Tag: AEA Investors
Numotion 'energized'
November 20, 2018Liz Beaulieu, Editor
NASHVILLE, Tenn. - Numotion has a new private equity owner and, soon, it will have a more diverse board of directors, both to better position the company for accelerated growth.Numotion announced in November that it had been acquired by an affiliate of AEA Investors LP. Using the firm's connections, the company plans to now build out its board with more independent directors.“These will be individuals who can bring some perspective and experience from all different aspects of health care...
Numotion to have new owner soon
October 30, 2018Liz Beaulieu, Editor
BRENTWOOD, Tenn. - Numotion has signed a definitive agreement to sell to AEA Investors, a company exec has confirmed to HME News. AEA Investors is a New York-based middle market private equity firm that currently has $11 billion under management.“This new partner is excited to continue Numotion's mission to provide customers with market-leading products and services that will enable them to actively participate in everyday life,” said Bret Barczak, chief marketing officer of Numotion,...
AEA Investors will be Numotion's new owner
September 26, 2018HME News Staff
BRENTWOOD, Tenn. - Numotion has confirmed that AEA Investors, a New York-based middle market private equity firm, will be its new owner. The complex rehab provider confirmed to HME News last week that it had signed a definitive agreement with a new private equity sponsor, but it did not name the sponsor. Numotion has been backed by Audax Private Equity and LLR Partners for six years. The Numotion deal marks a return to healthcare investment for AEA Investors, according to PE Hub Healthcare. The firm...