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Southern Home Medical Equipment Engages Northern Virginia Based Waterford Holdings Group to Evaluate and Consider Acquisition Candidates in the Mid-Atlantic Area

Tue, 03/15/2011 - 8:33am
Bio-Medicine.Org

LYMAN, S.C., March 15, 2011 /PRNewswire/ -- Southern Home Medical Equipment, Inc. (PINKSHEETS: SHOM), a Holding Company providing healthcare services, healthcare professionals and equipment to medical institutions, has targeted the Mid-Atlantic region for expansion and growth.  After two consecutive profitable years, zero long-term debt, the company's management believes it is poised to pursue additional revenues and growth opportunities.

Waterford Holdings Group specializes in targeting and financing acquisitions, particularly in the Mid-Atlantic States. Brian August, CEO of Waterford Holdings remarked, "We see this as an excellent opportunity to merge privately held assets into a stable, conservative public entity like Southern Home."

Jeff Sarvis, CEO of Southern Home Medical Equipment states, "It has long been our desire to grow outside of the Durable Medical Equipment Industry.  We feel that Waterford Holdings can provide us with suitable acquisition targets that will allow us to utilize our assets and expertise to obtain additional channels for our products and services, or provide us additional opportunities in the area of service providers in the rapidly expanding healthcare market."

About Waterford Holdings Group LLC.  

Waterford Holdings Group is a boutique investment and consulting company specializing in equity, debt, and mezzanine financing for small businesses.  The company was founded in 2007 to fill a niche market for small businesses that were rapidly being deprived of capital financing from larger institutions as the credit crisis began.  The company has grown quickly and today has multiple investors and ownership interests in numerous private and public companies.  Founder and CEO, Brian August, holds a BA from Cornell University and an MBA from University of Maryland University College.

About Southern Home Medical Equipment, Inc.

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