Reliable Medical has grown its reach in Texas.
In an Aug. 30 news announcement, the complex seating and wheeled mobility provider said it had acquired Complex Rehab Technologies Inc. (CRT).
Rose Espinoza, the CEO of CRT, will transition to Reliable Medical and serve as a region VP, the announcement added.
Katie Stevens, Reliable Medical’s CEO, said of the acquisition, “We are pleased to welcome CRT to the Reliable family. As a company we are committed to focusing on intentional growth for the right reasons by targeting companies who share the people-centric approach that has led to Reliable’s success. Our ongoing partnership with Rose and the CRT team will serve as a paramount example of intentional growth, and our commitment to people-first cultures.”
“It was clear that our cultures aligned,” Espinoza said. “This partnership, under Katie Stevens’ leadership, will set the standard on how we can still achieve high-level patient care and access in an industry that is rapidly changing. We are proud to be a part of this growing organization and are ready to lead the industry by ensuring that our first commitment will always be the patients we serve.”
Reliable Medical partnered with Seven Hills Capital, a private equity platform, to secure the acquisition.
Matthew Pettit of Seven Hills Capital said in the announcement, “We partnered with Reliable to help the company expand their patient-first approach to a larger population. The CRT acquisition is another meaningful step forward in executing this strategy and expanding RM’s [Reliable Medical’s] footprint to a new geographic area. We are excited to welcome the CRT team to the continuously expanding RM team to continue our growth plans.”
