Birch Hill acquires Centric's retail home medical brands for $50 mln
Canadian mid-market private equity firm Birch Hill Equity Partners has agreed to purchase the retail home medical operations of Centric Health Corp for $50 million. The deal is expected to close in August. Doing business under the brand names MEDIchair and Motion Specialties, the operations to be acquired focus on the sale of home accessibility equipment, mobility devices and home medical supplies through a network of 47 franchised and 30 corporate stores. Birch Hill partner Thecla Sweeney said the firm will help position MEDIchair and Motion "to thrive in a fast growing industry." Based in Toronto, Birch Hill has $2 billion in capital under management.
23 June 2014•5 mins read
