Summary: Home medical equipment company Nationwide Medical has partnered with healthcare-focused private equity firm Heritage Group to drive its next phase of growth.
Key Takeaways:
- Nationwide Medical operates in 49 states, serving over 100,000 patients with HME and clinical services, including CPAP, oxygen therapy, and noninvasive ventilation.
- eritage Group specializes in high-growth healthcare services and technology investments aimed at improving patient outcomes and reducing healthcare costs.
- The partnership aligns with the increasing shift toward managing chronic conditions in the home, positioning Nationwide to play a critical role in patient care.
Nationwide Medical, a national provider of home medical equipment (HME) and clinical services for patients with chronic sleep and respiratory conditions, has formed a growth partnership with Heritage Group, a healthcare-focused private equity firm.
Headquartered in Calabasas, CA, Nationwide operates in 49 states and serves over 100,000 patients. The company offers HME services including CPAP, oxygen therapy, noninvasive ventilation, and continuous glucose monitors. CEO David Siegel leads it, and, according to a company press release, Nationwide differentiates itself via a tech-enabled offering that facilitates “superior clinical outcomes,” including therapy adherence rates above industry averages.
“Today marks an exciting milestone for Nationwide Medical. We have operated as a family-owned business for over 20 years and are incredibly proud of our continued dedication to putting patients first and providing exceptional service to all our stakeholder partners,” Siegel says in a release. “We’re excited to partner with Heritage Group in our next stage of growth, and believe the firm’s unique capabilities and strategic relationships will help unlock tremendous potential for Nationwide.”
This strategic partnership aligns with Heritage Group’s commitment to investing in high-quality healthcare services businesses that enhance patient outcomes and reduce overall costs to the healthcare system. “After a targeted search for a platform in the HME sector, we are thrilled to partner with David and the broader Nationwide team,” says Jesse Bland, partner at Heritage Group, in a release. “As the market trend toward managing chronic conditions in the home accelerates, Nationwide’s differentiated clinical engagement model is set up to play a unique role in patients’ lives, and we look forward to being part of that journey.”
Heritage Group is a Nashville‐based, healthcare‐focused investment firm with more than 35 years of experience financing and operating healthcare companies at all stages. With ~$1 billion in capital under management, Heritage seeks to make investments in high‐growth healthcare services and healthcare technology businesses that address the challenges of the US healthcare system.
TripleTree served as the exclusive financial advisor to Nationwide in connection with the transaction, and Leerink Partners served as the exclusive financial advisor to Heritage Group.
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