Best-in-class private companies from around North America
MEDIchair stores sell home medical equipment such as wheelchairs, scooters, life chairs, bathroom safety products, home accessibility solutions and personal health care products, such as wound care, compression and bracing to the aging, injured or disabled. MEDIchair and its predecessor companies have been in business since 1985 and have offered MEDIchair franchises since 1988. MEDIchair had over 60 locations with 387 employees system-wide at the time of the Alaris investment in each of the regions of Canada other than Quebec and management of MEDIchair believed that MEDIchair had approximately 16% market share of the Canadian home medical supply market, excluding Quebec. As a master franchisor, MEDIchair’s business model focuses on selling franchises and providing the required support services to franchisees. MEDIchair was headquartered in Calgary, Alberta, with nine employees at its head office and two full-time employees in its Etobicoke, Ontario regional office at the time of the Alaris investment. LifeMark Health purchased MEDIchair in September 2005 with proceeds from Alaris. Alaris' investment in MEDIchair was sold as a part of the Centric deal with LifeMark in 2011.
|Industry:||Specialty Stores: Home Medical Equipment and Supplies|
|Capital Invested:||$6.5 million|
|Original Investment:||September 2005|
|End Date:||Repurchased Alaris units in May 2011|