Buyout firm acquires second oxygen provider

Wednesday, January 31, 2007

CLEVELAND - The Riverside Co. acquired Phoenix Medical Resources, a company that rents respiratory equipment to nursing homes, it announced Dec. 21. Earlier in 2006, Riverside, a leveraged buyout firm, acquired and restructured RCS Management, which also rents respiratory equipment to nursing homes. "RCS has continued to perform well and adding a successful company like Phoenix Medical makes it an even stronger enterprise with greater geographic reach and additional customers," said Loren Schlachet, a Riverside partner, in a statement.