Reliable Medical, a partner company of Seven Hills Capital, has acquired Capstone Medical Partners, a rehab and medical equipment provider based in Lakewood, Wash.

Capstone Medical is focused on providing complex rehabilitation technology (CRT) and durable medical equipment (DME) to long-term care facilities, a business model that RM can apply to its locations in the Texas and Ohio markets, where there are large skilled nursing facility (SNF) populations. The deal further expands RM’s footprint into the Pacific Northwest and looks to improve the company’s services to long-term care facilities.

“This partnership highlights Reliable Medical’s balanced approach to growth and allows the company to put greater focus on organic growth initiatives within its current markets,” states Matt Pettit from Seven Hills. “The Capstone purchase in addition to Reliable’s five new locations in Q1 2023 demonstrate Katie and her team’s commitment to measured growth.”

Twin Brook served as administrative agent on debt financing.