Praesidian Capital Completes Investment in The PromptCare Companies, Inc.
Summary
PromptCare, a portfolio company of MidMark Capital, is a leading regional provider of home-based, specialty respiratory products and infusion therapy services. Pro2 is the largest provider of specialty respiratory products and services focused on the pediatric market in greater Philadelphia, Southern New Jersey, and Delaware. "We are very pleased to support this acquisition and believe that PromptCare and Pro2 will continue to grow and geographically expand as a single business," said Glenn Harrison, Managing Director at Praesidian. With a focus on its core competency in mezzanine financing, Praesidian Capital invests in established, historically profitable companies often in connection with a management/leveraged buyout, recapitalization or refinancing. Pro2 is a leading provider of medical oxygen and respiratory equipment in greater Philadelphia, Southern New Jersey, and Delaware to a predominantly pediatric patient base of approximately 2,200.