WindRose Health Investors, LLC, a healthcare private equity firm, has completed the recapitalization of StateServ Medical. StateServ is a provider of durable medical equipment benefit management services.

StateServe offers technology enabled DME costs containment services to 600 customers in hospice, PACE and skilled Nursing markets. The firm has a network of 2,300 DME provider locations and 34 company-owned direct service locations.

WindRose intends to recapitalize and provide additional capital to support the future growth of StateServ. Going forward, the firm will be able to accelerate expansion in the post-acute benefit management sector.

“We believe that our partnership with WindRose will further empower us to continue to drive meaningful value for our customers while developing additional solutions to address the complex needs of the post-acute care community and their patients,” said Paul DiCosmo, StateServ CEO.

SVB Leerink acted as the financial advisor to WindRose and TripleTree acted as the exclusive financial advisor to StateServ. McDermott Will & Emery LLP acted as legal advisor to WindRose and Greenberg Traurig, LLP acted as legal advisor to StateServ.