Provider secures private funding

Wednesday, April 30, 2008

NORTH ANDOVER, Mass. - Andover Medical received $2 million in private equity funding and moved a step closer to a national presence, the company announced March 24. Andover, a provider of orthopedic DME, plans to form a nationwide network to offer DME to doctors. "I view this anticipated investment as another significant vote of confidence in our business," stated Andover CEO Edwin Reilly in a release. The company will use the money to pay off existing debt and grow its business.