Private Equity Firm Partners with Management in Leading Moveable Medical Equipment Rental Company
AUSTIN, November 10, 2017 – Owner Resource Group, LLC (“ORG”) announced today it has made an investment in US Med-Equip (“USME”), a leading company in the rental moveable medical equipment (“MME”) industry.
The Austin-based ORG partnered with the management of USME in recapitalizing the business to facilitate capital for continued geographic expansion, product line extensions and acquisitions.
Headquartered in Houston, TX, USME provides MME to the healthcare market, primarily to hospitals and long-term acute care centers. USME rents a wide range of moveable equipment across various clinical applications, including respiratory, neonatal and infusion. USME maintains a rental fleet of more than 27,000 pieces of equipment and serves its customers across 20 facilities located across the central and southern regions of the country.
“We look forward to our partnership with USME and its proven management team,” said ORG Managing Director Jon Gormin. “USME has an outstanding track record of growth, reliability and customer service which ORG looks forward to supporting. With growing market share in its existing geographic footprint, the company is well positioned for expansion while continuing to provide the highest levels of service to its outstanding customers.”
“We’ve enjoyed getting to know the team at Owner Resource Group and are excited about our partnership,” said Gurmit Bhatia, CEO of USME. “ORG has a strong reputation for facilitating growth while supporting management’s focus on operational execution and serving our customers’ needs. We look forward to working with the ORG team and together we expect continued success as we enter into our next phase of growth.”
USME partners with leading group purchasing organizations (GPOs) and integrated delivery networks (IDNs) to provide rental equipment to member hospital facilities. USME maintains a 24-7 customer service model with industry-leading equipment delivery times.
“Serving our customers so that they can provide the best medical care is our top priority,” said Greg Salario, Chief Development Officer of USME. “Leveraging ORG’s experience, we are excited to embark on our geographic expansion plans to further serve our GPO and IDN partners.”
For additional information, please visit www.orgroup.com or contact Will Burnett (wburnett@orgroup.com or 512-505-4180).
Owner Resource Group, LLC
Owner Resource Group is an Austin, Texas based private investment firm founded to bring superior outcomes to privately held businesses. The company makes investments that enable business owners and management teams the ability to pursue their objectives and accelerate the growth of their companies in a disciplined manner. ORG appreciates an owner’s need for fairness, certainty, flexibility and confidentiality when considering a transaction. After a transaction, the ORG philosophy is to align our interests with management to support the existing culture and the continued growth.
The firm is most helpful to businesses with the following aspirations:
» Business owners hoping to achieve a full or partial exit
» Businesses looking to expand their capabilities, offerings or geographic reach
» Management teams that would like to establish or increase their ownership in a business