M&A sizzles: NSM closes biggest deal yet, Spiro Health buys The Medical Store, Rehab Medical buys Wheelchairs Plus

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Friday, October 2, 2020

NASHVILLE, Tenn. - National Seating & Mobility has acquired Austin, Texas-based Travis Medical, in a deal that includes 27 locations in 23 markets across the Pacific Northwest, Texas, Oklahoma and Florida.  

Eleven of those markets are new to NSM.  

“As the third largest company in the industry, Travis Medical has an outstanding reputation and proven history as a passionate provider of medical equipment,” said Bill Mixon, NSM CEO. “The scale and efficiencies created through this purchase, as well as the combination of our business segments, allows us to further strengthen our commitment to the communities we serve.”  

More than 270 employees at Travis Medical will join the NSM team to continue to serve clients in these markets.  

Chris Yule, CEO of Travis Medical, will join the NSM executive team as senior vice president of payer relations and government affairs.  

“As a successful and experienced provider in the CRT space, we have had a lot of interest from prospective buyers in recent years,” he said. “Because our culture and client focus are foundational to our business, it was imperative that we choose a partner that aligns with our culture, our values and our vision for the future. NSM checked all the boxes.”  

Spiro Health acquires The Medical Store  

SOUTH BURLINGTON, Vt. – Spiro Health has acquired The Medical Store, giving it a footprint across all six New England states, as well as the District of Columbia and Virginia.  

The 37-year-old The Medical Store offers a full range of home medical equipment and supplies.  

“We couldn’t be more excited about joining Spiro under the outstanding management team that Gary, Jack and Mark have put together,” said Chris Henry, president of The Medical Store. “The opportunity to increase scale and access leading technology solutions will allow us to dramatically improve the level of service we provide to our customers and referral sources. This partnership will ensure that Vermonters will continue to have a local, quality choice when it comes to their home medical equipment needs for years to come.”   

Spiro Health formed earlier this year to merge America’s HealthCare at Home, Cape Medical Supply and Health Complex Medical.  

“Spiro Health is pleased to welcome Chris and his team onto our platform, and we are thrilled to get to work expanding our reach in northern New England,” said Gary Sheehan, CEO of Spiro Health. “Chris brings a strong history of growth and success to Spiro and he will be instrumental in our successes not just in Vermont, but across our entire operating footprint. We look forward to welcoming additional innovative companies into the Spiro family and are excited to work with leadership teams who share our focus on service, growth and a culture of success."  

Rehab Medical establishes presence in Texas  

INDIANAPOLIS – Rehab Medical has expanded into Texas with its acquisition of San Antonio-based Wheelchairs Plus. Formed in 1982, Wheelchairs Plus is a complex rehab company that offers custom rehabilitation equipment, home medical equipment and disposable medical supplies. “Rehab Medical is very excited about this opportunity to expand into the great state of Texas,” said Rehab Medical President Kevin Gearheart. “Wheelchairs Plus has a good history of taking care of patients in San Antonio and we are proud to be able to build on the foundation they currently have in place. This is another opportunity to improve lives for Rehab Medical.” Earlier this year, Rehab Medical acquired Mobility Specialists in Winterhaven, Fla.