Navigation Links
GMH Ventures Acquires Majority Ownership in Dynamic Healthcare Services, Leading Provider of Medical Equipment and Respiratory Therapy Products and Services
Date:1/19/2012

HARRISBURG, Pa., Jan. 18, 2012 /PRNewswire/ -- Dynamic Healthcare Services Inc. ("DHS") announced today that it has been acquired by a subsidiary of GMH Ventures LLC ("GMH") in partnership with DHS's key management team, including founder and President, Terry Luft.  The terms of the acquisition were not disclosed.

DHS was formed in 2000 as the parent company to Central Medical Equipment and ESMS Home Medical, which were originally incorporated in 1981. DHS has grown over the past decade to become one of the predominant distributors and providers of residential medical equipment, respiratory therapy products and services, and complex rehabilitation products and services in the western and central PA markets.  Today, DHS employs more than 70 employees with facilities throughout Pennsylvania.

"We are extremely pleased to have partnered with GMH and look forward to creating a synergistic platform poised for growth in the home medical equipment  marketplace," commented Mr. Luft, who will remain the President and CEO of DHS.  "Having access to GMH's strong balance sheet along with their talented executive management team provides us with additional capital and resources to grow DHS into a nationally-recognized player in HME space.  That expansion will allow us to take advantage of growth opportunities we could not have attained prior to this partnership."  

Michael Holloway, Executive Vice President of GMH, stated, "Adding DHS to our diverse portfolio of assets is an exciting start to 2012. While DHS was considered a regional leader in the HME marketplace prior to our investment, we believe our capital infusion and executive oversight, partnered with Terry's talented management team will allow DHS to expand well beyond its current footprint, leading to untapped fiscal growth and market expansion," added Holloway.

New York-based Bruderman Brothers, was retained by DHS to negotiate the recapitalization, led by GMH and Lakewood Capital, a Rowayton, Connecticut-based private equity firm. M&T Bank provided debt financing for the transaction. Private Capital Research of Conshohocken sourced the deal on behalf of GMH Ventures.

About DHS:
DHS is a leading provider of residential medical equipment, respiratory therapy products and services, along with complex rehabilitation products and services. Our commitment to our customers, superior products and outstanding service are what separates us from other medical suppliers and distributors.

About GMH Ventures:
GMH Ventures is a dynamic private equity group, headquartered in Newtown Square, PA. Founded by Gary M. Holloway as a vehicle to make controlling equity investments in middle-market companies, GMH Ventures is committed to making long-term investments in companies in the manufacturing, distribution and services industries that have strong and experienced in-place management. Being solely owned, GMH Ventures has flexibility in its approach and strategy to purchasing, owning and operating its portfolio of companies and is constantly looking for new and exciting opportunities in which to invest. Learn more by visiting www.GMH-Ventures.com today.


'/>"/>
SOURCE GMH Ventures
Copyright©2010 PR Newswire.
All rights reserved

Related medicine technology :

1. Vivo Ventures Closes $375 Million 7th Fund to Invest in Healthcare in the U.S. and Greater China
2. Global Diagnostic Imaging Companies M&A, Joint Ventures, R&D Pipeline, and Strategies
3. PharmaSecure, an Innovator in Pharmaceutical Serialization, Closes $3.9M Investment by Eric Schmidts Innovation Endeavors, Gray Ghost Ventures, Healthtech Capital and the TEEC Angel Fund
4. USRBC President Ed Verona Lauds GE Announcement on Energy and Healthcare Joint Ventures in Russia
5. Allegra® and Survivor Winner Danni Boatwright Want to Hear About Your "Allergy Adventures"
6. Global Health Ventures August 4th Investor Presentation Now Available for On-demand Viewing at RetailInvestorConferences.com
7. Global Health Ventures to Present Live, Online at RetailInvestorConferences.com on August 4th
8. PharmaVentures Engaged by Avexa to Assist in the Out-licensing of Apricitabine
9. Vivo Ventures Announces Promotions of Dr. Chen Yu and Dr. James Zhao to Managing Partner
10. XDATA Retains Adapt IP Ventures to Market Patents and Technology for Automated 3D Ultrasound Imaging System
11. Aethlon Medical to Present the Aethlon ADAPT™ System at C21 BioVentures™ Life Sciences Partnering Conference
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:2/21/2017)... 21, 2017 Mass Spectrometer Market: Overview ... This report on mass spectrometer ... prospects of the market globally. The stakeholders of ... the manufacture and commercialization of various mass spectrometer ... planning to enter this market. This report comprises ...
(Date:2/21/2017)... -- Luminex Corporation (NASDAQ: LMNX ) (the "Company") today ... of a quarterly cash dividend to its shareholders, the first ... payable on April 14, 2017 to shareholders of record as ... The board of directors intends for the Company ... holders of its common stock, representing a planned annual dividend ...
(Date:2/21/2017)... Feb. 21, 2017  Global health services company Cigna ... ® for breast reconstruction surgery and Dermacell ... an advanced acellular dermal matrix developed by LifeNet Health ... NVDQ ) "We are proud ... health-care payers to review the growing base of evidentiary ...
Breaking Medicine Technology:
(Date:2/21/2017)... ... February 21, 2017 , ... Robins ... Clinic in Durant, Oklahoma, on Feb. 21. , The celebration began with a ... members, clinic employees, the construction team and tribal leadership. , Choctaw Nation ...
(Date:2/21/2017)... ... ... Doctors on Liens has announced the addition of Mendonca Spine Care Center ... network of doctors in Central and Northern California. Dr. Mendonca specializes in personal injury ... pain, neck pain, hip and knee pain, and headaches. Specializing in non-surgical, spinal ...
(Date:2/21/2017)... ... February 21, 2017 , ... Ray Insurance Agencies, a Dallas area firm providing ... is embarking on a six month charity event aimed at raising local support and ... is one of the deadliest diseases in America; more than 7.5 million people die ...
(Date:2/21/2017)... ... February 21, 2017 , ... ... announced the further expansion of its eHealth App xChange™, providing clinical researchers ... of Bioclinica’s extensive and growing eHealth platform. Applications that enable patient-centered clinical ...
(Date:2/21/2017)... (PRWEB) , ... February 21, 2017 , ... ... with over 50,000 participants. The connected care demonstration spanned multiple health information ... National Coordinator, roughly 30% of providers have no Health Information Exchange outside of ...
Breaking Medicine News(10 mins):