Business View Magazine May 2023

174 BUSINESS VIEW MAGAZINE VOLUME 10, ISSUE 5 AT A GLANCE RAYSER HOLDINGS WHAT: An employee-owned holdings company with expansion to emerging markets WHERE: Cedar Rapids, IA WEBSITE: https://www.rayserholdings.com/ ayser Holdings is a unique and highly diversified company that is employee- owned as part of an employee stock ownership plan (ESOP). In 2019, the company sought to diversify in industries outside of healthcare, leading to three acquisitions that have created four brands for the Cedar Rapids, Iowa- based holding company. Those brands include CarePro Health Services, KELTEK, Inc., Midwest Memorials,LLC, and J-TEC Associates. CarePro Health Services is a healthcare company that supplies and distributes home medical equipment and infusion therapies along with nursing services to their patients. It is part of Rayser’s healthcare business that remains after the company sold off another healthcare subsector a few years before the COVID pandemic began. CarePro Health Services is the largest brand in Rayser’s portfolio, providing the most revenue and employing the highest number of employee owners. KELTEK, Inc. was acquired as the first of three acquisitions since becoming a holding company and was selected to help diversify the company into other markets. KELTEK supplies, installs, and services R D EMBRACING NER MODEL