Audax Private Debt announced that, as Administrative Agent and Joint Lead Arranger, it provided a senior secured credit facility to support US Med-Equip’s acquisition of Freedom Medical, a leading provider of rental medical equipment and related outsourced support services to hospitals and long-term care centers throughout the U.S.
Houston-headquartered US Med-Equip partners with top hospitals across the nation for the rental, sales, service and asset management of movable medical equipment—diagnostic and clinical devices ranging from infant incubators to ventilators and more. USME is a portfolio company of private equity firm Freeman Spogli & Co.
“As a record number of hospitals turn to suppliers for life-saving equipment, US Med-Equip will be well-positioned to capitalize on future growth opportunities with the addition of Freedom Medical,” said Remington Chin, Managing Director at Audax Private Debt. "We are pleased to partner with management and Freeman Spogli in this exciting next chapter.”
About US Med-Equip
Founded in 2003 and headquartered in Houston, Texas, US Med-Equip LLC is a leading value-added distributor and rental and related services provider of moveable medical equipment used in hospitals. The company provides equipment rentals across five core product categories – respiratory, beds and therapeutic support surfaces, infusion, monitoring, and central supply / NICU. For more information, please visit www.usme.com.