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:6/24/2016)... Tenn. , June 24, 2016  Arkis ... providing less invasive and more durable cerebrospinal fluid ... in funding.  The Series-A funding is led by ... Lighthouse Fund, and other private investors.  Arkis, new ... neurosurgical instrumentation and the market release of its ...
(Date:6/23/2016)... , June 23, 2016 ... "Pharmaceutical Excipients Market by Type (Organic Chemical (Sugar, ... Formulation (Oral, Topical, Coating, Parenteral) - Global Forecast to ... The global pharmaceutical excipients market ... at a CAGR of 6.1% in the forecast period ...
(Date:6/23/2016)... , June 23, 2016 ... CAPR ), a biotechnology company focused on the ... announced that patient enrollment in its ongoing randomized ... has exceeded 50% of its 24-patient target. Capricor ... the third quarter of 2016, and to report ...
Breaking Medicine Technology:
(Date:6/27/2016)... Brooklyn, NY (PRWEB) , ... June 27, 2016 ... ... is using cutting edge technology to revolutionize the emergency ambulance transport experience for ... Many are aware of how Uber has disrupted the taxi industry through the ...
(Date:6/26/2016)... ... June 26, 2016 , ... PawPaws brand pet ... product that was developed to enhance the health of felines. The formula is all-natural ... two main herbs in the PawPaws Cat Kidney Support Supplement Soft Chews ...
(Date:6/25/2016)... ... , ... The temporary closing of Bruton Memorial Library on June 21 due to a possible ... often overlooked aspect of head lice: the parasite’s ability to live away from a human ... but a necessary one in the event that lice have simply gotten out of control. ...
(Date:6/25/2016)... , ... June 25, 2016 , ... On Friday, June ... a Bronze Wellness at Work award to iHire in recognition of their exemplary accomplishments ... of the 7th annual Maryland Workplace Health & Wellness Symposium at the BWI Marriott ...
(Date:6/24/2016)... , ... June 24, 2016 , ... Marcy was in a crisis. Her son James, ... out at his family verbally and physically. , “When something upset him, he couldn’t control ... use it. He would throw rocks at my other children and say he was going ...
Breaking Medicine News(10 mins):