Seven Hills Capital has raised capital for Reliable Medical
Headquartered outside of Minneapolis, Reliable Medical is a leading provider of complex rehab technology, clinical respiratory products and durable medical equipment and supplies across Minnesota, Wisconsin, Ohio, Texas, California, Tennessee, Indiana and Kentucky. Reliable Medical serves a fragile patient base of pediatric and adult patients with conditions such as amyotrophic lateral sclerosis (ALS), multiple sclerosis, cerebral palsy, severe spinal cord injuries and stage four chronic obstructive pulmonary disease (COPD), among others. For more information, please visit www.reliamed.com.
Lincoln International has advised Seven Hills Capital in raising additional equity for their portfolio company, Reliable Medical. The funds will be used for further growth initiatives through mergers and acquisitions (M&A) and de novo expansion. This transaction’s complexity was dynamic as Seven Hills balanced negotiating with existing investors and fundraising the necessary growth capital that Reliable Medical required. Lincoln streamlined the go-to-market process for Seven Hills, targeting investors with flexibility and efficient investment allocations. Seven Hills secured a successful outcome with an institutional partner that has committed to providing the initial capital needs of Reliable Medical’s acquisition strategy as well as further follow-on capital.
Matt Pettit, Founding Partner of Seven Hills Capital, stated, “We are excited to execute the strategic vision that expands Reliable Medical’s geographic footprint and product offering, delivering best-in-class services to our patient base.”
Steve Carre, Managing Director in Lincoln’s Private Funds Advisory Group, commented, “Recognizing the shortened timeline of the transaction, we approached a highly targeted set of investors and drove an efficient process, in an effort to secure a synergistic partnership for Seven Hills and Reliable Medical.” Dan Posternak, Managing Director in Lincoln’s Private Funds Advisory Group, added, “Leveraging our deep investor relationships, we are able to support Seven Hills’ successful outcome and establish a foundation for future fundraises.”
Seven Hills Capital
Founded by Matt Pettit, Seven Hills is an operator-centric private equity platform, focused exclusively on opportunities within healthcare services. Operating as an independent sponsor, Seven Hills looks to partner with lower mid-market management teams operating within various healthcare niches and seeks to add the scale necessary to compete in today’s environment. Led by former operators, Seven Hills believes in building long-term businesses through collaboration with all stakeholders.
Lincoln’s tactical approach and critical advice throughout the process was key in helping us navigate a dynamic position for Reliable Medical and partner with a supportive investor to help facilitate future growth.
Meet our Senior Team
I work hand in hand with clients to help drive business improvements and strategic positioning.
View More Transactions with Private Equity Clients
Lincoln International advised Wind Point Partners on the acquisition of Central Moloney Incorporated
Lincoln International has advised EMZ Partners on the sale of ASSEPRO to The Ardonagh Group
Lincoln International advised LEBC Holdings on its agreement to sell Aspira Corporate Solutions to Titan Wealth
Lincoln International advised Scheybeeck on the sale of a majority stake in BUKO Traffic & Safety to Equistone
Lincoln International advised Rivean Capital on the sale of ELCEE Group to Torqx Capital Partners
Any information or testimonials contained in this post may not be representative of the experience of other clients and is no guarantee of future performance or success.