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PE firm acquires Liberty Medical

November 21, 2014Theresa Flaherty, Managing Editor

PORT ST. LUCIE, Fla. - Palm Beach Capital outbid 32 other parties to acquire Liberty Medical for $22 million above its asking price—a “stunning” result, say industry analysts.“If there are that many people bidding, clearly there's value in what they are doing and a lot of people think there's a platform there to grow a business,” said Patrick Clifford, managing director at The Braff Group. “It's stunning.”Liberty in October proposed selling the majority of...

Diabetic Supplies, Liberty Medical Supply, Palm Beach Capital