PE firm picks up HME company
NEW YORK – Tailwind Capital, a middle-market private equity firm, has acquired Therapy Support through a merger with its portfolio company, National HME of Richland Hills, Texas. “This key acquisition aligns with our vision for the continued growth of National HME and further expands our DME benefit management geographic footprint,” stated Geoffrey Raker, a partner at Tailwind, in a press release. Therapy Support is a multi-state, full-service provider of DME for the hospice and long-term care industries. It has 21 locations in eight states. Tailwind also has investments in Freedom Innovations, a designer and maker of advanced lower-limb prosthetic devices; and Long’s Drugs, a specialty pharmacy.