RecoverCare and MedaSTAT USA Complete T... ( LOS ANGELES and RAD...)

RecoverCare and MedaSTAT USA Complete Transaction

Date:8/4/2009

LOS ANGELES and RADNOR, Pa. and LOUISVILLE, Ky., Aug. 4 /PRNewswire/ -- Aurora Capital Group ("Aurora"), a Los Angeles-based private equity firm managing more than $2.0 billion in assets, today announced that it has completed the purchase and merger-of-equals transactions to combine RecoverCare, LLC, and MedaSTAT USA, LLC, both privately held companies. The terms of the transaction were not disclosed.

The combined company, to be called RecoverCare, LLC, is a leading distributor of wound care and bariatric equipment and solutions to the acute and long term healthcare markets. RecoverCare offers a national service infrastructure, with 158 service centers and over 750 employees and a fixed asset inventory approaching 100,000 units. RecoverCare also has durable, quality customer relationships with leading acute and long term healthcare facility chains, innovative technology solutions, sophisticated asset management practices and growth capital to expand organically and through acquisitions within the rapidly growing healthcare markets of wound care and bariatrics.

"With strong and supportive capital partners, I am excited to have completed this compelling and industry transforming transaction," said Mark Bidner, Chief Executive Officer of RecoverCare. "By combining RecoverCare and MedaSTAT -- two outstanding organizations -- we have created an industry leader to better service the needs of our customers who are under increasing pressure to achieve new levels of efficiency, improve clinical outcomes and continually require new and enhanced products, services and solutions."

Mr. Bidner continued, "By bringing together two talented teams and consolidated capabilities, RecoverCare will be better able to more quickly and cost effectively meet these needs, while creating value for our customers, employees and business partners. These benefits are a direct consequence of Rec
'/>"/>

0

GOOD

Page: 1 2 3
Related medicine news :

1. RecoverCare and MedaSTAT USA to Merge, Creating Leading Provider of Wound Care and Bariatric Treatment Solutions for Acute and Post-Acute Care Markets
2. Eligard(R) six-month formulation successfully completes European approval procedure
3. The ScottCare Corporation Completes Acquisition of Rozinn Electronics, a Leading Manufacturer of Cardiac Diagnostic Products
4. EaglePicher Corporation Completes Transaction to Sell EaglePicher Boron, LLC to Ceradyne, Inc. for $69 Million
5. Symmetry Medical Completes Acquisition Of Specialty Surgical Instruments
6. PainCare Receives $14.4 Million in Cash From Completed Sale of South Florida Ambulatory Surgery Centers
7. Just Completed Studies Reveal Impact of New Medicare Reimbursement Regulations
8. University of Wisconsin Hospitals and Clinics Complete System-Wide Conversion to Masimo SET Pulse Oximetry Technology
9. GSI Securitization Completes Merger and Domicile Transfer
10. Medical Services International Inc. Completes Testing for European Union (EU) Application
11. Inverness Completes Acquisition of Cholestech

Post Your Comments:

RecoverCare and MedaSTAT USA Complete T...( LOS ANGELES and RAD...),Health