Strive Medical, a portfolio company of NMS Capital, has acquired the urology division of United States Medical Supply, strengthening its national footprint.
Strive Medical is a specialty provider of urology, wound care and other disposable medical supplies that has contracts with more than 24 state Medicaid programs and more than 5,000 private insurance plans.
“This transaction marks an important step in advancing Strive’s commitment to investing in the urology specialty DME market in the areas where we have deep expertise and are central to our long-term growth strategy,” said Todd Philbrick, CEO of Strive. “We are thrilled to begin this next chapter for Strive, which deepens our national footprint, and we value this partnership with US MED through the transition.”
Strive Medical began servicing US MED’s urology patients and referral sources on Feb. 28, 2022.
US MED is a subsidiary of Advanced Diabetes Supplies, a portfolio company of Court Square Capital. US MED was acquired by ADS in 2021, and ADS was acquired by Court Square in 2020.
The M&A market for healthcare companies continues to strengthen in 2022 ahead of projected increases in US capital gains taxes. There is unprecedented capital in market, the lowest interest rates in US history and strong acquirer motivations for high quality healthcare companies. Across the continuum of care, buyers and investors are looking for well established, profitable businesses and offering strong valuations and options for management.
Do you know the current market value of your business? We do! We are here to help you plan, prepare, explore and succeed in executing your strategic options.
Contact Paragon Ventures for more information.
800-719-1555
