Paoli, PA, October 28, 2021 – MedScope America announced its sale to Medical Guardian. The combined entity will be one of the nation’s top providers of personal emergency response systems (PERS.) The Edmonds Group served as exclusive financial advisor to MedScope for the transaction.
“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.”
Greg Smith continued, “I’m glad we established a relationship with The Edmonds Group two years ago. They helped us look at our business from an outside perspective, providing invaluable guidance before we decided to find an outside partner. With the sale process, Henry Edmonds and his team directed us every step of the way, ensuring that we got the right outcome for our business. The Edmonds Group has established itself as the PERS industry’s leading investment banker. Based on our experience, we believe that reputation is well-deserved.”
“Greg and his team have built MedScope into a leading business serving the healthcare channel of the PERS industry. They have found an outstanding partner in Geoff Gross and Medical Guardian. The combined company will be an industry powerhouse,” said Edmonds, President, The Edmonds Group.”
“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.”
Buchanan Ingersoll & Rooney PC provided legal representation to MedScope for the transaction. FisherBroyles, LLP and Winston & Strawn LLP were legal advisors to Medical Guardian.
About MedScope America
Since 1999, MedScope has aimed to develop partnerships with appropriately aligned healthcare organizations, with the goal of opening patient referral channels. By utilizing this Business-to-Business (B2B) approach, MedScope has achieved success with many well-established healthcare organizations and many of the country’s largest long-term care, private insurance carriers. MedScope prides itself on its unique ability to offer a full-service customizable PERS program, account management tools, and unmatched transparency to partnering agencies. For more information, please visit medscope.org.
About Medical Guardian
Founded in 2005, Medical Guardian is a leading provider of innovative senior health solutions. The company offers a full suite of connected care medical alert systems that empower older adults to live a life without limits. A member of the National Aging in Place Council, Medical Guardian is headquartered in Philadelphia and provides nationwide support to more than 160,000 aging Americans who are ready to take on the next chapter of life while remaining safe in their own home. For more information, please visit medicalguardian.com.
About The Edmonds Group, LLC
The Edmonds Group is a specialized investment bank focused on recurring revenue businesses with a particular emphasis on the security alarm industry, the PERS industry and related verticals. The Edmonds Group has closed over 60 transactions representing over $4 billion in transaction value since its inception in 2004. For more information on The Edmonds Group, visit theedmondsgroup.com.