Tag: Private Equity
In brief: Nationwide Medical ‘unlocks potential,’ Dynamic Infusion makes buy, Insulet awarded damages
December 13, 2024HME News Staff
CALABASAS, Calif. – Nationwide Medical, a sleep and respiratory provider that operates in 49 states and serves more than 100,000 patients, has formed a growth partnership with Heritage Group, a health care-focused private equity firm.
“Today marks an exciting milestone for Nationwide Medical,” said CEO David Siegel. “We have operated as a family-owned business for over 20 years and are incredibly proud of our continued dedication to putting patients first and...
Nationwide Medical looks to PE firm to ‘unlock potential’
December 12, 2024HME News Staff
CALABASAS, Calif. – Nationwide Medical, a sleep and respiratory provider that operates in 49 states and serves more than 100,000 patients, has formed a growth partnership with Heritage Group, a health care-focused private equity firm.
“Today marks an exciting milestone for Nationwide Medical,” said CEO David Siegel. “We have operated as a family-owned business for over 20 years and are incredibly proud of our continued dedication to putting patients first and...
Access Infusion buys Big Sky I.V. Care
July 15, 2024HME News Staff
CHICAGO – Access Infusion Care, a portfolio company of Chicago-based New Harbor Capital, has completed its acquisition of Big Sky I.V. Care, a provider of home and specialty infusion services in Kalispell, Mont.
This marks Access Infusion Care’s first add-on deal as part of New Harbor and is a key part of its broader strategy to partner with high-quality infusion providers in underserved areas with diversified therapy offerings and delivery settings, and outsized growth potential.
“We...
Sunrise Medical switches investor hands
June 5, 2024HME News Staff
MALSCH, Germany – Private equity investor Nordic Capital has entered into an agreement to sell Sunrise Medical to Platinum Equity.
Nordic Capital says following its acquisition of Sunrise Medical in 2015, the company’s revenue has almost doubled from EUR 364 million to EUR 636 million in fiscal year 2022-23 and its profitability has improved. The company’s number of employees has grown from 2,000 to more than 2,800 worldwide.
“Nordic Capital's deep sector...
SeaFort helps fund rollout of nat’l platform for orthotics
June 4, 2024HME News Staff
HALIFAX, Nova Scotia – SeaFort Capital has made a majority investment in The Médicus Group which represents Mable Health’s first investment in the orthotics, prosthetics and mobility aids industry. Mable Health acquired Médicus from Metro and the Bleau family. “We are very excited to be partnered with SeaFort Capital and to support the growth of the Mable Health business,” said Michel Lanctôt, a general manager at Medicus who will now serve as president...
Elevance Health partners with PE firm for ‘whole health’ approach
April 15, 2024HME News Staff
INDIANAPOLIS – Health insurer Elevance Health and private equity firm Clayton, Dubilier & Rice have formed a strategic partnership to bring together certain care delivery and enablement assets of Elevance Health’s business unit Carelon Health and CD&R’s portfolio companies aspree health and Millenium Physician Group.
The companies say the strategic partnership’s advanced primary care models take a whole health approach to address the physical, social and behavioral...
PE firm invests in Rebound Medical
April 9, 2024HME News Staff
DANBURY, Conn. – Private equity firm Castleford Capital has announced a growth investment in Rebound Medical Systems, a provider of DME to patients recovering from orthopedic and vascular surgical procedures. "We will use this new capital to invest in our team and drive growth in our service territories, which build upon our dedication to physicians and their patients,” said Todd Piatnik, founder of Rebound. “The entire Rebound team is excited by this new partnership. I am...
Best Life Brands has big plans for Next Day Access
April 5, 2024Liz Beaulieu, Editor
TROY, Mich. – Private equity-backed Best Life Brands, the new owner of Next Day Access, believes it has the track record to grow the company significantly in the next few years.
Best Life Brands, which is owned by The Riverside Company, has a portfolio of franchise companies that includes Blue Moon Estate Sales, an estate sales service that has grown from 25 to 125 locations since 2019.
“We strongly believe there are parallels between Next Day Access and Blue Moon...
Best Life Brands buys Next Day Access
March 25, 2024HME News Staff
TROY, Mich. – Best Life Brands, a private equity owned franchise organization with a portfolio of brands serving the senior care market, has acquired Next Day Access, a provider of residential and commercial home access solutions across the United States and Canada.
By combining Next Day Access' operational excellence with Best Life Brands' extensive network and resources, including the support of Best Life Brands’ private equity owner, The Riverside Company, the companies...
Report: PE-backed companies bad for patients
November 16, 2023HME News Staff
WASHINGTON – A new report from the Private Equity Stakeholder Project and the National Disability Rights Network highlights the toll the PE business model has had on people who rely on durable medical equipment.
The report finds:
Private equity firms have increasingly bought up DME manufacturers and suppliers and consolidated them. Through aggressive debt-funded growth strategies, a handful of private equity-owned DME companies have grown from nonexistence to industry...