MINNEAPOLIS, Minn. (November 23, 2018)—Reliable Medical Supply (RMS), a health care 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 the recapitalization of their equity by Seven Hills Capital of Chicago. No financial terms were disclosed. The transaction was facilitated by VERTESS, a health care M+A advisory firm. Brown & Fortunato, PC of Texas provided legal counsel.
RMS, a diversified health care company with more than 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 provides 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 bsmith@vertess.com.
