"Both RecoverCare and MedaSTAT share a long-standing history of establishing their businesses upon the primary foundation of relentless focus on servicing their respective customers," added Mr. Bidner. "This will not change, as customers remain RecoverCare's number one priority, and we are committed to providing outstanding customer service and support."
Mark Bidner will serve as RecoverCare's Chief Executive Officer and the senior management teams of RecoverCare and MedaSTAT have agreed to remain with the combined company. Tom Smith, former President of RecoverCare, will serve as President of the combined company. Kevin McKim, former President of MedaSTAT, will serve as the company's Chief Operating Officer and Robert Owen will serve as the company's Chief Financial Officer.
In addition to Aurora, Moelis Capital Partners, the private equity business of Moelis & Company, Mark Bidner and management are significant co-investors in the combined enterprise.
RecoverCare distributes wound care, bariatric and safe patient-handling equipment and solutions to healthcare facilities nationwide via 158-plus service centers. The company, which is privately owned, serves acute care hospitals, long term acute care hospitals, skilled nursing facilities, rehabilitation facilities, hospice centers and home care patients. RecoverCare's primary product lines include therapeutic mattresses for wound care, bariatric equipment for care of obese patients, specialty beds and patient transfer equipment f
|SOURCE Aurora Capital Group|
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