Reliable Medical Supply, which is backed by Seven Hills Capital, has acquired Med City Mobility, a provider of complex rehab technology and durable medical equipment. No financial terms were disclosed.
June 26, 2019 –Reliable Medical Supply (“RMS”), a portfolio company of Seven Hills Capital, is pleased to announce the purchase of Med City Mobility (“Med City”).
Med City was founded in 2000 and has become a leading provider of CRT and DME solutions in Southern Minnesota. With the addition of Med City’s locations in Austin, Faribault, and Rochester (Minnesota), RMS expands its commitment to provide the highest level of clinical solutions to a larger patient base.
RMS is a provider of complex rehab technology (“CRT”), clinical respiratory products, and durable medical equipment (“DME”) and supplies across Minnesota. RMS was recapitalized by Seven Hills in November of 2018.
“We are pleased to welcome Med City to the RMS Family,” stated Debra Kalk, CEO of RMS. “When we decided to launch an aggressive growth plan in late 2018, we targeted Companies who share the same patient centric attitude that has led to RMS’s success. By Partnering with Med City, I am confident we can continue to improve care solutions across Minnesota.”
Matthew Pettit from Seven Hills added, “We partnered with RMS to help the Company expand their patient first approach to a larger population. The Med City acquisition is a meaningful step forward in executing on this strategy and expanding RMS’s footprint. We are excited to welcome the Med City team to RMS and continue our growth plans together.”
“We could not be more excited to partner with Debbie and the dedicated management team at RMS. RMS was built on a passion for providing best-in-class clinical care and was Med City’s ideal Partner,” said Robert Elwood the founder and CEO of Med City. “We are excited to be joining the RMS family, enhancing patient access across Minnesota and creating additional opportunities for our Med City team members.”
McGuireWoods LLP served as legal counsel to Seven Hills Capital and RMS.
About Reliable Medical Supply
Headquartered outside of Minneapolis RMS is a leading provider of complex rehab technology, clinical respiratory products, and durable medical equipment and supplies across Minnesota and parts of western Wisconsin. RMS serves a fragile patient base of pediatric and adult patients with conditions such as ALS, multiple sclerosis, cerebral palsy, a severe spinal cord injury, and stage four COPD among others. For more information, please visit www.reliamed.com.
About Seven Hills Capital
Seven Hills Capital is an operator centric private equity platform, focused exclusively on opportunities within healthcare services. Founded by former operators, Seven Hills believes in building long-term businesses through collaboration with all stakeholders. Seven Hills has identified an opportunity to invest in smaller healthcare service opportunities often overlooked by larger sponsors. For more information, please visit www.7hillscap.com.