On July 1, 2013, Moog announced the sale of its Buffalo, New York operations of Ethox Medical to Dempsey Ventures. Annual sales from this division were approximately $12 million, with 88 full-time employees. Dempsey Ventures, based in Grand Rapids, Michigan, is a private equity firm focused on healthcare products. Its portfolio of companies in the anesthesia/respiratory space includes SunMed, Bay Medical and Ventlab. The Company also announced that it has engaged RBC Capital Markets LLC to assist with the strategic assessment of the remainder of its Medical Devices segment, including the possibility of divesting the entire segment.