MedScope America announced its sale to Medical Guardian. The combined entity will be one of the nation’s largest providers of personal emergency response systems (PERS.) The Edmonds Group served as financial advisor to MedScope for the transaction.
“Greg and his team have built MedScope into a leading business serving the healthcare channel of the PERS industry,” said Henry Edmonds, president of The Edmonds Group. “They have found an outstanding partner in Geoff Gross and Medical Guardian. The combined company will be an industry powerhouse.”
“Coming together with Medical Guardian was a logical next step to accelerate MedScope’s growth,” said Greg Smith, CEO, MedScope. “Our absolute focus on the consumer/care manager experience has been core to our success in cultivating long-term health care partnerships. Medical Guardian brings the same ’family feel’ approach to working with consumers.”
Buchanan Ingersoll & Rooney PC provided legal representation to MedScope for the transaction. FisherBroyles, LLP and Winston & Strawn LLP were legal advisors to Medical Guardian.
“I’m excited to marry Medical Guardian’s best-in-class consumer strategies with MedScope’s high-touch, high-service health care platform” said Geoff Gross, founder and CEO, Medical Guardian, “Together, Medical Guardian and MedScope provide a suite of connected care solutions and 24/7 customer support to a subscriber base of 300,000 seniors in partnership with a national network of nearly 1,800 managed care plans, state Medicaid and home health agencies”