VERTESS Announces Reliable Medical Supply Recapitalization With Seven Hills Capital
MINNEAPOLIS, Nov. 21, 2018 /PRNewswire/ -- Reliable Medical Supply ("RMS") (www.reliamed.com), a healthcare Durable Medical Equipment ("DME") company providing complex rehab therapy ("CRT"), clinical respiratory services, and an array of additional therapies treating a variety of disease states, announced today the recapitalization of their equity by Seven Hills Capital of Chicago. No financial terms were disclosed. The transaction was facilitated by VERTESS (http://www.vertess.com), a leading healthcare M+A advisory firm. Brown & Fortunato, PC of Texas provided legal counsel.
RMS, a diversified healthcare company with over 130 employees, serves a fragile patient base of pediatric and adult patients with conditions such as ALS, multiple sclerosis, cerebral palsy, severe spinal cord injuries, and stage four COPD, among others. Founded in 1989, RMS has become a leading provider of CRT solutions across Minnesota and Western Wisconsin.
"This is an ideal partnership for us," said Debra Kalk, Chief Executive Officer of RMS. She added, "Not only do we gain a strong financial partner with Seven Hills, we also increase our capacity to gain market share through acquisition." Seven Hills Capital is an operator centric private equity platform, focused exclusively on opportunities within healthcare services.
For more information, please contact Bradley Smith at [email protected] or (817) 793-3773
About VERTESS
VERTESS is an international healthcare-focused M+A firm with expertise in healthcare and human service verticals, ranging from behavioral healthcare, substance abuse treatment and cognitive disabilities to DME, home care/hospice, urgent care centers and other specialized services and products. The VERTESS professional M+A team members have a combined 100+ years of executive experience launching, building, and successfully exiting their own healthcare companies, giving them a unique understanding of the objectives of healthcare owners and executives.
VERTESS has successfully advised and consulted with middle market healthcare companies across the country. VERTESS is headquartered in Tucson, Arizona with additional offices in Scottsdale, Dallas/Ft. Worth, Tampa, Los Angeles, and Denver. For more information, visit www.vertess.com.
SOURCE VERTESS
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