An investor group led by a San Francisco investment banking firm has bought Orange-based National Medical Homecare, one of the nation's largest home-care equipment chains, from its parent company, National Medical Enterprises Inc. of Los Angeles.
Dennis Walsh, NMH's national sales manager, said the amount for which the company is being sold will probably be disclosed after the transaction is completed next week.
Walsh said the investment group, called NMH Holdings Corp., is led by the investment banking firm of Robertson Colman & Stephens, which is obtaining financing from Heller Financial Inc., a unit of Fuji Bank Ltd., Tokyo, and the Glenfed Capital Corp. unit of Glen Fed. Inc. of Glendale.
In addition, he said, "the vast majority" of NMH's top managers are part of the purchasing group and will continue to operate the company. Jeremy Jones will stay on as NMH president.