Roscoe Medical Acquires Current Solutions
Chattanooga, TN, February 9, 2012
River Associates Investments, LLC (“River Associates”), a leading lower middle market private equity firm based in Chattanooga, TN, announced the acquisition of Current Solutions, Inc. (“Current Solutions”) by its portfolio company Roscoe Medical, Inc. (“Roscoe”). The acquisition closed February 9, 2012. Terms of the transaction are not being disclosed.
Current Solutions is a leading supplier of TENS, EMS, IF, electrodes, lotions and topical analgesics. Current Solutions will operate as a division of Roscoe Medical from its state-of-the-art fulfillment center in Austin, Texas.
“Current Solutions™ has a successful operation and product portfolio that will strengthen our pain management offering and provide our customers with the lineup of retail items they have been asking for,” said Paul Guth, president and CEO of Roscoe Medical. “The acquisition perfectly complements our overall vision and growth strategy.”
“Current Solutions is looking forward to becoming a part of the Roscoe Team. Being part of such a dynamic organization will bring significant opportunities for Current Solutions to grow its business,” said Glynn Bloomquist, CEO of Current Solutions.