Seven Hills Capital doubles down on Reliable Medical
By HME News Staff
Updated 9:00 AM CST, Mon December 18, 2023
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NASHVILLE and FRANKLIN, Tenn. - Seven Hills Capital has announced its reinvestment in Franklin, Tenn.-based Reliable Medical to support the company's growth strategy into new and existing markets.
“It’s been a privilege to work hand-in-hand with (CEO Katie Stevens) and the Reliable team to-date,” said Matt Pettit, founding partner of Seven Hills Capital. “We couldn’t be more proud to support RM’s mission and look forward to embarking on our next phase of growth.”
Seven Hills Capital, a Nashville, Tenn.-based “operator-centric” private equity firm, first invested in Reliable Medical in 2018.
Reliable Medical has since made a number of acquisitions, most recently Tusk Mobility in Northpoint, Ala., and Capstone Medical Partners in Lakewood, Wash., earlier this year, and Orbit Medical in Chicago in late 2022.
"The additional investment is a meaningful leap forward for our team to build upon our growth story and people-first philosophy,” Stevens said. “We are thrilled for the opportunity to serve an even larger patient population, to continue our recruitment of ATPs, and to execute on our organic growth initiatives."
Reliable Medical specializes in complex rehab technology, clinical respiratory products, and DME and supplies.
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