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Tag: Duke Medical


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Sanomedics receives financing for deals

August 26, 2013HME News Staff

MIAMI - The medical-technology holding company Sanomedics International Holdings Inc. announced Aug. 26 that it has received $5 million in funding to put toward working capital and the completion of a pair of targeted acquisitions. The financing breaks down to a $3 million revolving line of credit and a $2 million term loan. “This financing is a major step in our success and a further endorsement of the plans we have for the future,” said Keith Houlihan, Sanomedics co-founder and president,...

acquisitions, Duke Medical, Prime Time Medical, Sanomedics


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Sanomedics to buy sleep provider for $7M

July 11, 2013HME News Staff

MIAMI - Sanomedics International Holdings has entered into a definitive agreement to acquire its second sleep services business, Baytown, Texas-based Duke Medical, for $7 million. Duke Medical generated about $4 million in revenue and an EBITDA of $1.5 million in 2012, and is on target to hit an EBITDA of $2 million this year. Duke Medical provides medical products and supplies to patients with sleep apnea throughout Houston and Galveston. Vann Duke, who has held positions at Rotech Healthcare, Apria...

Duke Medical, M&A, Sanomedics, Sleep Coaches


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