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CUDAHY, Wisconsin — Health care laundry company Superior Health Linens LLC has raised $1.5 million in equity, according to a Securities and Exchange Commission regulatory filing.
The company provides linen services to hospitals, nursing homes and clinics for a 29,000-square-mile area in Wisconsin and Illinois from three locations. Its services include renting, laundering and delivering bedding, towels, blankets and clothing.
A Deep-dive Into Specialty Pharma
A specialty drug is a class of prescription medications used to treat complex, chronic or rare medical conditions. Although this classification was originally intended to define the treatment of rare, also termed “orphan” diseases, affecting fewer than 200,000 people in the US, more recently, specialty drugs have emerged as the cornerstone of treatment for chronic and complex diseases such as cancer, autoimmune conditions, diabetes, hepatitis C, and HIV/AIDS.
Superior Health Linens is seeking to raise $3.5 million, according to the filing. The laundry business is apparently more profitable than one might guess. The company raised $1 million in July 2009 and $5.3 million in 2007, according to other regulatory filings.
The company says its “proud to be accredited by the Healthcare Laundry Accreditation Council,” which required showing that it follows government standards for handling, processing and transporting health care textiles.
