Nationwide Medical enters into partnership with heathcare PE firm
Calabasas-based Nationwide Medical, a national provider of home medical equipment and clinical services for patients with chronic sleep and respiratory conditions, announced that it has entered into a growth partnership with Heritage Group, a healthcare-focused private equity firm.
Announced Dec. 12, this partnership will help Nationwide in the next stage of growth and Heritage’s “unique capabilities and strategic relationships will help unlock tremendous potential for Nationwide,” CEO David Siegel said in a press release.
Nationwide operates in 49 states and serves over 100,000 patients. The company has “demonstrated significant growth and superior clinical outcomes, including therapy adherence rates significantly above industry averages,” according to a press release.
“After a targeted search for a platform in the HME sector, we are thrilled to partner with David and the broader Nationwide team,” Jesse Bland, partner at Heritage Group, said in a press release.
“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.”
TripleTree served as the exclusive financial advisor to Nationwide in connection with the transaction, and Leerink Partners served as the exclusive financial advisor to Heritage Group.
