Bison Capital Partners announces investment in TwinMed
Santa Fe Springs, CA (December 4, 2017) – Bison Capital Partners V, LP (“Bison Capital”) completed a recapitalization investment, buying out existing shareholders of Twin Med Holding Corporation and affiliates (“TwinMed” or the “Company”), one of the largest post-acute medical supply distributors to skilled nursing facilities and hospice providers.
Twin Med, LLC is a leading provider of non-pharmaceutical medical supplies to the long-term care industry. Twin Med offers a broad range of disposable medical supplies such as incontinence products, nursing, diabetic and respiratory supplies, non-prescription medicines, linens, enterals, durable medical equipment and janitorial supplies to skilled nursing facility operators throughout the United States.
Founded in 1998, Twin Med has since grown to become one of the largest distributors of medical supplies to long term care in the United States. A key to Twin Med’s success is the partnership it has developed with its customers through its revolutionary Per Patient Day (“PPD”) pricing strategy. Twin Med’s PPD program aligns a nursing home operator’s medical supply costs with the Federal Government’s per diem reimbursement policy, giving its customers the peace of mind of knowing exactly what they are spending and allowing them to better manage their businesses.
Headquartered in Santa Fe Springs, California, Twin Med also maintains operations in Texas, New York and Illinois, allowing the Company to efficiently service customers across the U.S.
About Bison Capital
Bison Capital is a Los Angeles and New York based private equity firm that makes growth capital investments in middle‐market companies, public or private, for expansion, acquisitions, and balance sheet recapitalizations. The firm’s primary investment focus is partnering with entrepreneurs and management teams seeking capital to grow their businesses. www.bisoncapital.com