Founded in 1989 and headquartered in Nashville, Tennessee, Reliable Medical is a provider of Complex Rehabilitation Technology (“CRT”) and related mobility and home medical equipment solutions across the United States. Reliable specializes in the evaluation, fitting, assembly, and service of custom mobility solutions for patients with severe and permanent mobility impairments. The Company has built a strong reputation as a trusted clinical and service partner to patients, referral sources, and payors through its experienced Assistive Technology Professionals (“ATPs”) and high-touch post-delivery service model. Gauge acquired Reliable Medical from its prior sponsor, Seven Hills Capital.
“The CRT sector serves patients with complex medical needs, and Reliable has developed the specialized expertise and service infrastructure to meet those needs exceptionally well,” said Phillip Knotts, Managing Director at Bailey & Company. “Under CEO Charles Sargeant’s leadership, management has built strong operational capabilities and deep market relationships that position the Company for accelerated growth. We congratulate Reliable on its success with Seven Hills and are excited about its new partnership with Gauge, which has an impressive track record of scaling healthcare services companies. We were honored to advise Gauge on this important transaction and look forward to Reliable’s continued growth.”
“Bailey & Company brought deep expertise in the CRT and HME sectors to this transaction,” said David Friedman, Partner at Gauge Capital. “Their knowledge of the market, competitive landscape, and investor community, combined with their thoughtful advice, was invaluable.”
ABOUT GAUGE CAPITAL
Gauge Capital is a middle-market private equity firm based in Southlake, Texas. Gauge invests in five key sectors: business services, food & consumer, government & industrial services, healthcare, and technology. The firm manages more than $3.0 billion in capital. For more information, please contact Chris Garvin, Principal, Business Development at cgarvin@gaugecapital.com.
Bailey & Company is a Nashville-based merchant banking platform focused on middle market healthcare companies in the healthcare services, healthcare technology, payer services and pharma services/medtech/life sciences sectors. As one of the largest independent, sector-focused investment banking and investing platforms in the country, Bailey & Company supports strong management teams that have built scalable platforms by providing strategic insights, world-class advice and access to one of the most diverse networks of industry experts. For more information see: www.bnco.com
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