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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.
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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."