July 28, 2021
Advanced Diabetes Supply Acquires US Medical Supply
Excerpt: Advanced Diabetes Supply (ADS), a provider of diabetes supplies and continuous glucose monitors (CGMs), has acquired US Medical Supply (US MED).US MED is a Florida-based company that contracts with more than 500 insurance plans covering nearly 200 million lives.
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CARLSBAD, Calif. – Advanced Diabetes Supply has acquired US Medical Supply (US MED), a portfolio company of H.I.G. Capital that provides continuous glucose monitors and medical supplies.
Founded in 1996, the Doral, Fla.-based US MED contracts with more than 500 insurance plans covering nearly 200 million lives. It was acquired by H.I.G in 2015.
“H.I.G. served as a value-added partner to our leadership team and supported the transformation of the business,” said Bill Monast, CEO, US MED. “We look forward to this next phase of growth as we work with ADS while continuing to serve as an integral partner to our patients, payers and suppliers.”
Advanced Diabetes Supply is a portfolio company of Court Square Capital Partners Inc.
The two companies together will leverage their scale, strengths and capabilities to position themselves as a leader in the space.
“We are proud to be bringing together two successful companies who share the mission of delivering outstanding patient care,” said Mark Howard, co-founder and CEO at ADS. “We founded Advanced Diabetes Supply with the goal of setting a new standard for patient care in the diabetes DME space, and US MED shares that same mission and passion.”
Terms of the deal were not disclosed.
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Advanced Diabetes Supply (ADS) has acquired US Medical Supply (US MED) in a deal that will increase ADS’s visibility in the eastern United States and give it a large platform on which to grow. ADS and US MED are complementary businesses, with ADS focusing on insulin pumps and continuous glucose monitors and US MED having a strong digital marketing presence and a direct-to-consumer model. The acquisition is ADS’s first major deal since it was acquired by Court Square Capitol Partners in late 2020.