The Riverside Company, a global private equity firm, has acquired Future Medical, Waterford, MI. Future Medical is a provider of rental respiratory equipment, liquid oxygen and related services to skilled nursing facilities in 13 Midwestern and Southeast states.
Download a Free Chapter:
The Little Black Book of Strategic Planning for Distributors
Submit your email address below to receive a chapter of Brent Grover's new book. When you submit your email you will be signed up to receive weekly distribution news updates.
The acquisition is an add-on to platform company Specialized Medical Services, Inc. (SMS), which merged with RCS Oxygen in March 2012.
The acquisition of Future Medical expands upon SMS's position as a provider of respiratory equipment, oxygen and related products and services to nursing homes and hospices throughout the U.S.
"This acquisition adds an excellent customer base and outstanding facilities," said Riverside Managing Partner Loren Schlachet. "Future Medical allows SMS to seamlessly enter some new markets while strengthening its already impressive national position."
Please do not reprint MDM's content on your website without MDM's express permission as it is copyrighted material. To gain permission, email us, or call 1-888-742-5060. For information on PDF or print reprints, visit www.mdm.com/reprints. MDM welcomes inbound links from your site. Please cite Modern Distribution Management.
Download the Top 40 Industrial Distributor List
Get the Top 40 Industrial Distributors list in PDF, and you will be signed up to receive MDM Update, your free daily distribution news update by email.