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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
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SOURCE Aurora Capital Group
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