PE-backed Solara buys Active Healthcare’s diabetes supplies business

Solara Medical Supplies has acquired Active Healthcare's diabetes supplies business.

Solara Medical Supplies has acquired Active Healthcare’s diabetes supplies business. No financial terms were disclosed. Honigman LLP served as legal advisor to Solara while Brown & Fortunato PC served as legal advisor to Active Healthcare. Solara is backed by Linden Capital Partners.

PRESS RELEASE

Chula Vista, CA (May 15, 2020) – Solara Medical Supplies (“Solara”), the largest independent direct-to-patient distributor of continuous glucose monitors (“CGM”) and other supplies to patients with diabetes, announced today the acquisition of Active Healthcare, Inc.’s Diabetes Supplies Business (“Active Healthcare”), a North Carolina-based direct-to-patient provider of CGMs, insulin pumps and diabetes supplies.

Following the transaction, Steve Foreman, CEO of Solara, stated “Active Healthcare has earned the reputation of a compassionate and high-quality supplier to patients with diabetes and we are excited to welcome them to the Solara family.”

Founded by Steven and Lisa Feierstein, Active Healthcare has been operating in North Carolina since 1990 and has developed a strong track record of personal service. Lisa Feierstein, RN, commented, “We are proud of what we have built at Active Healthcare and our diabetes team is excited to grow further with the capabilities that Solara provides.”

Ron Labrum, Chairman of Solara and Operating Partner at Linden Capital Partners, added, “Active Healthcare’s diabetes business strengthens our presence in North Carolina and builds upon our strategy to enhance patient service, broaden our national reach and increase value for our manufacturer partners.”

Active Healthcare’s diabetes business represents Solara’s fourth acquisition following its investment from Linden Capital Partners in May 2018.

Honigman LLP served as legal advisor to Solara. Brown & Fortunato PC served as legal advisor to Active Healthcare.

About Active Healthcare, Inc.
Active Healthcare, co-founded by Lisa and Steven Feierstein, is an award-winning industry leader in the treatment of respiratory and diabetic conditions, helping North Carolinians lead healthier lives since 1990. Active Healthcare is passionately dedicated to patient care and quality of life throughout North Carolina. For more information, visit www.ActiveHealthcare.com.

About Solara Medical Supplies
Solara Medical Supplies, LLC is a leading direct-to-patient distributor of advanced diabetes therapy products including continuous glucose monitors, durable insulin pumps, and patch insulin pumps. Founded in 2002, Solara is headquartered in Chula Vista, California and operates additional offices in Michigan, Arizona, Texas, South Carolina, Alabama, Ohio and Illinois. For more information, please visit www.solaramedicalsupplies.com.

About Linden Capital Partners
Linden Capital Partners is a Chicago-based private equity firm focused exclusively on investing in the healthcare industry. Linden’s strategy is based upon three elements: i) healthcare specialization, ii) integrated private equity and operating expertise, and iii) strategic relationships with large corporations. Linden invests in middle market platforms across the medical products, specialty distribution, pharmaceutical, and services segments of healthcare. For more information, please visit www.lindenllc.com.