Southlake, TX –Gauge Capital (“Gauge”) announced that it has partnered with the management team of Reliable Medical (https://reliamed.com) (“Reliable” or the “Company”) to provide growth capital and complete a recapitalization of the business. Founded in 1989 and headquartered in Nashville, Tennessee, Reliable Medical is a provider of Complex Rehabilitation Technology (“CRT”) and related mobility and home medical equipment solutions across the United States. Reliable specializes in the evaluation, fitting, assembly, and service of custom mobility solutions for patients with severe and permanent mobility impairments. The Company has built a strong reputation as a trusted clinical and service partner to patients, referral sources, and payors through its experienced Assistive Technology Professionals (“ATPs”) and high-touch post-delivery service model. Gauge acquired Reliable Medical from its prior sponsor, Seven Hills Capital.
“Reliable was founded with a people-first mindset and a deep commitment to clinical excellence,” said Charles Sargeant, Chief Executive Officer of Reliable Medical. “We are proud of the team we’ve built and the care we provide to the people we serve. We’re excited to partner with Gauge, whose experience scaling healthcare services businesses will help us invest further in our people, expand access to care, and accelerate our growth in a thoughtful and disciplined way while staying true to what matters most: serving our customers well.”
David Friedman, Partner at Gauge Capital, added, “Charles and the broader Reliable management team have done an excellent job building a differentiated CRT platform with strong clinical capabilities, durable reimbursement characteristics, and a compelling growth profile. We have been impressed by Reliable’s operational discipline, its ability to recruit and develop ATP talent, and its track record of executing both organic growth and strategic acquisitions. We are thrilled to partner with the team in this next chapter.”
David Friedman, Alex Asbill, and Alex Amato of Gauge Capital have joined the Company’s Board of Directors.
About Gauge Capital
Gauge Capital is a middle-market private equity firm based in Southlake, Texas. Gauge invests in five key sectors: business services, food & consumer, government & industrial services, healthcare, and technology. The firm manages more than $3.0 billion in capital. For more information, please contact Chris Garvin, Principal, Business Development at cgarvin@gaugecapital.com.
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