Roscoe Medical under new private equity ownership
By HME News Staff
Updated Tue July 30, 2013
STRONGSVILLE, Ohio - Roscoe Medical has finalized a recapitalization with Tenex Capital Management, a private equity investment group in New York, the manufacturer and distributor announced today.
Roscoe Medical's current management team, led by President and CEO Paul Guth, will remain in place.
“This is a great fit for Roscoe Medical, and another chapter in the growth story of the company,” he stated in a press release. “By partnering with Tenex, we will have the financial support and operational strength we need to take Roscoe Medical to the next level.”
Currently, Roscoe Medical serves more than 3,100 customers with 89 full-time employees in four locations. It manufactures and distributes everything from respiratory therapy to HME to pain management products.
Tenex Capital Management invests in middle-market companies experiencing significant change in their markets, operations or capital structure, according to the group's web site.
“We look forward to continued success,” stated Varun Bedi, managing director and principal, in the release.
Previously, Roscoe Medical was owned by River Associates, a private equity investment group in Chattanooga, Tenn. When Roscoe Medical was acquired by River Associates in 2005, it had 40 full-time employees.
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