Private equity firm Gauge Capital has acquired Reliable Medical. Broadly, the move signals continued investor interest in the Complex Rehabilitation Technology and mobility sector amid demographic tailwinds and persistent demand for specialized care. Financial terms of the deal were not disclosed. “[Reliable CEO Charles Sargeant] and the broader Reliable management team have done an excellent…
Gauge Capital Invests in Reliable Medical, Sets Sights on Next Phase of Expansion
Numotion Launches LMN Navigator to Facilitate Documentation Process
The new system can support therapists and other health-care professionals with limited seating evaluation experience.
Numotion has introduced a way to facilitate the intensive, highly detailed documentation work required for Complex Rehab Technology (CRT) orders. The new LMN [letter of medical necessity] Navigator is “a first-of-its-kind documentation platform designed to streamline, simplify and strengthen the process of completing mobility evaluations,” Numotion said in a Sept. 10 news announcement. “LMN Navigator…
Amylior Signs American Distribution Agreement with Ormesa
The agreement includes the Juditta, Bug, and Grillo product lines.
Amylior has become the new American distributor for several adult and pediatric products from Italian manufacturer Ormesa. “We are very pleased to announce our partnership with Ormesa, a collaboration that perfectly aligns with our mission and values,” said M. Eric Dugas, Amylior’s president, in an Aug. 20 announcement. “This exciting alliance reflects a shared commitment…
New Merits, Hoveround Partnership to Optimize Supply Chain, Expand Product Offerings
The two companies will continue to operate as separate businesses.
Merits Health Products USA and Hoveround Mobility Solutions (HMS) have announced a strategic business partnership that will impact a number of the companies’ operational processes. In an Aug. 1 press release, Hoveround said the new partnership would “enhance manufacturing efficiency, optimize supply chain operations, and expand product offerings. This collaboration enables HMS to strengthen its…
Waud Capital Partners Announces Collaboration with Former CRT Executive Bill Mixon
Mixon served for nine years as the CEO of National Seating & Mobility.
Waud Capital Partners, a middle-market private equity firm, has announced an executive partnership with Bill Mixon, a veteran leader within the Complex Rehab Technology (CRT) and home medical equipment (HME) segments. Waud Capital and Mixon will “pursue a platform investment in the medical device and supply chain services market,” Waud Capital said in a July…