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Tag: investment


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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Also Noted

Virtue Technologies gets buy in from PE firm

November 5, 2019HME News Staff

MURFREESBORO, Tenn. - Virtue Technologies, a provider of post-acute healthcare technology solutions, has received an investment from Claritas Capital, a Nashville, Tenn.-based private equity firm. Virtue Technologies, created out of a joint venture between TwelveStone Health Partners and VirtueRN, says it addresses the fragmented market for communicating orders for medical equipment and medications to service providers and patients. “The delivery of post-acute care can often be quite challenging,”...

investment, private equity, technology, TwelveStone Health Partners, Virtue Technologies, VirtueRN


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Specialty Providers

Sleep Data takes BetterNight national with investment

October 1, 2019HME News Staff

SAN DIEGO - Sleep Data and BetterNight, providers of sleep therapy services, and HCAP Partners, an investor, have announced a $6 million round of growth funding.BetterNight will use the funding to expand the use of its virtual care platform, which includes telehealth and remote patient monitoring for people who suffer from sleep apnea, and cognitive behavioral therapy for people who suffer from insomnia.“Today's announcement—and the incredible support of our partners at HCAP—will...

BetterNight, investment, remote monitoring, sleep therapy, telehealth


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On the Editor's Desk

You tell us

September 4, 2019Liz Beaulieu, Editor

During a conference call last week with the panelists for a session at the upcoming HME News Business Summit on investment and M&A in the HME industry, it wasn't long before the elephant in the room came up: competitive bidding. While there's been an uptick in investors and M&A in the industry this year, everyone's wondering what will happen in the time from CMS closing the bid window for Round 2021 on Sept. 18 and the agency announcing contract suppliers in the fall of 2020.During that one-year...

competitive bidding, investment, M&A, Round 2021


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News

In brief: Lincare has bought Southwest provider, Xealth receives investment from Philips, ResMed

March 29, 2019HME News Staff

CLEARWATER, Fla. - Lincare Holdings, a subsidiary of Linde Group of Germany, has acquired Preferred Homecare/Lifecare Solutions, a portfolio company of Beecken Petty O'Keefe of Chicago, according to PE Hub Healthcare.Preferred Homecare provides a full range of HME, including respiratory, complex rehab and NPWT products, from 22 locations, largely in Arizona, but also in Colorado, California and Nevada, according to its website.Beecken Petty O'Keefe, a healthcare-focused private equity firm, started...

investment, lincare, M&A, Xealth


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Also Noted

ARI receives investment

March 5, 2019HME News Staff

MILWAUKEE - ARI Network Services, a provider of software and marketing solutions to dealers in various markets, including HME, has received a strategic growth investment from TA Associates, a Boston-based global growth private equity firm. True Wind Capital, a San Francisco-based private equity firm that completed a take-private transaction of ARI in 2017, will remain the largest shareholder in the company. Financial terms of the transaction were not disclosed. “We have thoroughly enjoyed our...

ARI, e-commerce, investment, marketing, software


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Mobility

Lifeway Mobility targets growth through investment

August 30, 2018HME News Staff

HARTFORD, Conn. - Lifeway Mobility, an accessibility solutions company started by former Numotion CEO Paul Bergantino, has received a “major investment” from Cleveland-based Rockwood Equity Partners.As part of the transaction, Rockwood will provide additional capital and resources to enable Lifeway Mobility to accelerate its plans to become the leading provider of accessibility and safety solutions for people with mobility challenges and those wishing to age in place, according to a press...

accessibility, investment, Lifeway Mobility, M&A, private equity


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Also Noted

StripSupply secures funding

June 27, 2018HME News Staff

BOSTON - StripSupply has secured seed round funding led by LaunchByte Ventures, alongside a group of serial entrepreneurs, physicians and angel investors. StripSupply, which seeks to disrupt the $11 billion glucose test strip market, provides FDA-approved strips on a subscription basis for up to 85% less than major retail pharmacies, it says. “The retail price for diabetic test strips at major pharmacies can be more than $100 for a 50-count vial; however, the manufacturing cost doesn't typically...

disruption, investment, StripSupply, test strips


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Also Noted

SoClean adds new office

February 9, 2018HME News Staff

OXFORD, Mass. - SoClean, based here, is adding a new corporate office in Peterborough, N.H. The new office will serve as a call center and home base for top marketing and sales executives, while renovations take place to add other business functions. News of the new office comes as SoClean continues to expand with help from a recent investment from DW Healthcare Partners. “We chose Peterborough because of its experienced labor force, available commercial space, warehousing opportunities and...

CPAP sanitizer, investment, new office, SoClean


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