Irving, TX, March 28, 2022 – Strive Medical (“Strive” or the “Company”), a portfolio company of NMS Capital (“NMS”), announced today the acquisition of the urology division of United States Medical Supply (“US MED”). US Med is a subsidiary of Advanced Diabetes Supply (“ADS”), a portfolio company of Court Square Capital (“Court Square”).
Headquartered in Irving, Texas, Strive is a specialty provider of urology, wound care, and other disposable medical supplies to patients in the home setting across the US. Since its founding, Strive’s focus is to provide patients with chronic medical conditions the highest quality customer service and best products to fit their needs.
“This transaction marks an important step in advancing Strive’s commitment to investing in the Urology specialty DME market in the areas where we have deep expertise and are central to our long-term growth strategy,” said Todd Philbrick, CEO of Strive. “We are thrilled to begin this next chapter for Strive which deepens our national footprint, and we value this partnership with US MED through the transition.”
Luis Gonzalez, Partner at NMS, added, “The acquisition significantly increases both Strive’s urological patient census and geographic penetration across the US. The combined scale and reach will further solidify Strive’s position as a leading independent, specialty distributor of urological and wound care supplies. NMS remains committed to supporting the Company’s acquisition and organic growth initiatives.”
Strive began servicing the US MED Urology patients and referral sources as of February 28, 2022.
About Strive Medical
Strive Medical is a provider of direct-to-patient urological and wound care supplies to patients in the home setting, serving patients across the US. Strive is headquartered in Irving, Texas. Since its founding, Strive has focused on giving patients the highest quality customer service and best products available. For additional information on Strive, please visit the company’s website at www.strivemedical.com.
About NMS Capital
NMS Capital is a New York headquartered private investment firm specializing in strategic equity investments and leveraged buyouts of lower middle market companies. The firm was formed through the spin-out of a group of portfolio companies from Goldman Sachs’ Merchant Banking Division. NMS focuses on companies headquartered in the U.S. poised to benefit from sustainable growth trends with particular concentration on companies in Business Services and Healthcare Services. For additional information on NMS, please visit the firm’s website at www.nms-capital.com.
About Advanced Diabetes Supply
Founded in 2002, Advanced Diabetes Supply is a leading 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. Our focus on leading the industry with innovation, knowledge, and unparalleled commitment to exceeding service standards highlights Advanced Diabetes Supply’s dedication to customer outcomes. Please visit our website at www.northcoastmed.com.
About Court Square Capital Partners
Court Square is a middle market private equity firm with one of the most experienced investment teams in the industry. Since 1979, Court Square has completed over 235 platform investments, helping managers, families and founder-owners to develop their companies into leaders in their respective markets. Court Square invests in companies that have compelling growth potential in the business services, industrial, healthcare, and tech and telecom sectors. Court Square has $7.0 billion of assets under management and is based in New York, NY. For more information on Court Square, please visit www.courtsquare.com.
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