O2 Science Gains Investors for Expansion
Tempe, Ariz. Regional home respiratory provider O2 Science has announced completion of $10.2 million in financing, with the intent to reduce debt, increase
Tempe, Ariz.
Regional home respiratory provider O2 Science has announced completion of $10.2 million in financing, with the intent to reduce debt, increase organic growth and prepare for acquisitions.
The financing, which came from private equity investment firm Kline Hawkes & Co. of Los Angeles, allowed a recent management buyout by O2 Science senior executives from its previous majority shareholder DVI, a specialty finance company for health care providers. DVI filed bankruptcy in September 2003.
With 16 branches in seven states, O2 Science intends to expand its network further by opening additional offices and by acquiring synergistic companies, said company President and CEO Mark Hanley.
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