Gauge Capital announced it has invested in Reliable Medical.
Reliable, founded in 1989 and based in Nashville, Tennessee, is a provider of complex rehabilitation technology and related mobility and home medical equipment solutions across the United States.
Gauge, founded in 2013 and based in Southlake, Texas, is a middle market private equity firm that invests in healthcare and other sectors. The firm typically targets businesses with roughly $5 million or more in EBITDA and pursues platform investments in companies with total enterprise values generally in the $50 million to $500 million range.
Terms of the investment, which saw Gauge provide growth capital and complete a recapitalization of Reliable, were not disclosed.