Portfolio

Numotion

Realized
Invested in 2011

Numotion is a national supplier of complex rehabilitation equipment and assistive technologies with locations across the United States. Numotion provides mobility and seating solutions including power wheelchairs, manual and lightweight wheelchairs, adaptive seating, and related rehabilitative equipment.

Summary

Transformed the business through a strategic merger and add-on acquisitions to create a national footprint and expand service lines.

Background

Headquartered in Brentwood, TN, Numotion is the nation’s leading provider of Complex Rehab Technology (“CRT”), improving the lives of people with disabilities by enabling them to actively participate in everyday life. CRT is medically necessary, individually configured mobility products and services, including manual and power wheelchairs, designed to meet the unique medical and functional needs of individuals with significant disabilities and medical conditions to provide them with greater independence.

Challenge

When Audax acquired, what was then referred to as ATG Rehab, in January 2011, the business was a super-regional provider of complex rehab solutions. Audax saw an opportunity to scale the business through acquiring practices of Assistive Technology Professionals (ATP) to create national scale. This scale would allow for enhanced margins through combined purchasing and improved payor relationships.

In 2014, ATG merged with United Seating & Mobility, to double the size of the company, renaming the business Numotion. Together, the combined platform completed 39 acquisitions during the course of Audax’ ownership. Through the acquisition and organic initiatives, the business expanded its service base into urology and developed a complete national footprint. In addition, as a larger platform the business was enhance its leadership team, including recruiting Mike Swinford to be CEO of the combined NuMotion platform.

The Audax Difference

“Audax helped to create the vision for Numotion, and brought significant resources to bear to executive us in executing that vision,” said Mike Swinford, CEO of Numotion.

“We are proud to have supported Mike Swinford and the Numotion team in creating such a market-leading and mission-driven provider of Complex Rehab Technology. The company has led the way with innovative product solutions and services, a national geographical footprint, and robust growth through organic initiatives and strategic acquisition. We wish continued success for Mike and his team as they enter the next stage of growth with their new partner.,” said Keith Palumbo, Managing Director of Audax Private Equity.

“We are grateful for the resources, support, and stewardship Audax and LLR have provided over the last 5 years in helping us transform Numotion into what it is today. We are well positioned to accelerate our growth trajectory and advance our mission of improving the lives of people with disabilities. We look forward to partnering with AEA to continue that work, and drive positive outcomes for our customers, the industry, our employees, and our shareholders,” said Mike Swinford, CEO of Numotion.

Numotion

Numotion

Healthcare

Realized

Invested in 2011

Brentwood, TN

www.numotion.com