November 2018 - Seven Hills Capital Announces Recapitalization of Reliable Medical Supply
November 2018 – Seven Hills Capital, LLC (“Seven Hills”) is pleased to announce the recapitalization of Reliable Medical Supply (“RMS”), a provider complex rehab technology (“CRT”), clinical respiratory products, and durable medical equipment (“DME”) and supplies across Minnesota. RMS serves a fragile patient base of pediatric and adult patients with conditions such as ALS, multiple sclerosis, cerebral palsy, severe spinal cord injuries, and stage four COPD, among others.
Reliable Medical Supply (“RMS”) was founded in 1989 and has become a leading provider of CRT solutions across Minnesota and Western Wisconsin. Seven Hills is proud to partner with RMS’s management team led by Deborah Kalk to continue to expand RMS’s leading clinical reputation and service footprint across the Midwest.
“Seven Hills will serve as a key partner in our continued growth. Their hands-on experience building strong regional healthcare service companies and knowledge of the unique challenges and opportunities that exist in the multi-faceted healthcare landscape will enable us to expand our geographic reach, service offerings, and capabilities,” stated Debra Kalk, CEO of RMS. “Seven Hills’s proven approach to value creation through its operator centric partnership with existing management was a key factor in our decision to enter this relationship,” added Katee Dirksen, Vice President of Operations. Kalk, Dirksen, and Neal Frisch, CFO, will continue to lead RMS as the Company enters its next phase of growth.
“We could not be more excited to partner with Debbie, Katee, Neal, and the dedicated management team at RMS. RMS was built on a passion for providing best-in-class clinical care. We are excited to help the Company expand their patient first approach to a larger population,” said Matthew Pettit, Partner at Seven Hills. “We are confident the industry trends will continue to support expansion, thereby enhancing patient access and creating additional opportunities for our team members.”
About Reliable Medical Supply
Headquartered outside of Minneapolis RMS is a leading provider of complex rehab technology, clinical respiratory products, and durable medical equipment and supplies across Minnesota and parts of Western Wisconsin. RMS serves a fragile patient base of pediatric and adult patients with conditions such as ALS, multiple sclerosis, cerebral palsy, a severe spinal cord injury, and stage four COPD, among others. For more information, please visit www.reliamed.com.