HGI changes private ownership
This article was originally published in Clinica
Executive Summary
Medical device supplier HGI Holdings has been bought by New York-based private investment firms Clayton, Dubilier & Rice and GS Capital Partners. HGI was previously owned by another private equity firm, The Jordan Company and members of the Harrington family. HGI is distributes medical products for chronic disease patients, including devices used in the ostomy, diabetes, urology, enteral, incontinence and wound care markets. HGI consists of two segments: Edgepark Medical Supplies, which provides direct-to-consumer home delivery of products to around 300,000 patients, and Independence Medical, an outsourced supply chain serving around 5,500 commercial customers. Financial terms of the deal were not disclosed.