The company is a leading provider of complex rehab technology (“CRT”) solutions for individuals diagnosed with permanent or long-term loss of mobility, including customized wheelchairs and seating systems.
In December 2012, Cerberus Business Finance agented a $77 million Senior Secured Credit Facility, proceeds of which, in addition to an investment from a private equity sponsor, were used to finance the acquisition of the company and provide the company with ongoing working capital. In June 2015, Cerberus Business Finance agented a $41 million add-on to the Senior Secured Credit Facility, proceeds of which were used to finance a distribution to shareholders and finance future acquisitions.