AZ MediQuip secures PE funding
By HME News Staff
Updated 10:30 AM CST, Tue January 5, 2021
PHOENIX – AZ MediQuip has received funding from private equity partner Gemini Investors to open new stores across the Southwest and make strategic acquisitions.
Mark Nicotera, who started AZ MediQuip in 2011 and has grown the company to four locations in the Phoenix area, will remain CEO.
“When I started this business, there was a deep need for not just a business to sell HME products, but to also offer complete home medical solutions,” he said. “Our staff has grown with the business and we’ve become a trusted partner to and resource for referral sources and individuals who are going through a challenging stage of their lives.”
Gemini sought a platform in the HME industry and was impressed with AZ MediQuip’s business model and growth, a representative from the firm said.
“They solve a big problem in the Phoenix area with their product and service offerings and have improved the health and wellbeing of the region’s population, especially during the COVID-19 epidemic,” the representative said. “We cannot wait to grow and improve upon Mark’s mission of offering Arizona residents the most high-quality health care solutions at an affordable price, especially now.”
Comments