Aidacare is a leading Australian healthcare distributor
• Quadrant is partnering with Aidacare via its buyout fund, Quadrant Private Equity No.7
• Partnership will seek to accelerate growth, expand domestic and international footprint
Quadrant Private Equity (“Quadrant”) has partnered with Aidacare, a leading Australian healthcare distributor, to accelerate the growth of the business in domestic and international markets.
Aidacare was established in 2010 by the Garland family and has a national healthcare equipment distribution footprint, across 54 branches with a team of 900 employees. Aidacare services the $2.0 Billion plus healthcare mobility equipment and assistive technology market, where demand is accelerating due to Australia’s ageing population and growing need for complex rehabilitation support services.
Quadrant has made the significant investment in Aidacare via its buyout fund, the Quadrant Private Equity No. 7 fund.
Quadrant Managing Partner, Alex Eady, said:
“Aidacare’s focus on providing high-quality customer service and product excellence to its customers and healthcare professionals has resulted in it being a preferred supply partner to many of Australia’s leading aged care providers, hospitals, and government health departments for their healthcare solutions.”
“We look forward to partnering with Aidacare’s management and the Garland family to support Aidacare’s growth ambitions, including the continued investment in its people, technology and local & international distribution network.”
Founder and Director of Aidacare, Sam Garland, said:
“Partnering with Quadrant is a natural next step in our business journey. Quadrant’s investment in Aidacare is an important milestone for our business and a vote of confidence in our people and strategy.”
“Aidacare’s strong relationships with customers and partners coupled with Quadrant’s capital and experience in executing growth strategies will position the business to keep pace with demand for our products and solutions both in Australia and overseas.”
“This partnership allows us to continue to pursue our plans for growth and achieve the highest level of localised support for our customers”
Quadrant’s Alex Eady will join the Board alongside Investment Director Mark Chudek and Associate Director Taseen Rahman.
Quadrant was advised by EY, LEK, Gilbert & Tobin and PwC. Aidacare was advised by Greenstone Partners, Mont
Lawyers and BDO.