Richmond, Va., and DuBois, Pa. — Peter Farrell, managing partner of Tuckahoe Holdings, and David J. Stern, owner, president and CEO of Paris Companies, report their subsidiary companies, NOVO Health Services and Paris Healthcare Linen Services, have merged, effective Jan. 1.
The merged company will continue doing business as NOVO Health Services, and the Paris trade name will continue in use for an indefinite period.
Terms of the deal were not disclosed. Paris Uniform Services is not involved in the merger and will continue as an independent Paris company.
“This merger brings together the best of two regional leaders in the market to form a strong and sustainable company that can continue to grow,” says Farrell. “We are pleased with the agreement and look forward to leading this industry for years to come.”
Combined, the new NOVO Health Services becomes a supra-regional competitor, operating seven Healthcare Laundry Accreditation Council (HLAC)-accredited or TRSA Hygienically Clean-certified processing facilities in the Eastern United States.
Additionally, through its SRI Surgical business unit, NOVO operates three sterile processing facilities providing reusable surgical gowns, sheets and other textile products and stainless basins to the industry.
The merger creates a combined management team to oversee the operations and growth of the company. Stern will serve as CEO of NOVO, effective immediately. Karl Fillip will serve as CEO emeritus and will continue as head of sales. Karl Fillip II will serve as chief operating officer.
“With this merger comes the opportunity to combine two exceptional senior leadership teams that will serve to strengthen our continued, long-term growth,” Farrell shares.
“David’s experiences and proven success in the industry will guide this transition and the company as CEO; Karl Fillip has been and will continue to be instrumental as CEO emeritus; and in addition to leading as our COO, Karl Fillip II is positioned to provide long-term continuity for our customers and employees that will ensure continued success for years to come.”
“I look forward to leading a new team in meeting the challenges and creating new opportunities in our great industry,” says Stern.