SOUTHLAKE, Texas—Gauge Capital announced that it has acquired Reliable Medical to provide growth capital and complete a recapitalization of the business.
Founded in 1989 and headquartered in Nashville, Tennessee, Reliable Medical is a provider of complex rehabilitation technology (CRT) and related mobility and home medical equipment (HME) solutions across the United States. Reliable Medical specializes in the evaluation, fitting, assembly and service of custom mobility solutions for patients with severe and permanent mobility impairments.
“Reliable was founded with a people-first mindset and a deep commitment to clinical excellence,” said Charles Sargeant, CEO of Reliable Medical. “We are proud of the team we’ve built and the care we provide to the people we serve. We’re excited to partner with Gauge, whose experience scaling health care services businesses will help us invest further in our people, expand access to care and accelerate our growth in a thoughtful and disciplined way while staying true to what matters most: serving our customers well.”
“Charles and the broader Reliable management team have done an excellent job building a differentiated CRT platform with strong clinical capabilities, durable reimbursement characteristics and a compelling growth profile," said David Friedman, partner at Gauge Capital. "We have been impressed by Reliable’s operational discipline, its ability to recruit and develop ATP talent and its track record of executing both organic growth and strategic acquisitions. We are thrilled to partner with the team in this next chapter.”