Generational Group Advises Green Prosthetics and Orthotics in its Sale to Mobility Ideal Health Care

By Generational Group

01/26/2023

Generational Group, a leading mergers and acquisitions advisor for privately held businesses, is pleased to announce the sale of its client, Green Prosthetics and Orthotics, Inc., to Mobility Ideal Health Care. The acquisition closed November 2, 2022.

Located in Erie, Pennsylvania, and with multiple locations in Pennsylvania and New York, Green Prosthetics and Orthotics (Green) is a custom fabricator of prosthetic and orthotic devices. The Company has been providing medical equipment to various individual patients and hospitals for over 80 years.

Mobility Ideal Health Care, headquartered in Edison, New Jersey, has nine locations and believes mobility is the foundation of vibrant lives, thriving communities, but most importantly progress in humanity. It is this fundamental principle that they pride themselves in as being a national leader in enhancing and empowering human mobility solutions. They focus on improving mobility, quality of life, function, and outreach one patient at a time.

The Company works hard to keep people mobile at every age and at all points of life. As they strive to improve mobility and affordability, they continue their journey in making communities healthier in mind, body, and spirit everywhere they go. Mobility Ideal Health Care provides comprehensive mobility services including: Prosthetics, Orthotics & Diabetic Footcare, Physical & Occupational Therapy, Durable Medical Equipment, and PPE.

Generational Group Executive Managing Director, M&A-Technology Practice Leader, David Fergusson, and his team, led by Senior M&A Advisor, Faraaz Ali, with the support of Managing Director, M&A, Corey Painter, successfully closed the deal. Senior Managing Director Eric Colton established the initial relationship with Green.

“This was a deal where all the stars aligned perfectly. Our client was a niche custom fabricator of prosthetic and orthotic devices that checked all of the investment criteria boxes of a strategic acquisition party that was consolidating in this space,” said Ali.

Ali added, “Outside of the mutually beneficial structure of the deal, what brought both parties together was their mutual passion for human mobility solutions and the commitment to bettering the lives of those that have been impacted.”