Tag: Employee Stock Ownership Plan (ESOP)
O&P companies become ESOP
January 19, 2016HME News Staff
SOUTH BEND, Ind. - Midwest Orthotic & Technology Center and Surestep are now owned by their 170 employees, according to a local newspaper. The center is a full-service O&P company; Surestep manufactures, markets and sells a bracing system and complete line of products for children with developmental challenges. The owners of the company, Bernie Veldman and his wife Pam, will remain president and vice president, respectively. The Veldmans transitioned Dienen, Inc., the parent company of Midwest Orthotic...
Provider transitions to employee ownership
March 4, 2014HME News Staff
GARDEN CITY, N.Y. - Home Medical Equipment, a provider of custom mobility products, equipment and services, is now 100% owned by its Employee Stock Ownership Plan (ESOP). “Our new ownership structure promises great things for the future of our company,” said Bill Tobia, president of Home Medical Equipment, in a release. “It's a meaningful change for all of our hardworking, dedicated employees who now share ownership in the company they helped to build.” CSG Partners served...