FOR IMMEDIATE RELEASE
December 21, 2015
Richmond, VA – Transact Capital Partners is pleased to announce that Therapy Systems Inc., an Annapolis, MD full-service supplier of support surfaces, bariatric beds, and durable medical equipment, has been acquired by a private investor. Transact Capital Partners served as the exclusive financial advisor to Therapy Systems in the transaction. Terms of the transaction were not disclosed.
Therapy Systems, founded in 1994, is a family owned company serving hospitals, nursing facilities, home care, and hospice patients. The company serves customers in six states and specializes in support surfaces, bariatric beds, and durable medical equipment.
Jim Sowers, Managing Partner at Transact Capital Partners, managed the transaction for Therapy Systems.
Transact Capital Partners is a full-service business mergers and acquisitions advisory, brokerage, and valuation firm headquartered in Richmond, VA, with offices in Roanoke and Tidewater, VA, Lexington, KY, Orlando, FL, and Central Pennsylvania. Transact focuses on the needs of privately held companies in the lower middle market with enterprise values under $100 million. With extensive experience in owning, running, and investing in private companies or divisions of public companies, the firm’s principals are able to help many business owners exit their companies or explore other opportunities. Security transactions are offered through Transact Capital Securities, LLC. Member FINRA and SIPC.
To learn more about this transaction, or Transact Capital Partners, please call Jim Sowers at 804-612-7110 (Jim@TransactCapital.com), or contact Steve Zacharias at 804-612-7102 (Steve@TransactCapital.com). Additional information about Transact Capital Partners can be found at www.TransactCapital.com.