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Announced

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Sumitomo Corporation completed an investment in Quest Health Solutions.

Synopsis

Sumitomo Corporation, a diversified corporation, completed an investment in Quest Health Solutions, a medical equipment manufacturer. Financial terms were not disclosed. "The confidence shown by Sumitomo Corporation of Americas, and its alignment with our vision for the industry, adds tremendous momentum to our growth plans. Finding a partner who believes in our model was critical to our priorities and our quest for continuous improvement in patient care. As 10,000 Americans age into Medicare daily, many prefer home care to avoid costly hospitalizations. We expect our partnership to enhance the trust that tens of thousands of consumers place in our services. Delivering necessary medical equipment leads to better patient outcomes and reduced healthcare costs," Adam Nadler, Quest Health Solutions CEO and Co-Founder.

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