H.I.G. Capital has acquired United States Medical Supply, a direct-to-consumer mail-order medical supply business.
United States Medical Supply (US MED) provides medical supplies to patients suffering from chronic conditions, including diabetes, sleep and respiratory disorders, and urological conditions who need supplies daily. Products include diabetic testing supplies, CPAP (continuous positive airway pressure) masks and machines, catheters, orthotics, and prescription medications. The company specializes in servicing patients covered by Medicare, Medicaid and private health insurance. US MED is accredited by the Accreditation Commission for Healthcare. The company was founded in 1996 by its CEO Zachary Schiffman and is headquartered just west of Miami in Doral, FL (www.us-med.com).
“We identified US MED as an industry leader with a proven track record, patient-centric model, efficient operating platform, and a talented metrics-driven management team,” said Camilo Horvilleur, Managing Director at H.I.G. Capital. “We are excited to partner with Zachary and management to support their strategic growth plan, particularly by pursuing add-on acquisitions.”
“We are thrilled to partner with H.I.G. – they have a strong history of working with healthcare and founder-owned companies to accelerate growth and increase value to patients,” said Mr. Schiffman.
H.I.G. Capital specializes in providing capital to small and medium-sized companies and invests in management-led buyouts and recapitalizations of manufacturing or service businesses. H.I.G. has more than $19 billion of capital under management. The firm was founded in 1993 and is based in Miami with additional offices in Atlanta, Boston, Chicago, Dallas, New York, San Francisco, London, Hamburg, Madrid, Milan, Paris, and Rio de Janeiro (www.higcapital.com).
2015 PEPD • Private Equity’s Leading News Magazine • 8-21-15
