Riverside acquires, restructures RCS
CARMEL, Ind. - The Riverside Co. of Cleveland in late January acquired and reorganized RCS Management, a provider of oxygen, respiratory supplies, DME and bio med services based here. Per the deal, RCS will continue to operate four locations in three states, serving more than 800 institutions, including nursing homes, prisons and hospices in 12 states. Kevin Merritt, the majority stockholder of RCS, will continue as president of the recapitalized business. He will also serve on its board of directors. Jerry Baker & Associates in Overland Park, Kan., helped transact the deal.