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Ancor and Merit Report Sale of Carex Health Brands to Tenex Capital Management [Professional Services Close - Up]
[April 16, 2014]

Ancor and Merit Report Sale of Carex Health Brands to Tenex Capital Management [Professional Services Close - Up]


(Professional Services Close - Up Via Acquire Media NewsEdge) Ancor Capital Partners and Merit Capital Partners announced the sale of Carex Health Brands to Tenex Capital Management.

According to a release, Carex Health Brands will be merging with Roscoe Medical, another portfolio company of Tenex Capital Management. The transaction will create a combined company well- positioned to better serve the home healthcare market, with dominant market distribution across all channels from retail to DME and managed care, with a product portfolio that is second to none.



Ancor and Merit acquired Carex Health Brands in 2010, and led the company through three strategic acquisitions to further diversify its product line and customer base.

"We are extremely proud of the accomplishments that Carex has made in the three years since we acquired the company," said J. Randall Keene, Managing Director at Ancor. "During this time frame, we made acquisitions of Detach N' Go, Uplift Technologies and Thermionics, Inc. The company also experienced organic growth by adding new customers and further penetrating existing customers. We are deeply appreciative of the management team and the partnership they embraced with Ancor and Merit." Carex Health Brands markets its products under the Carex, Apex, Bed Buddy and Thera-Med brands. The company's brands have achieved broad customer awareness in the marketplace and are used by home- care patients, the mobility challenged, senior citizens, and, in many cases, the general public.


"The chemistry we had with Ancor and Merit, coupled with their insight and commitment to capitalize external growth, enabled us to build the product and customer diversity that appealed to Roscoe Medical," said Matt McElduff, President of Carex. "We look forward to this next stage of growth." More information: www.ancorcapital.com www.meritcapital.com www.roscoemedical.com ((Comments on this story may be sent to [email protected])) (c) 2014 ProQuest Information and Learning Company; All Rights Reserved.

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