Allcare Medical LLC has merged with National HME Inc, a portfolio company of Tailwind Capital. Financial terms weren’t announced. National HME provides technology enabled durable medical equipment (DME) solutions for the hospice industry while Allcare Medical provides medical equipment for hospice agencies and hospice patients.
NEW YORK, July 6, 2016 /PRNewswire/ — Allcare Medical, LLC has merged with National HME, Inc. The announcement was made by Bill Monast, President and CEO of National HME and Ondrej Sliva, CEO of Allcare Medical.
This acquisition furthers National HME’s reach as the nation’s largest provider of technology enabled durable medical equipment (DME) solutions for the hospice industry. Over the past 11 years Allcare Medical has established itself as the foremost service oriented provider throughout the states of South Carolina and Georgia.
Geoffrey Raker, Partner at Tailwind Capital, a growth oriented middle-market private equity firm and the lead investor in National HME said, “This key acquisition aligns with our vision for the continued growth of National HME, and further expands our ability to provide the most comprehensive DME solution to any hospice in the country.”
“We are excited to partner with National HME, the market leader of our industry. Joining forces creates strong synergies as we continue with our shared mission to set the new standard in hospice medical equipment services,” says Ondrej Sliva.
Bill Monast, President and CEO of National HME said, “The addition of Allcare expands our presence in the Southeast and supports our strategy of providing high quality products and services to our hospice clients and the patients they serve.”
This marks the second major acquisition this year for National HME.
For more information, visit: www.nationalhme.com