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.
Share This Story
HME News Staff
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.
The increasing use of CGMs has driven interest in the diabetes market. In 2020, AdaptHealth acquired Solara Medical Supplies and Pinnacle Medical Solutions.
Latest Media
ADS makes ‘strides’ toward improving diabetes management
Theresa Flaherty, Managing Editor Updated 9:19 AM CDT, Fri September 6, 2024 CARLSBAD, Calif. – With the growth in Type 2 diabetes and the expansion of coverage for continuous glucose monitors by both Medicare and other payers, Advanced Diabetes Supply’s new StrideForward program can fill a potential gap in care, says CEO Bill Mixon. The…
StrideForward: ADS Launches Integrated Care Program for Diabetes Management
New program offers integrated team and remote care services supporting diabetes management plans CARLSBAD, CALIFORNIA, UNITED STATES, August 20, 2024 /EINPresswire.com/ — Advanced Diabetes Supply (ADS), a leading national distributor of specialized diabetes supplies is expanding the company’s membership wellness initiatives through a new partnership with StrideMD, a management service organization that specializes in connected care solutions. This…
ADS TAKES ON BURDEN FOR PHARMACIES
Theresa Flaherty, Managing Editor Updated 11:45 AM CDT, Fri July 19, 2024 CARLSBAD, Calif. – Advanced Diabetes Supply recently expanded its Part B services to retail pharmacies to include management of diabetes supplies. The move made sense for ADS, which has already been partnering with pharmacies to offer continuous glucose monitors, says CEO Bill Mixon….