The Riverside Company has sold Specialized Medical Services to Lincare Holdings

Lincoln International (“Lincoln”), a leading global mid-market investment bank, is pleased to announce the sale of Specialized Medical Services, Inc. (“SMS” or the “Company”) to Lincare Holdings Inc. (“Lincare”), a subsidiary of Germany-based Linde AG.

SMS is the largest national outsourced provider of respiratory equipment logistics solutions and related medical products to the long-term care industry, which includes skilled nursing facilities, assisted living facilities, and home care and hospice patients. Lincoln acted as the exclusive sell-side advisor to The Riverside Company and SMS, working closely with the shareholders and the management team throughout the sale process to provide advisory expertise and manage the marketing, due diligence and negotiation phases of the transaction.

About Specialized Medical Services

Headquartered in Milwaukee, Wisconsin, SMS was founded in 1988 and is the leading national provider of logistics and services related to respiratory equipment, oxygen services and other medical equipment and products to the LTC industry. For more information visit www.specializedmed.com.

About Lincare

Headquartered in Clearwater, Florida, Lincare is one of the nation’s largest providers of oxygen and other respiratory therapy services to patients in the home. The Company provides services and equipment, operating from over 800 locations in 48 U.S. states, and employs approximately 12,500 people. For more information, visit www.lincare.com.

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