Le Lézard
Classified in: Health, Business
Subject: RCN

Osceola Capital Leads Recapitalization of Central Medical Group


TAMPA, Fla., June 2, 2020 /PRNewswire/ -- Osceola Capital, a lower middle-market private equity firm focused on services businesses, announced today that it has partnered with management to recapitalize Central Medical Group ("CMG" or the "Company").

Founded in 1997 and headquartered in Flanders, New Jersey, CMG is a leading provider of outsourced equipment management solutions for hospices.  In addition to managing the challenging logistics of delivering medical equipment to the site of care, CMG's technology platform provides its clients with consolidated ordering and invoicing, as well as reporting and analytics on utilization, cost trends, and patient data.

"It was critical to find a partner who shared our vision for growth and quality while supporting the Central Medical mission and culture. In Osceola we found a like-minded partner who shares our enthusiasm for the industry and the commitment to support our continued efforts," said Joe Sacco, founder and CEO of CMG.  Following the transaction, Mr. Sacco and co-owner/CFO John Armas will retain significant ownership stakes in the business alongside Osceola and will continue in their current roles, along with the rest of the existing management team. 

Ben Moe, Managing Partner at Osceola Capital, commented, "We are excited to partner with Joe, John and their team at Central Medical. They have developed a strong reputation as a premier provider of hospice equipment management services in their markets. We look forward to helping the team bring their high-quality, technology-enabled service offering to new markets through add-on acquisitions and de novo facilities."

Central Medical Group represents the sixth platform in Osceola's current fund and Osceola's second healthcare platform investment in 2020, following its investment in Healthcents (a provider of healthcare payor contracting and RCM services) in January.  CMG is actively looking for additional acquisition opportunities in this industry. 

About Osceola Capital Management 
Osceola Capital is a Tampa-based private equity firm that invests in lower middle-market services companies, typically with EBITDA of $2 million to $10 million.  Osceola has extensive experience partnering with management teams to execute buy-and-build strategies and drive long-term value creation.  Visit www.osceola.com to learn more.

For additional information about Central Medical Group, please contact Ben Moe or Patrick Watkins at Osceola Capital.

Contact: Chris Tofalli
Chris Tofalli Public Relations, LLC
914-834-4334

SOURCE Osceola Capital Management, LLC


These press releases may also interest you

at 08:15
Maverix Medical, a dedicated lung cancer platform established by Ajax Health, KKR, and Hologic, Inc., today announced the acquisition of Cirrus Bio for an undisclosed amount....

at 08:03
The American Red Cross celebrates The Church of Jesus Christ of Latter-day Saints, headquartered in Salt Lake City, for its substantial donation of $7.35 million. The gift will help purchase blood equipment and biomedical emergency vehicles and will...

at 08:00
Bidpath Inc., a leading provider of global online auction software, proudly announces the launch of AuctionPay, a cutting-edge payments platform designed to revolutionize auction payments. With a focus on efficiency, security, and user-centric...

at 08:00
SC Ventures, Standard Chartered's innovation, fintech investment and ventures arm, is leading a ?12 million (USD $13 million) Series A round for distributed cloud provider Hive, to increase access to sustainable, high-powered computing resources for...

at 08:00
Callon Petroleum Company ("Callon" or the "Company") today announced the expiration and final tender results of its previously announced cash tender offers (the "Offers") for any and all of its 8.000% Senior Notes due 2028 (the "2028 Notes") and any...

at 08:00
The parties in Severa, et al. v. Solvay Specialty Polymers USA, LLC, et al., announce that Judge Noel Hillman of the United States District Court for the District of New Jersey has preliminarily approved a class action settlement. The hearing on...



News published on and distributed by: