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Tag: Investment


Also Noted

Swift Medical secures AI-related funding 

March 18, 2024HME News Staff

TORONTO – Swift Medical has announced a strategic co-investment from DIGITAL, Canada’s Global Innovation Cluster for digital technologies, to expedite the adoption and commercialization of the company’s AI technologies. The total project investment stands at $9 million, with DIGITAL co-investing $4.5 million, alongside project partners. “DIGITAL is excited to build upon the over five years of investments we’ve made in applied AI with this latest announcement,”...

Artificial Intelligence (AI), Investment, Swift Medical, Wound Care


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Katie Stevens

Mobility

Seven Hills Capital doubles down on Reliable Medical 

December 18, 2023HME News Staff

NASHVILLE and FRANKLIN, Tenn. - Seven Hills Capital has announced its reinvestment in Franklin, Tenn.-based Reliable Medical to support the company's growth strategy into new and existing markets.  “It’s been a privilege to work hand-in-hand with (CEO Katie Stevens) and the Reliable team to-date,” said Matt Pettit, founding partner of Seven Hills Capital. “We couldn’t be more proud to support RM’s mission and look forward to embarking on our next phase...

Complex Rehab, Investment, Reliable Medical, Seven Hills Capital


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Vendors

Philips gets new long-term investor 

August 14, 2023HME News Staff

AMSTERDAM – Royal Philips has announced that Exor, a diversified holding company based in the Netherlands, has bought a 15% shareholding in the company.  As a result, Exor, which has a net asset value of about EUR 33 billion, will nominate one member to the company's Supervisory Board.  “Exor’s investment in Philips, their long-term outlook and increased focus on healthcare and technology, fit well with our strategy and substantial value creation potential,”...

Exor, Investment, Royal Philips


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KabaFusion receives investment from health system 

Also Noted

KabaFusion receives investment from health system 

April 24, 2023HME News Staff

LEXINGTON, Mass., and Houston – KabaFusion, which provides a broad range of essential chronic and acute infusion therapies in 44 states through its nationwide network of home infusion pharmacies, alternative infusion sites and home health agencies, has received an investment from Houston-based Memorial Hermann Health System. “We are thrilled to have Memorial Hermann join our investor group,” said Dr. Sohail Masood, founder and CEO of KabaFusion. “We share a similar focus in...

Home Infusion, Investment, KabaFusion, Memorial Hermann Health System


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Also Noted

Medically Home ‘powerfully strengthens’ model

January 11, 2022HME News Staff

BOSTON – Medically Home has announced a new $110 million round of funding from strategic investors, including Baxter International, Global Medical Response and Cardinal Health. Cardinal Health, Mayo Clinic and Kaiser Permanente are providing additional capital on top of their previous investments, demonstrating confidence in the growing expansion of the model nationwide, Medically Home says. "The addition of these strategic national partners powerfully strengthens our logistics capability which...

Baxter International, hospital-at-home, Investment, Medically Home


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Vendors

Medline takes private investment

June 7, 2021HME News Staff

NORTHFIELD, Ill. – Medline Industries has entered into an agreement to receive a majority investment from a group of private equity firms, including Blackstone, Carlyle Group and Hellman & Friedman, worth a reported $30-plus billion.  Medline, which generated revenues of $17.5 billion in 2020, will use the new resources from the partnership to expand its product offerings, accelerate international expansion and continue to make new infrastructure investments to strengthen its global...

Investment, Medline, Mergers & Acquisitions (M&A), Private Equity


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Vendors

Belluscura lists on London exchange

June 1, 2021HME News Staff

LONDON and PLANO, Texas – Belluscura, a medical device developer focused on lightweight and portable oxygen enrichment technology, has begun trading on the Alternative Investment Market (AIM) on the London Stock Exchange under the ticker symbol BELL.  The company has raised 17.5 million pounds supported by new and existing inventors, and it has a market cap of about 50.96 million pounds.  SPARK Advisory Partners Limited acted as the Belluscura’s sole nominated adviser...

Belluscura, Investment, Portable Oxygen Concentrator (POC)


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Specialty Providers

PE firm puts PromptCare up for sale

March 16, 2021HME News Staff

NEW PROVIDENCE, R.I. – The Halifax Group, which invested in PromptCare Companies in 2017, is now looking to sell the company, according to PE Hub.  The process is in its second rounds, with first-round bids already submitted, according to the publication.  Because PromptCare has two distinct businesses – home infusion therapy and complex respiratory therapy – there may be two separate transactions, according to PE Hub.  PromptCare has nearly tripled...

Halifax Group, Home Infusion, Investment, Mergers & Acquisitions (M&A), PromptCare


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Also Noted

Great Elm receives financing, rebrands 

December 22, 2020HME News Staff

WALTHAM, Mass. – Great Elm Capital has received a preferred equity investment of $37.7 million from an affiliate of JPMorgan Chase & Co. Proceeds will be used to refinance Great Elm’s DME business and to provide the business with growth capital, the company says. “This financing transaction enables the firm to accelerate the growth of our existing businesses and at the same time provides incremental capital to acquire additional businesses,” said Peter Reed, Great Elm’s...

Financing, Great Elm, Investment


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Vendors

WellSky receives new investment from private equity investors

July 21, 2020HME News Staff

OVERLAND PARK, Kan. - WellSky and TPG Capital have entered into a definitive agreement to add Leonard Green & Partners, a private equity firm, as a new capital partner.As part of the agreement, TPG will also make a new equity investment in WellSky.The agreement will allow WellSky to expand the depth and breadth of its solutions, strengthen its relationships with its 15,000 payer and provider clients, and further invest in its capabilities, says Bill Miller, CEO of WellSky.“TPG and LGP are strongly...

Investment, Private Equity, TPG Capital, WellSky


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