Med City Mobility
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Med City Mobility - overview
Established
2000
Location
-, MN, US
Primary Industry
Medical Devices & Equipment
About
Med City Mobility specializes in providing innovative mobility solutions and healthcare products designed to enhance patient independence and improve quality of life for individuals with mobility challenges. Med City Mobility, founded in 2000 and headquartered in Rochester, US, focuses on offering advanced mobility solutions. In June 2019, the company was acquired by Reliable Medical Supply, Inc. , a portfolio company of Seven Hills Capital.
The founder's background or previous companies is not publicly disclosed. Med City Mobility provides a wide array of mobility solutions and healthcare products aimed at improving life quality for individuals with mobility needs. Their offerings comprise mobility aids, rehabilitation devices, and home healthcare equipment, tailored to support patients in maintaining independence and managing health conditions. The company serves a range of customers, including individuals with chronic illnesses and healthcare facilities across urban and suburban areas in the United States.
Med City Mobility operates through a direct-to-consumer model, selling essential mobility equipment and related services directly to patients. Customers can easily request maintenance and repair services online, enhancing accessibility and convenience. The emphasis on customer education contributes to satisfaction and encourages repeat business, aiding in revenue generation. Looking ahead, Med City Mobility aims to expand its product line with innovative mobility aids set to launch in the upcoming year.
The company also plans to target new geographic markets, specifically focusing on urban centers in the Midwest by mid-2024. The acquisition by Reliable Medical Supply in June 2019 will facilitate these initiatives by providing additional resources and support for growth.
Current Investors
Reliable Medical
Primary Industry
Medical Devices & Equipment
Sub Industries
Therapeutic Devices, Automobiles, Other Vehicles & Parts
Website
www.medcityweb.com
Company Stage
Add-on
Total Amount Raised
Subscriber access only
Med City Mobility - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Add-on | Completed | Med City Mobility | - |
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