Tailwind Capital has acquired National HME, a provider of medical equipment management services to the hospice market.
In addition to its medical equipment services, National HME also provides ordering and invoicing as well as data on utilization, cost trends and network management for reporting and analytics. The company provides services to over 225 hospice agencies operating in 35 states. National HME was founded in 2006 by Joshua Robertson and is based in Dallas (www.nationalhme.com).
“Tailwind is excited to partner with NHME to continue providing this high-quality service to the growing hospice end market. We believe there are substantial growth opportunities for the company – through both organic initiatives and add-on acquisitions,” said Geoff Raker, a partner at Tailwind.
Tailwind makes investments of $25 million to $100 million in lower middle market companies with enterprise values of up to $300 million that are active in the healthcare, business and communications services sectors. Since its founding in 2003, Tailwind has invested over $1 billion in 27 portfolio companies and has completed over 65 add-on acquisitions. The firm has 27 investment professionals and senior operating executives and is based in New York (www.tailwind.com).
Tailwind was represented by CoveView Advisors, a Stamford-based financial advisor (www.coveviewadvisors.com).
© 2015 PEPD • Private Equity’s Leading News Magazine • 7-29-15
