CALABASAS, Calif.–(BUSINESS WIRE <https://www.businesswire.com/>
)–Nationwide Medical (“Nationwide” or the “Company”), a
national provider of home medical equipment (“HME”) and
clinical services for patients with chronic sleep and respiratory
conditions, is pleased to announce that it has formed a growth
partnership with Heritage Group, healthcare-focused private
equity firm.
“Today marks an exciting milestone for Nationwide Medical. We
have operated as a family-owned business for over 20 years and
are incredibly proud of our continued dedication to putting
patients first and providing exceptional service to all our
stakeholder partners”
Headquartered in Calabasas, CA, Nationwide operates in 49 states
and serves over 100,000 patients.Through its differentiated,
tech-enabled offering, Nationwide has demonstrated significant
growth and superior clinical outcomes, including therapy
adherence rates significantly above industry averages. The
Company is led by CEO David Siegel, who has transformed the
company into a market leader.
“Today marks an exciting milestone for Nationwide Medical. We
have operated as a family-owned business for over 20 years and
are incredibly proud of our continued dedication to putting
patients first and providing exceptional service to all our
stakeholder partners,” said Siegel. “We’re excited to partner
with Heritage Group in our next stage of growth, and believe the
firm’s unique capabilities and strategic relationships will help
unlock tremendous potential for Nationwide.”
This strategic partnership aligns with Heritage Group’s
continued commitment to investing in high-quality healthcare
services businesses that enhance patient outcomes and reduce
overall costs to the healthcare system. “After a targeted search
for a platform in the HME sector, we are thrilled to partner with
David and the broader Nationwide team,” said Jesse Bland,
Partner at Heritage Group. “As the market trend toward managing
chronic conditions in the home accelerates, Nationwide’s
differentiated clinical engagement model is set up to play a
unique role in patients’ lives, and we look forward to being
part of that journey.”
About Nationwide Medical
Founded in 2002 and based in Calabasas, Calif., Nationwide has
provided services to over 100,000 patients across 49 states
through its robust, tech-enabled platform. The company offers HME
services including continuous positive airway pressure (CPAP),
oxygen therapy, non-invasive ventilation (NIV) and continuous
glucose monitors (CGM). Nationwide’s differentiated patient
support and engagement model has generated best-in-class results
with industry leading metrics in patient satisfaction, compliance
to therapy and median time on treatment. For more information,
visit www.nationwidemedical.com
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Fwww.nationwidemedical.com&esheet=54165712&newsitemid=20241212626
157&lan=en-US&anchor=www.nationwidemedical.com&index=1&md5=ef9071
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About Heritage Group
Heritage Group is a Nashville‐based, healthcare‐focused
investment firm with more than 35 years of experience financing
and operating healthcare companies at all stages. With ‾$1
billion in capital under management, Heritage seeks to make
majority and meaningful minority investments in high‐growth
healthcare services and healthcare technology businesses that
address the challenges of the U.S. healthcare system. The firm’s
limited partners include some of the leading healthcare
organizations in the nation, including large provider systems,
payers and healthcare service providers. For more information,
visit www.heritagegroupusa.com
<https://cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2
Fwww.heritagegroupusa.com&esheet=54165712&newsitemid=202412126261
57&lan=en-US&anchor=www.heritagegroupusa.com&index=2&md5=82000fe5
7a1e69805d6086e1b1838ba3> .
The M&A market for healthcare companies continues to build on STRATEGIC opportunities and a fragmented market. Consolidations along with unprecedented demand are driving scale across the continuum of care. The strategic corporate buyers and private equity investors remain committed to acquiring strong businesses that are well prepared for a transaction. Across the continuum of care, these buyers and investors are looking for well established, profitable businesses and offering prime 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
