Moneyline: Reliable Medical Supply, Viemed

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Wednesday, November 28, 2018

MINNEAPOLIS – Reliable Medical Supply has recapitalized with Chicago-based private equity firm Seven Hills Capital. RMS is a DME provider specializing in complex rehab serving patients throughout Minnesota and western Wisconsin. "This is an ideal partnership for us," said Debra Kalk, president and CEO. "Not only do we gain a strong financial partner with Seven Hills, we also increase our capacity to gain market share through acquisition." Financial terms of the transaction, which was facilitated by Vertess, were not disclosed…Lafayette, La.-based Viemed Healthcare has received approval from the Toronto Stock Exchange to issue a bid for common share of the company. Under the terms of the bid, Viemed may acquire up to 1,895,575 common shares. Daily purchases under the bid will be limited to a maximum of 37,537 common shares. The bid will commence Nov. 29, 2018, and terminate Nov. 28, 2019.