We are pleased to announce that Therafin Corporation has joined AltimateMedical, a Granite Company. Together, Altimate and Therafin can create value for customers and partners in the complex rehabilitation and healthcare markets.
St. Cloud, MN. (April 7, 2025) – We are pleased to announce that Therafin Corporation has joined AltimateMedical, a Granite Company. The partnership closed on March 31, 2025. We welcome President Todd Fink, a member of the company’s founding family, and all Therafin stakeholders into the Altimate and Granite communities.
Founded in 1968 by Gilbert “Gibb” Fink, Therafin is a designer and manufacturer of innovative adaptive and rehabilitative medical equipment, including positioning accessories, seating systems, foot supports, headrests, and lap trays. Known for attention to detail and customer responsiveness, Therafin makes products that support individuals with mobility and daily living challenges. Based in Frankfort, Illinois, Therafin employs 33 team members. See Therafin.com for a company profile.
Therafin’s products are a strong complement to AltimateMedical’s shower/commode chairs, sit-to-stand devices, and imaging tables. Beyond strengthening the company’s product offerings, the strategic partnership can enhance innovation and manufacturing capabilities, provide economies of scale, and reach a broader market. Together, Altimate and Therafin can create value for customers and partners in the complex rehabilitation and healthcare markets.
Todd Fink, President of Therafin commented, “We’re excited to partner with AltimateMedical as we work to offer the best customer support in the business and take our product development to the next level. This collaboration strengthens our commitment to our customers, our team, and the values my father built this company on. We’re proud to continue our legacy of private ownership and look forward to this next phase of growth – together.”
“Altimate and Therafin share a deep commitment to improve lives with thoughtfully designed medical technology and to enhance stakeholder wellbeing over the long term,” said Ryan Williams, CEO of AltimateMedical. “We warmly welcome Therafin team members, suppliers, and customers into the Altimate family and look forward to our shared future of innovation and collaboration.”
Pat Edeburn, Granite Partners co-founder and Operating Partner, said, “The Therafin partnership marks Altimate’s third add-on acquisition since Granite invested in AltimateMedical in 2014. This combination underscores Altimate’s commitment to enhancing our durable medical equipment offerings by adding Therafin’s specialized accessories and unique sewing and cushion capabilities to improve our market offerings and supply chain.”
Granite Partners assisted AltimateMedical in the acquisition of Therafin. Fredrikson & Byron, Lathrop GPM, and DuVal & Associates represented and CliftonLarsonAllen, Marsh McLennan Agency, Ramboll, Deloitte, Vanguard, Gallagher, and Iris Pricing Solutions advised on the investment. JP Morgan Chase Bank, N.A. and Bell Capital Finance provided financing.
