Carex Health Brands (“Carex”), headquartered in Sioux Falls, South Dakota, is a leading designer and marketer of branded home medical equipment. Carex produces and sells products under four brands – Carex, Apex, Bed Buddy and Thera-Med. Products include mobility aids, bath safety products, medication compliance aids, and hot/cold therapy products. Carex’s customers are primarily big box retailers, chain pharmacies, grocery stores and pharmaceutical distribution companies.
Merit invested both subordinated debt and equity in support of the acquisition.