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 H.I.G. Capital on the sale of Elekeiroz to Oswaldo Cruz Química
Lincoln International advised C3 Capital on the sale of WiseConnect to GridSource, a portfolio company of Hastings Equity Partners
Lincoln International advised Empower Rental Group, a portfolio company of Crossplane Capital, in receiving new debt financing to support M&A
Lincoln International advised Summit Park on the sale of Tennessee Industrial Electronics to Diploma PLC
Lincoln International advised Saw Mill Capital on the sale of Meteor Education to Bain Capital Double Impact
Lincoln International advised Syst'am, a portfolio company of Meanings Capital Partners, on the acquisition of Järven Health Care
Lincoln International advised founders in the sale of a majority stake in gastromatic to The Riverside Company
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.