LiveWell Medical goes through recapitalization
By HME News Staff
Updated 10:25 AM CDT, Mon May 10, 2021
SANTA FE SPRINGS, Calif. –Montgomery DME, a holding of Monument MicroCap Partners, has recapitalized LiveWell Medical Supplies. Located in Riverside, Calif., LiveWell is a distributor of DME, serving primarily the hospice and home health care markets in southern California. Montgomery DME is a provider of DME on a rental basis to hospices located primarily in Los Angeles and surrounding counties. MDME rents and services equipment like hospital beds, wheelchairs, oxygen concentrators, oxygen tanks and recliners to about 5,000 hospice patients “We are very excited and proud to partner with LiveWell as we continue to expand our service to new clients and patients,” said Ron Galan, president of MDME. “LiveWell and MDME provide each other with expanded geographies and greater resources to better assist patients.” LiveWell represents the second recapitalization by MDME since its acquisition by Monument in December 2018. In January 2019, MDME recapitalized Abundant Home Care, a provider of DME on a rental basis to hospices in San Diego. Located in Indianapolis, Monument MicroCap Partners is a private equity firm focused on investments in North American businesses with EBITDA of $2 million to $8 million.
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