Nationwide Medical Teams Up With Heritage Group

Nationwide Medical has formed a growth partnership with Heritage Group, a healthcare-focused private equity firm.

Nationwide operates in 49 states and serves more than 100,000 patients. Through its differentiated, tech-enabled offering, Nationwide has demonstrated significant growth and superior clinical outcomes, including therapy adherence rates significantly above industry averages, according to the company.

“[This is] an exciting milestone for Nationwide Medical. We have operated as a family-owned business for over 20 years and are proud of our continued dedication to putting patients first and providing exceptional service to all our stakeholder partners,” Nationwide Medical CEO David Siegel said. “We’re excited to partner with Heritage Group in our next stage of growth, and believe the firm’s capabilities and strategic relationships will help unlock tremendous potential for Nationwide.”

The strategic partnership aligns with Heritage Group’s commitment to investing in high-quality healthcare services businesses that enhance patient outcomes and reduce overall costs to the healthcare system. “After a targeted search for a platform in the HME sector, we are thrilled to partner with David and the broader Nationwide team,” Heritage Group Partner Jesse Bland stated. “As the market trend toward managing chronic conditions in the home accelerates, Nationwide’s differentiated clinical engagement model is set up to play a unique role in patients’ lives, and we look forward to being part of that journey.”

TripleTree served as exclusive financial advisor to Nationwide in connection with the transaction, and Leerink Partners served as exclusive financial advisor to Heritage Group.

Founded in 2002 and based in Calabasas, Calif., Nationwide has provided services to more than 100,000 patients across 49 states through its tech-enabled platform. The company offers HME services including continuous positive airway pressure, oxygen therapy, non-invasive ventilation (NIV), and continuous glucose monitors. Nationwide’s differentiated patient support and engagement model has generated best-in-class results with industry-leading metrics in patient satisfaction, compliance to therapy, and median time on treatment.

Heritage Group is a Nashville, Tenn.‐based, healthcare‐focused investment firm with more than 35 years of experience financing and operating healthcare companies at all stages. With roughly $1 billion in capital under management, Heritage seeks to make majority and meaningful minority investments in high‐growth healthcare services and healthcare technology businesses that address the U.S. healthcare system’s many challenges. The firm’s limited partners include some of the leading healthcare organizations in the nation, including large provider systems, payers, and healthcare service providers.