Rhythm Management Group (Rhythm) has announced the acquisition of Equis Consulting Group (Equis), an Indiana-based provider of clinical and consultative remote monitoring and management services.
The acquisition, which officially closed on September 30, forms the largest full-service remote cardiac monitoring company in the United States.
“As a proven leader in remote monitoring solutions since our founding in 2011, we are very well-positioned in the market,” said Rhonda Bray, CEO and Founder of Rhythm. “The acquisition of Equis further solidifies our commitment to providing the best and most seamless remote monitoring experiences to our customers and their patients. By bringing our teams and our resources together, we will further increase our ability to improve healthcare and make remote patient care better, easier, and more rewarding.”
Through the acquisition, Rhythm significantly enhances its national footprint and geographic presence across the Midwest. With more than 150 active customers, 125,000 monitored patients and a greater than 90% customer retention rate, Rhythm continues to be a dominant force in the market as a result of their strong clinical processes, infrastructure and proprietary software – RhythmSynergy.
“The integration of our company as a fully-owned entity into Rhythm is a testament to the passion and commitment our employees have shown to improving healthcare,” said David Zimmers, Cofounder and Former CEO of Equis who will now become Director of Customer Integrations for Rhythm. “The fact is, our organizations are stronger together and we remain fully dedicated to meeting the needs of our customers and the patients we serve. This is a very exciting time as our combined teams will have a single focus on serving the industry.”
During the upcoming weeks, the Equis brand will fully transition to the Rhythm brand as the companies combine resources and staff. Financial terms of the deal have not been announced.
Rhythm is a woman-founded and minority-owned company that has more than 100 years of clinical and cardiac monitoring experience across its leadership team. The company is widely-recognized for its strong customer relationships and patient satisfaction, having achieved a 96% customer retention rate. As a testament to the company’s significant success, Rhythm was recently recognized by Inc. magazine as one of America’s fastest growing companies, a result of an impressive 410% 3-year growth rate that places them among elite businesses in the health product category.
