SB360 Donates KN95 Masks to Beth Israel Lahey Health
BOSTON, Massachusetts – April 10, 2020 – As new cases of the coronavirus are reported each day, the need for personal protective equipment for medical personnel and first responders is becoming increasingly critical. As a response to the crisis, SB360 has donated 22,000 FDA-approved KN95 respirator masks to Beth Israel Lahey Health, one of Massachusetts’ renowned health systems on the front lines of the coronavirus pandemic. The donation will bring personal protective equipment to where it is needed in any of the 13 hospitals within the Beth Israel Lahey Health system. The masks will provide a direct and immediate impact for caregivers and hospital staff working tirelessly to care for our community.
During these challenging and trying times, SB360 harnessed the strength of long-standing manufacturing relationships to procure the KN95 masks. “We wanted to give back to our community by tapping into the resources we have,” said Aaron Miller, Executive Vice President of SB360. “We know that there has been a strain on global supply chains that providers rely on for important medical supplies. We had a resource and we saw a way to help.”
About SB360 Capital Partners LLC – SB360 Capital Partners (www.sb360.com), a Schottenstein Affiliate, helps businesses manage change, restructure assets, and turn around dwindling profitability. SB360 makes equity investments to infuse capital for growth opportunities, fund turnarounds, and provide liquidity to businesses experiencing change. SB360 acquires assets of all types including inventory, fixed assets, intellectual property, real estate, and complete business units. The firm’s asset disposition services range from providing guaranteed asset value recovery to acting as a liquidation consultant. Additionally, SB360 has entities engaged in real estate advisory, commercial real estate investment, and the operation of the SBC Logistics Asset Recovery Center in Columbus. A lending affiliate, Second Avenue Capital Partners, provides asset-based loans for middle market companies. The principals of SB360 hold extensive commercial interests in national retail and wholesale operations; internationally recognized consumer brands; commercial, residential, and industrial real estate properties; and financial service operations.