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Leading Medical Equipment Service Company RecoverCare Expands Its Hospice Capabilities With Acquisition Of Global Medical
Date:12/18/2013

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 t
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