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Tag: CIT Group

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QMES secures $175M in financing

March 6, 2018HME News Staff

NEW YORK - QMES has locked in a $157 million senior secured credit facility from CIT Group's consumer finance business. QMES, a portfolio company of Quadrant Management, a private investment firm based in New York City, will use the new credit facility to refinance legacy debt, support growth and make strategic investments, according to a press release. “This new credit facility will enable us to expand beyond our core markets and further solidify our position in our current markets,”...

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QMES secures more financing

June 2, 2017HME News Staff

NEW YORK - HME platform company QMES has obtained a second round of financing from CIT Group.QMES, a DME provider in the Northeast, will use the $65 million secured senior credit facility to refinance legacy debt and support growth, according to a press release.“QMES's active M&A growth strategy has led to the successful completion and integration of more than 15 acquisitions and they currently serve over 100,000 patients annually,” said William Douglass, managing director and group head...

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