Quality Biomedical takes on investor to build nationwide presence and expand beyond HME
By HME News Staff
Updated Tue September 10, 2019
BOULDER, Colo. - Quality Biomedical has completed an outside investment by Aeonic Partners, a New York-based private equity firm. It's the first institutional investor for Quality Biomedical, which provides integrated logistics, warehousing, service/repair, documentation management and other related services, all underpinned by its Q-Connect technology platform. Quality Biomedical will use the investment for “Phase 2 of its growth strategy,” which includes opening new service centers and warehouses over the next 12 to 18 months to more efficiently cover the Northeast, Midwest and West. The company currently operates service centers in five states: Colorado, Florida, Georgia, Missouri and Texas. Aeonic Partners “employs a buy-and-hold strategy, which allows us to take an extremely long-term view to growing and managing businesses,” according to its website.
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