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Article: $15M pumped into CPR firm. (cardiopulmonary resuscitation; CPR Prompt LLC)
- Article from:
- Crain's Cleveland Business
- Article date:
- July 6, 1998
- Author:
CopyrightCOPYRIGHT 1998 Crain Communications, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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There's money to be made from dummies, and Steven Lindseth is storming the country with $15 million in hand to prove it.
Mr. Lindseth is chief executive officer of CPR Prompt LLC, a company in Warrensville Heights that makes cardiopulmonary resuscitation training equipment, including the familiar CPR dummies. With the help of $15 million in fresh capital raised in a private stock offering by McDonald & Co. Investments, Mr. Lindseth is looking to grow CPR Prompt by buying other companies in his fragmented field.
In just over two months, CPR Prompt has acquired five companies that provide CPR and other emergency training services in Delaware, Chicago, Los ...