Rim. This includes assistance with manufacturing outsourcing, financing programs and solutions, and sales and distribution capabilities in the US market.
Strategic Sales Partners, LLC (Charlotte, North Carolina) Established in January 2006, Strategic Sales Partners, LLC partners with early-stage manufacturers of healthcare technologies to provide an outsourced solution for a direct outside sales team. Strategic Sales Partners currently covers the Mid-West, Mid-Atlantic and Southeast United States and looks to grow to a national sales organization of at least twenty sales people within its first year of operation. Strategic Sales Partners has arranged partnerships with GVI Medical Devices, a manufacturer of unique Nuclear Imaging devices; eRAD, the maker of one of the leading web based Radiology PACS systems and CardiArc, Inc., the inventor and developer of a state-of-the-art SPECT imaging system.
TMG Development Corporation (Charlotte, North Carolina) Established in 2000, TMG develops and manages freestanding medical imaging centers for private investors, physicians and small hospitals. TMG provides comprehensive imaging center development and management services to independently owned centers including market identification and analysis, site selection and build-out management, equipment selection and financing, radiology contracting, staffing assistance, marketing and sales force planning, center operations management, regulatory compliance and financial and management reporting services. TMG has assisted in the establishment of seven medical imaging centers and the acquisition of an eighth center. The company has negotiated and completed the sale four of the facilities to industry consolidators. The company actively manages three facilities:
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Bethel Road High-Field Open MRI (Columbus, Ohio) Bethel Road MRI operates an independent diagnostic testing facility containing Magnetic Resonance Imaging and Computed Tomography in the Columbus, Ohio market. The company, founded in 2000, was developed and is operated by TMG Development Corporation. Far Hills High-Field Open MRI (Kettering Ohio) Far Hills MRI operates an independent diagnostic testing facility in the Dayton, Ohio MSA. The company, founded in 2001, was developed and is operated by TMG Development Corporation. Rockville High-Field Open MRI (Rockville, Maryland) Rockville MRI operates an independent diagnostic testing facility in Rockville, Maryland. The company, founded in 2001, was developed and is operated by TMG Development Corporation. |
Minority Holdings
Senex Services Corporation (Indianapolis, Indiana) EJB World Trade made a co-investment in the $6.0 million recapitalization and growth investment of Senex in May 2004. SKM Growth Investors of Dallas, Texas led this transaction and retained EJB World Trade to assist in the pre-close diligence as well as post-close management of the transaction. Founded in 1998 and based in Indianapolis, Senex pays cash upfront for bad debt from healthcare providers. However, these portfolio purchases only occur AFTER the hospital/outpatient center and their respective collection agencies have had an opportunity to recover payments from patients themselves. Consequently, Senex usually purchases these charged off receivables 12-18 months after the original date of service. This model creates cash flow to the provider in two ways. First, the accumulated archived debt (usually 3-4 years depending on the state) will be purchased in a lump sum, thus creating an immediate cash infusion for the healthcare provider. Secondly, a Forward Flow arrangement allows the hospital/outpatient center and Senex to agree on a price to purchase portfolios in the future at predetermined timeframes. This model creates predictable cash flow moving forward for the provider.
Successful Divestitures
Pinellas High-Field Open MRI (St. Petersburg, Florida) An independent diagnostic testing facility developed and operated by TMG Development Corporation was sold to an industry consolidator in December 2002.
Deer Park Open MRI, Skokie Open MRI, Gold Coast MRI Center (Chicago, Illinois) These independent diagnostic testing facilities developed and operated by TMG Development Corporation were sold to an industry consolidator in December 2004.