PNC, Medley Provides Financing for Riverside Acquisition
The Riverside Company has acquired Premier Medical Corporation, a provider of rental respiratory equipment, liquid oxygen, durable medical equipment and related services to skilled nursing facilities and hospices in Colorado, New Mexico and Wyoming. PNC and Medley Capital provided financing for the transaction.
The acquisition is an add-on to platform company Specialized Medical Services, Inc. (SMS). This is the fourth add-on to SMS, including its merger with RCS Management in March 2012.
Based in Denver, Premier adds direct infrastructure in key Western markets to SMS, and solidifies SMS