June 26, 2018 (Boston, MA) – Covington Associates LLC, a leading middle market investment bank announced its role as advisor to Dura Medic, a leading provider of Durable Medical Equipment (“DME”) cost elimination solutions to hospitals and health systems, in its recapitalization by Comvest Partners, a middle market private equity and credit investment firm.
About Covington Associates LLC
Covington Associates is an investment banking firm offering mergers and acquisitions (“M&A”) advisory to middle-market companies across the Healthcare, Business Services, Consumer & Industrial, and Technology verticals. Founded in 1991, the vision for Covington has been to provide clients with the highest caliber of senior-level attention and to remain an advice driven and results focused organization. Since its inception, Covington Associates has completed more than 300 transactions globally for both private and publicly traded companies totaling over $15 billion. For more information visit www.covllc.com.
About Dura Medic
Dura Medic was established in 2004 with a commitment to providing patients with medical products at the point of care primarily in the emergency departments of their client facilities. Dura Medic is the nation’s largest hospital-centered durable medical equipment provider. They are licensed by Medicare and Medicaid and participate in a variety of managed care plans. For more information visit, www.duramedic.com.
About Comvest Partners
Comvest Partners is a private investment firm providing equity and debt capital to middle-market companies across North America. Since its founding in 2000, Comvest has invested over $3.3 billion in over 165 companies. Today, Comvest’s funds have over $3.1 billion of assets under management. Through extensive capital resources and broad network of industry relationships, they offer their companies financial sponsorship, critical strategic and operational support, and business development assistance. For more information visit, www.comvest.com.