Strongsville, Ohio
Roscoe Medical, which distributes parts and replacement supplies, has finalized a recapitalization of the company with River Associates, a Chattanooga, Tenn.-based private equity investment group.
“Our new partnership with River Associates will allow Roscoe Medical to enter a new phase of growth that will do nothing but improve our service to home medical equipment dealers,” said Roscoe Founder Rochelle Thuener.
The plan allows for Thuener's retirement as well as transition of partial ownership to the company's current management team.
Vice President of Product Development Jesse Keirn, Vice President of Sales Richard Keirn and Vice President of Operations Jason Ziebro will continue to oversee day-to-day management of the company and will become minority owners. The Keirns also will serve as co-presidents.
Roscoe currently employs nearly 40 full-time staff. Thuener said she expects employment levels to grow as sales expand.
