Freeman Spogli-backed US Med-Equip acquires medical equipment provider Freedom Medical

The seller was R.A.F. Industries Inc.

  • US Med-Equip is a provider of moveable medical equipment
  • Freeman Spogli invests in in consumer and distribution companies in the US
  • Since its founding in 1983, Freeman Spogli has invested over $5 billion in 67 portfolio companies with an aggregate transaction value of over $25 billion

US Med-Equip, which is backed by Freeman Spogli & Co, has acquired Exton, Pennsylvania-based Freedom Medical, an acute care medical equipment provider. The seller was R.A.F. Industries, Inc. No financial terms were disclosed.

The acquisition doubles US Med-Equip’s number of locations, increases its workforce by 50% and accelerates its national expansion to provide critical equipment to hospitals when they need it, as patients census fluctuates.

“While hospitals work to ensure they provide the best care possible, our healthcare partners count on patient-ready medical equipment to back up their hospitals’ equipment fleet at a moment’s notice,” US Med-Equip CEO Greg Salario said, in a statement. “The Freedom Medical team shares our mission to support clinicians helping comfort and heal every patient who entrusts them with their care. As we join forces, we will be in a stronger position to serve our hospital partners like never before possible.”

US Med-Equip invests heavily in its employees, medical equipment fleet and the technology and services to support it. The healthcare company continues its expansion to meet the extraordinary demand from hospitals turning to smarter options to save costs while providing the highest standard of patient care.

US Med-Equip serves thousands of hospitals and other healthcare partners across the country from nearly 100 locations. It was founded in 2003.

Founded in 1997, Freedom Medical is headquartered in Exton, Pennsylvania.

Freeman Spogli invests in in consumer and distribution companies in the U.S. Since its founding in 1983, Freeman Spogli has invested over $5 billion in 67 portfolio companies with an aggregate transaction value of over $25 billion, and is currently making investments from FS Equity Partners VIII, L.P.

Freeman Spogli has offices in Los Angeles and New York.