BOSTON and NEW
YORK, July 18, 2024 /PRNewswire/ -- Provident
Healthcare Partners ("Provident"), a leading healthcare
investment banking firm, announced it has advised Quest Health
Solutions ("Quest" or "the Company") in its partnership with
Sumitomo Corporation of Americas ("SCOA" or "Sumitomo"). Quest is a
leading provider of continuous glucose monitors ("CGMs"), remote
patient monitoring ("RPM") services, and other medical supplies to
diabetic patients nationwide. The partnership will provide growth
capital for Quest as the Company continues to scale its
differentiated model across its core CGM business and emerging RPM
platform while diversifying into other service areas.
"Having Provident by our side was
invaluable - they were more than advisors; they were dedicated
partners."
Provident's deal team was led by Managing Director Kevin Palamara and Senior Associate
Brendan Schroeder. Robinson &
Cole served as legal counsel to Quest, and Nixon Peabody served as
legal counsel to SCOA.
"Having Provident by our side was invaluable - they were more
than advisors; they were dedicated partners who deeply understood
our mission. Their exceptional commitment and hands-on approach not
only facilitated this significant partnership but also ensured we
remained aligned with our vision for advancing healthcare
innovation. I wholeheartedly recommend Provident to any
organization that's not just pursuing growth but is also looking
for a genuine partnership to realize their full potential,"
commented Adam Nadler, CEO of Quest.
"We want to congratulate the team at Quest as it has been a
pleasure working as their partner through this process. Adam and
his team have built one of the largest and fastest growing
platforms in the CGM space. Sumitomo has a strong history of
successful partnerships, and their shared values and philosophy
with Quest will undoubtedly lead to even greater opportunities for
growth," noted Palamara.
About Quest Health Solutions
Quest Health Solutions
was founded in 2017 by Adam Nadler,
Phil Vasta, and Adam Handfinger to provide medical supplies to
patients with chronic illnesses. The Company is headquartered in
Coral Springs, Florida, and is a
leading provider of continuous glucose monitors, remote patient
monitoring services, and other medical supplies to diabetic
patients. For more information, visit
https://www.questhealthsolutions.com.
About Sumitomo Corporation of Americas
Sumitomo
Corporation of Americas is the largest subsidiary of Sumitomo
Corporation, one of the world's leading traders of goods and
services. As an integrated business enterprise, the firm has
emerged as a major organizer of multinational projects, an
expediter of ideas, an important international investor and
financier, and a powerful force for distribution of products and
global communications through a network of offices worldwide. Its
core businesses include energy, automotive, social infrastructure,
agri-food and life science, construction and transportation
systems, real estate, mineral resources and energy innovation. For
more information, visit, https://www.sumitomocorp.com.
About Provident Healthcare Partners
Provident is a
leading healthcare investment banking firm specializing in merger
and acquisition advisory, strategic planning, and capital formation
services for healthcare companies. The firm has a comprehensive
knowledge of market sectors and specialties, including DME and
medical supplies. Provident has unsurpassed experience and insight
into the M&A process, which includes working with a multitude
of investors such as private equity firms and strategic
consolidators. For additional information, visit
www.providenthp.com or follow Provident on LinkedIn.
Contact:
|
Provident Healthcare
Partners
|
|
Gina
Casiello
|
|
877-742-9800
|
|
gcasiello@providenthp.com
|
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SOURCE Provident Healthcare Partners LLC