Seven Hills Capital has raised capital for Reliable Medical
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.
The Deal
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.”
Our Perspective
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 am inspired by the opportunity and privilege to work alongside passionate and focused people, helping them achieve their goals and ultimately push beyond the edge of possible.
Stephen Carre
Managing Director & Co-head of Private Funds Advisory
New York
Partnering with best-in-class sponsors to identify and implement creative capital raising solutions has inspired me throughout my career.
Dan Posternak
Managing Director & Co-head of Private Funds Advisory
New York
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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.