BellMark Partners

Transactions
Transactions
Navigation Menu

Carecentric, Inc.

Carecentric, Inc.

LENEXA, KS – March 31, 2011 – Mediware Information Systems, Inc. ( Nasdaq: MEDW ) today announced that it has signed a definitive purchase agreement to acquire assets of CareCentric, Inc.’s, home medical equipment, home health and home infusion businesses. Mediware will acquire more than 300 new customers and the related products, services and contracts. Mediware and CareCentric expect to close the acquisition within 30 days. Mediware plans to combine the CareCentric business with its existing Alternate Care Solutions (ACS) business line. Mediware formed ACS in March 2010 following the December 2009 acquisition of Healthcare Automation Inc. and Advantage Reimbursement Inc., and the November 2008 acquisition of Hann’s On Software. “The acquisition of CareCentric products, services and expertise will expand Mediware’s already substantial position in the Alternate Care Solutions market. With the additional customers, Mediware software will now support more than 700 sites delivering home infusion, home medical equipment (HME), specialty pharmacy and home care services for patients with chronic illnesses throughout the United States,” said Thomas Mann, Mediware’s president and chief executive officer. “This transaction continues our strategy of extending Mediware’s expertise outside of acute care, where we have a strong reputation and customer base,” Mann continued. “The addition of CareCentric customers and products will complement our overall portfolio, expand our focus on HME organizations and provide this large customer base confidence that their solutions partner is committed to their long-term success. This is a good fit for Mediware and is a positive development for the CareCentric customers.” The alternate site care market has been growing due to the cost effectiveness and popularity of outpatient and home-based care services in the United States. Mediware has been leveraging its deep roots in pharmacy and healthcare software solutions to expand its focus into home health, nursing and the management of medical equipment away from the hospital. Mediware’s Alternate Care Solutions group is led by Mr. Ken Pereira, who was formerly the CEO of Healthcare Automation. Mr. Pereira has a deep understanding of the needs of this market and will utilize the experience of both organizations to optimize the development and delivery of products and services and continue Mediware’s profitable growth...

Read More

Mitchell Rubber Products, Inc.

Mitchell Rubber Products, Inc.

McLean, VA, April 11 , 2011 – Gladstone Investment Corporation (Nasdaq: GAIN) (“Gladstone Investment”) announced today that it invested $16.4 million in Mitchell Rubber Products, Inc. (“Mitchell Rubber”), such investment consisting of subordinated debt and equity. Gladstone Investment, together with Ted Ballou, CEO of Mitchell Rubber, and certain key members of Mitchell Rubber’s management, provided the capital to support the recapitalization of the business. Mitchell Rubber, headquartered in Mira Loma, California, develops, mixes, and molds rubber compounds for specialized applications in the non-tire rubber market. For more information on Mitchell Rubber, please go to www.mitchellrubber.com. “Gladstone Investment is excited about partnering with the talented management team at Mitchell Rubber, led by CEO Ted Ballou, and we look forward to growing the business together. As a result of its expertise in rubber compounding solutions and customer service, Mitchell Rubber performed exceptionally well through the economic downturn and is currently positioned to continue growing by expansion within its existing customer base and through new business development efforts,” said Dave Dullum, President of Gladstone Investment. Gladstone Investment Corporation is a publicly traded business development company that seeks to make debt and equity investments in small and mid-sized businesses in the United States in connection with acquisitions, changes in control and recapitalizations. The Company pays monthly dividends to its stockholders. Mitchell Rubber was represented by BellMark Partners, LLC of Cleveland, Ohio. Additional information on this transaction can be found at www.gladstonecompanies.com. For Investor Relations inquiries related to any of the monthly dividend paying Gladstone funds, please visit www.gladstone.com . Download as...

Read More

Mitchell Rubber Products, Inc. Deal Announcement

McLean, VA, April 11 , 2011 – Gladstone Investment Corporation (Nasdaq: GAIN) (“Gladstone Investment”) announced today that it invested $16.4 million in Mitchell Rubber Products, Inc. (“Mitchell Rubber”), such investment consisting of subordinated debt and equity. Gladstone Investment, together with Ted Ballou, CEO of Mitchell Rubber, and certain key members of Mitchell Rubber’s management, provided the capital to support the recapitalization of the business. Mitchell Rubber, headquartered in Mira Loma, California, develops, mixes, and molds rubber compounds for specialized applications in the non-tire rubber market. For more information on Mitchell Rubber, please go to www.mitchellrubber.com. “Gladstone Investment is excited about partnering with the talented management team at Mitchell Rubber, led by CEO Ted Ballou, and we look forward to growing the business together. As a result of its expertise in rubber compounding solutions and customer service, Mitchell Rubber performed exceptionally well through the economic downturn and is currently positioned to continue growing by expansion within its existing customer base and through new business development efforts,” said Dave Dullum, President of Gladstone Investment. Gladstone Investment Corporation is a publicly traded business development company that seeks to make debt and equity investments in small and mid-sized businesses in the United States in connection with acquisitions, changes in control and recapitalizations. The Company pays monthly dividends to its stockholders. Mitchell Rubber was represented by BellMark Partners, LLC of Cleveland, Ohio. Additional information on this transaction can be found at www.gladstonecompanies.com. For Investor Relations inquiries related to any of the monthly dividend paying Gladstone funds, please visit www.gladstone.com . Download as...

Read More