Roscoe Medical Acquired by River Associates
Roscoe Medical has announced that it has finalized a recapitalization of the company with River Associates LLC, a private equity investment group based in Chattanooga, Tenn.
The transaction is part of the succession plan by Roscoe's owner and founder, Rochelle Thuener, that allows for her retirement as well as transition of partial ownership to the company's current management team.
"Our new partnership with River Associates will allow Roscoe Medical to enter a new phase of growth that will do nothing but improve our service to home medical equipment dealers," Thuener said. "Our customers can expect to see expanded product lines and new services in the coming years that will help them better serve their patients and make their jobs easier."
For more information, visit www.roscoemedical.com.
This article originally appeared in the February 2006 issue of HME Business.