Tag: Wellspring Capital Management
In brief: NSM up for sale, provider blames cuts for closures
May 20, 2016HME News Staff
NASHVILLE, Tenn. - Wellspring Capital Management is shopping for a buyer for National Seating & Mobility, according to news reports last week.
The private equity firm has hired Piper Jaffray, an investment bank and asset management firm offering M&A services, to find a buyer for the complex rehab provider, which it says could be worth $400 million, according to an item on Fortune.com citing The Wall Street Journal.
Wellspring Capital acquired NSM in early 2013. At the time, the provider had...
National Seating & Mobility up for sale?
May 19, 2016HME News Staff
NASHVILLE, Tenn. - Wellspring Capital Management is shopping for a buyer for National Seating & Mobility, according to news reports.
The private equity firm has hired Piper Jaffray, an investment bank and asset management firm offering M&A services, to find a buyer for the complex rehab provider, which it says could be worth $400 million, according to an item on Fortune.com citing The Wall Street Journal.
Wellspring Capital acquired NSM in early 2013. At the time, the provider had 68 branches...
Major shake-ups in complex rehab
January 4, 2013HME News Staff
ROCKY HILL, Conn. and ST. LOUIS - Two of the three major players in the complex rehab market have joined forces.ATG Rehab of Rocky Hill, Conn., and United Seating & Mobility (USM) of St. Louis have merged, a move that both companies anticipate will broaden their network and generate greater stakeholder value, according to a press release.“The combination of ATG and USM creates a company with the resources to invest in protecting and improving consumer access to complex mobility and the...