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FOR IMMEDIATE RELEASE
January 6, 2016
Tailwind Capital, a leading middle market private equity firm investing in growth-oriented companies, acquired Therapy Support, Inc., through a merger with their portfolio company, National HME, Inc. The announcement was made by Geoffrey Raker, Partner at Tailwind, William Monast, President and CEO of National HME and Brian and David Pavlin, co-founders of Therapy Support. Allied Business Group acted as the exclusive financial advisor to Therapy Support in the transaction.
Geoffrey Raker, partner at Tailwind said, "This key acquisition aligns with our vision for the continued growth of National HME, and further expands our DME benefit management geographic footprint."
Therapy Support is a multi-state, full-service provider of durable medical equipment for the hospice and long-term care industries consisting of 21 full-service locations in 8 states.
"Therapy Support has built a very solid organization, delivering the highest level of customer service and quality equipment for their hospice partners and the patients they serve; we're thrilled to add their expertise to our team," said Monast.
"Therapy Support and National HME together is the winning team. Our combined strengths offer a new, higher level of DME expertise. Large and small hospices will gain competitive advantages through this important merger," said Brian and David Pavlin.
Headquartered in Springfield, Missouri, Therapy Support is the premier provider of durable medical equipment to the hospice and long-term care industries. Therapy Support was founded in 1997 and now serves more than 12,000 patients with 213 employees across Ohio, Missouri, Michigan, Kansas, Nebraska, Oklahoma, and Pennsylvania.
Based in Richland Hills, Texas, National HME provides high-quality home medical equipment to the hospice industry. National HME serves over 500 hospice programs daily and offers around-the-clock customer service through 40 service centers and a large network of durable medical equipment suppliers.