Media

H.I.G. Capital, a private equity firm, announced today that it has sold its portfolio company, US Medical Supply, to Advanced Diabetes Supply. US Medical Supply is a direct-to-consumer specialty distributor of Continuous Glucose Monitors (CGMs) and medical supplies. The terms of the transaction were not disclosed. H.I.G. Capital acquired US Medical Supply in 2017 and helped the company grow its business through strategic investments and acquisitions. The sale of US Medical Supply to Advanced Diabetes Supply is a sign of the growing demand for diabetes supplies in the United States.

U.S. MED, a provider of home medical equipment and services, has grown its business by focusing on customer needs and market dynamics. The company’s chief compliance operator, Mary Ellen Conway, says that “skill, not luck,” has been the key to their success. She attributes their growth to a deep understanding of stakeholder needs, market dynamics, and company core competencies. Conway says that U.S. MED is committed to providing high-quality products and services that meet the needs of their customers.

Wright & Filippis, a Michigan-based home medical equipment provider, has announced that it will be exiting the diabetes market. The company has entered into an agreement to sell its diabetic supply business to US MED, another home medical equipment provider. The sale is expected to close in the third quarter of 2023. The move is part of Wright & Filippis’s strategic plan to focus on its core business of providing home medical equipment and services to patients with chronic diseases.