Altimate Medical Holdings, Inc. is a patient positioning-focused company established through the combination of Altimate Medical, Inc. (AMI), a manufacturer of standing solutions to support therapy for adults & children with disabilities; and Medical Positioning, Inc. (MPI), a manufacturer of medical beds, tables and chairs used in diagnostic imaging procedures.
We need the right partners to help us take the company to the next level. Teaming with Rockwood…allows our founding management group to hit the ground running and execute the strategic plan we have developed together.
Todd Tholkes, Founding Family Member and CEO of Altimate Medical
Rockwood’s Role
- Stood up finance & accounting function and streamlined manufacturing flow
- Added key Lead Director, VP of Finance and General Manager (MPI)
- Supported multiple new product introductions (including a Letter of Medical Necessity app)
- Diversified product portfolio to expand market reach into pediatric product segment
- Completed and integrated acquisition of MPI, with an additional tuck-in acquisition lined up
- Location
- Morton, Minnesota
- Seller/Deal Dynamic
- Rockwood acquired MPI in 2008 and in 2014, carved out AMI from Invacare Corporation in partnership with senior management. In 2015, the two patient positioning-focused businesses were merged to create Altimate Medical Holdings, Inc. In December 2017, Rockwood sold Altimate Holdings to a Minnesota-based private investment firm and holding company.
- Sector
- Healthcare