LOUISVILLE, KY (PRWEB) December 18, 2013
RecoverCare, LLC, a portfolio company of Los Angeles-based investment firm Aurora Capital, today announced that it has completed the acquisition of Global Medical, LLC a premier post-acute supplier of specialty medical equipment based in Jessup, Maryland. The terms of the transaction were not disclosed.
Mary Zappone, President and Chief Executive Officer of RecoverCare, LLC, stated, “At RecoverCare we actively pursue acquisitions to accelerate growth and improve customer satisfaction through greater service density, and have many opportunities to acquire given our leading national footprint and the highly fragmented nature of the market. Global Medical is an ideal fit for RecoverCare, as its strong regional presence and impressive customer base naturally complement our existing footprint. In addition, Global Medical bolsters RecoverCare’s ability to serve the entire continuum of care by significantly enhancing RecoverCare’s capabilities in the Hospice market. Coupling Global Medical’s regional and market expertise with RecoverCare’s national footprint and world class technological capabilities will benefit our customers and both of our organizations.”
Yoav Gershoni, Founder and Chief Executive Officer of Global Medical, LLC, stated, “With RecoverCare’s national footprint and Global Medical’s established Hospice market platform, programs, and regional customer base we have an opportunity to combine two best in class organizations that will enhance future growth and performance.”
Mary Zappone further stated, “As we realize our potential during this exciting period of change, one thing will always remain constant: customers are our number one priority. Clients can expect the same high level of quality and service they are accustomed to receiving.”
About RecoverCare, LLC
RecoverCare is a leading distributor of Therapeutic Support Surfaces, Bariatric, Wound Care, and Safe Patient Handling equipment and solutions across the entire continuum of care, including acute care hospitals, long term acute care hospitals, skilled nursing facilities, rehabilitation facilities, and hospice facilities.
RecoverCare has the industry’s largest footprint with over 100 service centers nationwide, supported by more than 400 delivery vehicles using state-of-the-art equipment tracking systems. With a commitment to service excellence, our clinical and support teams are available 24 hours a day, 7 days a week, 365 days a year.
RecoverCare has national headquarters in Louisville, KY. For more information, log on to http://www.recovercare.com.
About Global Medical, LLC
Global Medical is a premier supplier of specialty medical equipment for the healthcare marketplace serving the Hospice, Long Term Care and Acute Care Markets. Global Medical differentiates itself in the medical equipment market with depth and breadth of knowledge and service offerings in wound care, bariatrics, safety and fall prevention, respiratory, and biomedical services. For more information, log on to http://www.globalmedical1.com.
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