Tag: William Douglass
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...