Nationwide Medical looks to PE firm to ‘unlock potential’ 

CALABASAS, Calif. – Nationwide Medical, a sleep and respiratory provider that operates in 49 states and serves more than 100,000 patients, has formed a growth partnership with Heritage Group, a health care-focused private equity firm.  

“Today marks an exciting milestone for Nationwide Medical,” said CEO David Siegel. “We have operated as a family-owned business for over 20 years and are incredibly proud of our continued dedication to putting patients first and providing exceptional service to all our stakeholder partners. We’re excited to partner with Heritage Group in our next stage of growth and believe the firm’s unique capabilities and strategic relationships will help unlock tremendous potential for Nationwide.” 

Nationwide Medical’s product offering includes continuous positive airway pressure devices, oxygen therapy devices, non-invasive ventilators and continuous glucose monitors.   

Nashville, Tenn-based Heritage Group, whose limited partners include large provider systems, payers and health care service providers, says its investment in Nationwide Medical was the result of a targeted search for a platform in the HME industry. 

“As the market trend toward managing chronic conditions in the home accelerates, Nationwide’s differentiated clinical engagement model is set up to play a unique role in patients’ lives, and we look forward to being part of that journey,” said Jesse Bland, partner at Heritage Group. 

TripleTree served as exclusive financial advisor to Nationwide in connection with the transaction, and Leerink Partners served as exclusive financial advisor to Heritage Group.