owner of

has been acquired by


MRB is a leading provider
of specialty durable
medical equipment.

The undersigned acted as financial advisor to MRB in this Transaction

MRB Acquisition Corp.

Description

MRB Acquisition Corp., via its Open-Aire and u-Scoot divisions, is a leading provider of specialty durable medical equipment, including portable oxygen concentrators, power chairs, and scooters. Open-Aire is the largest Medicare portable oxygen equipment provider in the U.S., and u-Scoot consistently ranks in the top 10 for mobility providers.

Situation

MRB had been approached by an interested party and management was looking for assistance in its negotiations as well as soliciting additional interest. The Company engaged Croft & Bender to advise the Company through an exclusive sale process, which included valuing the business, identifying a targeted group of potential strategic buyers, marketing the Company, evaluating offers, selecting a partner, and negotiating the transaction.

Result

Croft & Bender successfully negotiated the sale of the Company to Lincare Holdings Inc. (NASDAQ: LNCR). Lincare, with approximately $2.0 billion in revenue, is a leading national provider of oxygen, respiratory therapy services, specialty pharmaceuticals, infusion therapy services, and home medical equipment to the home health care market.