CALABASAS, Calif.--(BUSINESS WIRE)--Nationwide Medical (“Nationwide” or the “Company”), a national provider of home medical equipment (“HME”) and clinical services for patients with chronic sleep and respiratory conditions, is pleased to announce that it has formed a growth partnership with Heritage Group, healthcare-focused private equity firm.
Headquartered in Calabasas, CA, Nationwide operates in 49 states and serves over 100,000 patients.Through its differentiated, tech-enabled offering, Nationwide has demonstrated significant growth and superior clinical outcomes, including therapy adherence rates significantly above industry averages. The Company is led by CEO David Siegel, who has transformed the company into a market leader.
“Today marks an exciting milestone for Nationwide Medical. We have operated as a family-owned business for over 20 years and are incredibly proud of our continued dedication to putting patients first and providing exceptional service to all our stakeholder partners,” said Siegel. “We’re excited to partner with Heritage Group in our next stage of growth, and believe the firm’s unique capabilities and strategic relationships will help unlock tremendous potential for Nationwide.”
This strategic partnership aligns with Heritage Group’s continued commitment to investing in high-quality healthcare services businesses that enhance patient outcomes and reduce overall costs to the healthcare system. “After a targeted search for a platform in the HME sector, we are thrilled to partner with David and the broader Nationwide team,” said Jesse Bland, Partner at Heritage Group. “As the market trend toward managing chronic conditions in the home accelerates, Nationwide’s differentiated clinical engagement model is set up to play a unique role in patients’ lives, and we look forward to being part of that journey.”
TripleTree served as exclusive financial advisor to Nationwide in connection with the transaction, and Leerink Partners served as exclusive financial advisor to Heritage Group.
About Nationwide Medical
Founded in 2002 and based in Calabasas, Calif., Nationwide has provided services to over 100,000 patients across 49 states through its robust, tech-enabled platform. The company offers HME services including continuous positive airway pressure (CPAP), oxygen therapy, non-invasive ventilation (NIV) and continuous glucose monitors (CGM). Nationwide’s differentiated patient support and engagement model has generated best-in-class results with industry leading metrics in patient satisfaction, compliance to therapy and median time on treatment. For more information, visit www.nationwidemedical.com.
About Heritage Group
Heritage Group is a Nashville‐based, healthcare‐focused investment firm with more than 35 years of experience financing and operating healthcare companies at all stages. With ~$1 billion in capital under management, Heritage seeks to make majority and meaningful minority investments in high‐growth healthcare services and healthcare technology businesses that address the challenges of the U.S. healthcare system. The firm’s limited partners include some of the leading healthcare organizations in the nation, including large provider systems, payers and healthcare service providers. For more information, visit www.heritagegroupusa.com.
