RESTON, Va.--(BUSINESS WIRE)--Guidon Partners announced today that it has made a minority investment alongside Madison Dearborn Partners in the purchase of Patterson Medical, a transaction that closed on August 28th, 2015. Patterson Medical is the world’s leading specialty distributor of rehabilitation supplies and equipment to acute care facilities, outpatient clinics, long-term care facilities and select dealers. The company has appointed Paul Diaz, a founder and partner of Guidon Partners, and Executive Vice Chairman, Kindred Healthcare, Inc. (NYSE: KND) to its Board of Directors.
Mike Orscheln, president and CEO of Patterson Medical said, “Paul will be a tremendous addition to Patterson Medical’s board as we begin operations as an independent company and further penetrate our core market of hospitals and long-term care facilities.”
“I look forward to working with Mike Orscheln, his exceptional management team at Patterson Medical, and Madison Dearborn Partners,” said Paul Diaz. “Patterson Medical has a strong position in a large and growing market. The Company is already moving forward to strengthen its many competitive advantages and successfully execute its strategic plan.”
Guidon Partners was launched with its founders’ own capital and is unaffiliated with any single investment firm. Every investment comes with the active participation of a Guidon partner and with the involvement of other partners where they can be helpful.
About Guidon Partners: Guidon Partners, a hands-on partnership founded by leaders in health care services, derives its name from a small, swallow-tailed flag that serves to rally the troops and signifies leadership. Our investment strategy is focused on helping companies who want our expertise and guidance, not just our money. We co-invest alongside venture, growth equity and buy-out funds helping new investments or existing portfolio companies get to the next level of growth and profitability. More information on Guidon Partners can be found at www.guidonpartners.com.