New York - July 2016 - National HME, Inc. ("National HME"), a portfolio company of Tailwind Capital, announced that it has merged with Allcare Medical, LLC ("Allcare"). Allcare is a leading provider of durable medical equipment ("DME") to hospice agencies in the Southeast.
This acquisition furthers National HME's reach as the nation's largest provider of technology enabled DME solutions for the hospice industry. Over the past 11 years, Allcare has established itself as the foremost service oriented provider throughout the states of South Carolina and Georgia.
Geoffrey Raker, Partner at Tailwind, commented, "This key acquisition aligns with our vision for the continued growth of National HME, and further expands our ability to provide the most comprehensive DME solution to any hospice in the country."
"We are excited to partner with National HME, the market leader of our industry. Joining forces creates strong synergies as we continue with our shared mission to set the new standard in hospice medical equipment services," added Ondrej Sliva, CEO of Allcare.
Bill Monast, President and CEO of National HME, added, "The addition of Allcare expands our presence in the Southeast and supports our strategy of providing high quality products and services to our hospice clients and the patients they serve."
This marks the second major acquisition this year for National HME.
About National HME:
National HME is the largest provider of outsourced medical equipment management solutions to the hospice market. Founded in 2006, National HME delivers medical equipment to hospice caregivers either directly through its full-service locations or through its credentialed network of local providers. Through a proprietary web-based technology tool, the company also provides consolidated ordering and invoicing as well as data on utilization, cost trends and network management for reporting and analytics. For more information, please visit www.nationalhme.com.
About Tailwind Capital:
Tailwind Capital is a leading middle market private equity firm focused on growth-oriented investments in targeted sectors within healthcare, business and industrial services. Tailwind partners with experienced management teams and entrepreneurs to transform businesses through organic growth initiatives, acquisitions, and operational and strategic improvements. Since inception, Tailwind has managed funds with $2 billion of committed equity capital, having invested in 33 portfolio companies and over 50 add-on acquisitions.