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Sunrise Medical sells to investment firm

November 9, 2012HME News Staff

FRESNO, Cailf. - Sunrise Medical announced Nov. 6 that it plans to sell its global mobility and seating business to Equistone Partners Europe.The deal, expected to close by year-end, gives Sunrise Medical the resources to significantly expand its global business, stated Thomas Rossnagel, CEO of Sunrise Medical in a press release.“The corporation holds a very strong market position and the past three years' financial performance has been outstanding,” he said. “My team and I are...

Barclays Private Equity, Equistone Partners Europe, Sunrise Medical, Vestar Capital Partners