Joerns Healthcare, controlled by Charlottesville, Virginia-based investment firm Quad-C Management and RocoverCare, a company controlled by Los Angeles, California-based investment firm Aurora Capital, have jointly announced they have signed a definitive agreement to combine the two companies in a merger-of-equals transaction.
The merger will create one of the leading healthcare equipment providers across the continuum of care, offering providers a full suite of products and services through one of the most comprehensive distribution networks in the USA. It is anticipated that the transaction will close during the third quarter of 2014.
Nathan McWattie, Managing Director for Joerns UK comments “This is a positive move for our global business, especially in the rental and services business which has been a solid performer during the past few years in the USA. In terms of the UK, this will not impact our immediate operations and current business”.
“Looking forward, we are excited to explore the synergies that this merger will bring to our company in terms of business opportunity and product offer expansion”.