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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
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SOURCE GMH Ventures
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