Tag: CIT Group
QMES secures $175M in financing
March 6, 2018HME News Staff
NEW YORK - QMES has locked in a $157 million senior secured credit facility from CIT Group's consumer finance business. QMES, a portfolio company of Quadrant Management, a private investment firm based in New York City, will use the new credit facility to refinance legacy debt, support growth and make strategic investments, according to a press release. “This new credit facility will enable us to expand beyond our core markets and further solidify our position in our current markets,”...
QMES secures more financing
June 2, 2017HME News Staff
NEW YORK - HME platform company QMES has obtained a second round of financing from CIT Group.QMES, a DME provider in the Northeast, will use the $65 million secured senior credit facility to refinance legacy debt and support growth, according to a press release.“QMES's active M&A growth strategy has led to the successful completion and integration of more than 15 acquisitions and they currently serve over 100,000 patients annually,” said William Douglass, managing director and group head...
Q&A: There's room for mom and pop
May 9, 2014Theresa Flaherty, Managing Editor
LIVINGSTON, N.J. - Despite the upheaval of the past few years, the HME industry remains an attractive space for investors, says William Douglass, group head of CIT Corporate Finance, Healthcare. CIT recently provided $50 million in financing to QMES. Douglass spoke with HME News about “the stroke of the pen risk” and what makes a company worth investing in.
HME News: What makes the HME industry a good bet for investors?
William Douglass: There's a lot of consolidation taking...
QMES repositions with $50M in financing
April 10, 2014HME News Staff
NEW YORK - QMES, a distributor of DME in nine states, has secured a $50 million senior secured credit facility from CIT Corporate Finance, Healthcare.
QMES will use the facility to refinance legacy debt and provide for ongoing working capital needs, according to a press release.
“QMES has an impressive track record of growth having completed 10 acquisitions since 2012 and effectively establishing itself as one of the largest medical equipment home delivery companies on the East Coast,"...