Strongsville, OH – July 31, 2013 – Roscoe Medical, a major manufacturer and distributor of home medical equipment, announced today that it has finalized a recapitalization of the company with Tenex Capital Management, a private equity investment group based in New York, NY.
“This is a great fit for Roscoe Medical, and another chapter in the growth story of the company,” said Paul Guth, President and CEO of Roscoe Medical. “By partnering with Tenex, we will have the financial support and operational strength we need to take Roscoe Medical to the next level.”
Varun Bedi, Managing Director and Principal of Tenex Capital Management added, “We are very excited to partner with Roscoe Medical. The company and its employees have demonstrated a commitment to their customers that has impressed us all. We look forward to continued success.”
Over the past twenty years, Roscoe Medical has grown from a small distributor of respiratory parts and supplies to a full service manufacturer of innovative home health care products. The Company’s complementary product portfolio consists of pain management, respiratory therapy, home medical equipment, sleep therapy and health and beauty products and accessories. The Company has relationships with over 3,100 active customers that serve a number of attractive patient and consumer care end markets including chiropractors, physical therapists, pain management physicians, internet retailers and home care dealers.
About Tenex Capital Management
Tenex Capital Management, LLC (“Tenex”) is a private equity firm with $452M of committed capital that makes control investments in middle market companies.
Tenex utilizes an in-house team of hybrid professionals skilled in operational leadership, investing and capital markets structuring to maximize long-term value creation within our portfolio companies.
Tenex is based in New York City. For additional information, please visit www.tenexcm.com.
About Roscoe Medical
Roscoe Medical, headquartered in Strongsville, Ohio, is a major manufacturer and distributor of innovative healthcare products that promote independence and better living in the homecare setting. The company’s core product lines include respiratory products, CPAP products, pain management products and durable medical equipment. Serving customers throughout the U.S., Canada and Puerto Rico, the company is known for its superior customer service, quality products and competitive prices. For more information about the company and its products, visit Roscoe Medical’s website at www.roscoemedical.com.