Incline Equity Partners (“Incline”), a Pittsburgh-based private equity firm, is pleased to announce its partnership with Montgomery DME (“MDME” or the “Company”), a leading provider of durable medical equipment rental services to the hospice market.
Based in Santa Fe Springs, CA, MDME provides its customers’ patient populations with an array of equipment, including beds, oxygen systems, wheelchairs, bath safety products and other related devices. The Company acts as a critical extension of its hospice partners by providing full-service equipment delivery and maintenance through its highly trained team of technicians. With five strategically located facilities across Southern California, the Company serves over 400 hospice agencies in the region.
“For over 25 years, we have remained dedicated to providing compassionate care alongside our hospice partners,” said Ron Galan, President of MDME. “For our next phase of growth, we wanted a partner that shared our core values and vision for continuing to offer the highest levels of care. Incline’s strategic resources and guidance will allow us to serve our hospice partners more effectively and expand our capabilities within our core and adjacent markets. We are enthusiastic about what the future holds for MDME.”
“We are grateful for the opportunity to partner with Ron and the Company’s outstanding management team,” said Bob Erwin, Partner at Incline. “MDME’s compassionate care, responsive service and access to high-quality equipment create an unmatched value proposition for its hospice customers. We believe there is significant opportunity for continued expansion through bolstering the Company’s sales capabilities and exploring logical add-on targets. We look forward to teaming with MDME in its next phase of growth while upholding its excellent standard of care.”
The M&A market for healthcare companies continues to strengthen in 2022 with strategic corporate buyers and private equity investors. Across the continuum of care, these buyers and investors are looking for well established, profitable businesses and offering strong valuations and options for management.
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Contact Paragon Ventures for more information.
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