Private equity firms Clayton, Dubilier & Rice, LLC and GS Capital Partners have agreed to acquire HGI Holdings Inc., a specialty medical products distributor based in Cleveland, OH. The company sells products into chronic disease market segments.
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The company operates through two segments, Edgepark Medical Supplies and Independence Medical. Edgepark contracts directly with more than 600 managed care organizations to provide direct-to-consumer home delivery of products to 300,000 patients, while also providing MCOs with services that drive utilization, billing efficiencies and patient compliance.
Independence serves as an outsourced supply chain for 5,500 commercial customers, including durable medical equipment suppliers, independent pharmacies and wholesale distributors.