Silver Oak Services Partners, LLC Partners with Management to Recapitalize Geriatric Medical
Evanston, IL – January 29, 2021 — Silver Oak Services Partners, LLC (“Silver Oak”), a leading lower-middle market private equity firm focused exclusively on business, consumer, and healthcare services companies, is pleased to announce that it has recapitalized Geriatric Medical & Surgical Supply, Inc. (“Geriatric Medical” or the “Company”) in partnership with management. Geriatric Medical also received loans as part of a recapitalization of the company by lower middle-market private equity firm Silver Oak Services Partners.
About Geriatric Medical
Founded in 1945 and headquartered in Woburn, MA, Geriatric Medical is a leading full-line distributor of consumable medical supplies and ancillary products to post-acute care providers throughout New England. The Company’s product offering includes 30,000+ products across 260+ categories including incontinence, nutritional, gloves, infection control, diagnostics and others. Geriatric Medical services over 600 skilled nursing facilities (“SNFs”) and over 80 durable medical equipment (“DME”) homecare accounts on behalf of patient-direct providers.
Geriatric Medical is actively seeking add-on opportunities within the post-acute medical supplies space.
About Silver Oak Services Partners
Founded in 2005 and based in Evanston, IL, Silver Oak Services Partners is a lower-middle market private equity firm focused on partnering with exceptional management teams to build industry leading business, consumer, and healthcare service companies. Silver Oak utilizes a proactive, research-led investment process to identify attractive services sectors and seek out the best potential management teams and investment opportunities. Silver Oak seeks to make control investments in leading service businesses with $15 to $150 million in revenue. The firm is currently investing out of its fourth fund, a $500 million investment vehicle.
The M&A market for healthcare companies continues to strengthen in 2021. 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.
www.paragonventures.com
800-719-1555
