Nationwide Medical announced on December 12 that it has formed a growth partnership with Nashville, Tennessee-based Heritage Group.
Nationwide Medical is a national provider of home medical equipment and clinical services for patients with chronic sleep and respiratory conditions. Headquartered in Calabasas, California, Nationwide operates in 49 states and serves more than 100,000 patients.
Founded in 1986, Heritage Group is a healthcare-focused private equity firm with approximately $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.
TripleTree served as exclusive financial advisor to Nationwide, and Leerink Partners served as exclusive financial advisor to Heritage Group. Financial terms of the deal were not disclosed.
The Nationwide Medical partnership marks the 91st Home Health & Hospice transaction of the year, and the 22nd in the durable medical equipment/respiratory home care (DME/RHC) specialty. There were 21 DME/RHC deals announced during 2023, and 19 announced during 2022.
