M&A Deal Summary

Advanced Diabetes Supply Acquires US MED

On July 27, 2021, Advanced Diabetes Supply acquired distribution company US MED from H.I.G. Private Equity

Acquisition Highlights
  • This is Advanced Diabetes Supply’s 1st transaction in the Distribution sector.
  • This is Advanced Diabetes Supply’s 2nd transaction in the United States.
  • This is Advanced Diabetes Supply’s 2nd transaction in Florida.

M&A Deal Summary
Date 2021-07-27
Target US MED
Sector Distribution
Buyer(s) Advanced Diabetes Supply
Sellers(s) H.I.G. Private Equity
Deal Type Add-on Acquisition
Advisor(s) Houlihan Lokey (Financial)

Target

US MED

Doral, Florida, United States
US MED is a direct-to-consumer specialty distributor of Continuous Glucose Monitors and medical supplies in the nation. US MED assists patients by offering a large variety of products, including diabetic testing supplies, CPAP masks and machines, catheters, orthotics, and prescription medications. US MED specializes in servicing patients covered by Medicare, Medicaid, and private health insurance. US MED was founded in 1996 and is based in Doral, Florida.

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Buyer(S) 1

Buyer

Advanced Diabetes Supply

Carlsbad, California, United States
Category Company
Founded 2002
Sector Distribution
DESCRIPTION

Advanced Diabetes Supply is a national distributor of durable medical equipment specializing in diabetes supplies. ADS holds the most valued accreditations in the diabetes supply industry, including NABP, URAC, and NABP. Advanced Diabetes Supply was founded in 2002 and is based in Carlsbad, California.

DEAL STATS #
Overall 2 of 2
Sector (Distribution) 1 of 1
Type (Add-on Acquisition) 2 of 2
State (Florida) 2 of 2
Country (United States) 2 of 2
Year (2021) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-07-27 US MED

Doral, Florida, United States

US MED is a provider of direct-to-consumer mail-order medical supplies. US MED home delivers products to all 50 states and is accredited by the ACHC, URAC, VIPPS, and is recognized by the American Diabetes Association. It contracts with over 500 insurance plans covering nearly 200 million lives, making it easy and convenient for most patients to access supplies.

Buy -

Seller(S) 1

SELLER

H.I.G. Private Equity

Miami, Florida, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1993
PE ASSETS 65.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

HIG Private Equity is the private equity arm of HIG Capital LLC. The firm focuses on management buyouts, growth equity investments, and recapitalizations of middle market companies with an enterprise value of $50 - $1000 million. The Firm also will consider add-on acquisitions, industry consolidations, going-privates, and corporate divestitures. Sectors of interest include aerospace, building materials, business services, consumer products, distribution, healthcare, infrastructure, contracting, manufacturing, media, oil & gas services, IT, and transportation. HIG was formed in 1993 and has offices in Miami, Atlanta, Boston, and San Francisco. HIG's European affiliate is HIG Europe with offices in London, Hamburg, and Paris.

DEAL STATS #
Overall 134 of 176
Sector (Distribution) 6 of 8
Type (Add-on Acquisition) 60 of 72
State (Florida) 16 of 19
Country (United States) 95 of 121
Year (2021) 11 of 20
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-07-27 US MED

Doral, Florida, United States

US MED is a provider of direct-to-consumer mail-order medical supplies. US MED home delivers products to all 50 states and is accredited by the ACHC, URAC, VIPPS, and is recognized by the American Diabetes Association. It contracts with over 500 insurance plans covering nearly 200 million lives, making it easy and convenient for most patients to access supplies.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-08-02 North America Central School Bus

Joliet, Illinois, United States

North America Central School Bus is a national provider of student transportation services. The Company provides home-to-school bus services during the academic year for public schools, school charter services, and non-school charter services. North America Central School Bus was founded in 2004 and is based in Joliet, Illinois.

Buy -
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