Satori's Entrée to Healthcare...Longhorn

Austin, TX-based Longhorn Health Solutions was acquired recently by Dallas private equity firm Satori Capital.  

Longhorn is a direct-to-consumer distributor of durable medical equipment, consumable medical supplies and pharmaceutical prescriptions (e.g.: incontinence supplies, enteral nutrition products, and diabetic testing supplies) to home-based Medicaid, Medicare and privately insured patients across Texas. The Satori partnership will offer Longhorn opportunities for “organic expansion and growth via acquisition” according to Britt Peterson, CEO. 

Peterson will continue to lead the company with 10 Texas warehouses and 150 employees.  He notes:  

"Longhorn has earned a reputation for excellence through its reliable performance, dedicated customer service, statewide presence, and commitment to integrity and kindness across everything that we do...”

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Hill-Rom Reaches Outside DME

...Acquires Aspen Surgical
Hill-Rom, a hospital bed and equipment supplier since 1939, enhanced its existing surgical platform with the acquisition of privately-held Aspen Surgical for $400M.  Aspen Surgical is a leader in surgical and specialty medical products including scalpels, operating room disposables and instruments and wound care products.  
Hill-Rom's move should be a positive one as growth of the disposable medical supplies market is anticipated based on aging demographic patterns, extended insurance coverage by Affordable Care Act, and rising incidence of disease and disorders.  The market is forecast to increase 4.3% annually to $47B in 2016.

"With the addition of Aspen Surgical, Hill-Rom is well positioned for growth and geographic expansion in our surgical business, particularly in the safety product segments," said John J. Greisch, President and CEO of Hill-Rom.

Source:  Deanna Pogorelc, MedCity News  >>Read more