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Tag: Paragon Ventures


Paragon Ventures enjoys front seat to industry change

Providers

Paragon Ventures enjoys front seat to industry change

May 24, 2024Theresa Flaherty, Managing Editor

NEWTOWN, Pa. – Even after three decades in mergers and acquisitions, Jonathan Sadock and Marc Rose of Paragon Ventures still get excited to see how HME companies are evolving.  “We have the benefit of having so much experience with seeing so many companies and how they – and the HME sector – have evolved to what it is today,” said Sadock, CEO and managing partner at Paragon Ventures.  Paragon, which launched in 1994, has successfully completed more...

Home Medical Equipment (HME), Jonathan Sadock, Marc Rose, Mergers & Acquisitions (M&A), Paragon Ventures


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News

In brief: Quipt’s ‘robust’ quarter, Cardinal’s raised guidance, Paragon’s 30th anniversary 

February 16, 2024HME News Staff

CINCINNATI – Quipt Home Medical reported revenue of $65.4 million for the first quarter of fiscal 2024, a 60% increase compared to the same period last year.  Adjusted EBITDA was $15.3 million (23.5% of revenue) vs. $9.0 million (22% of revenue), a 71% increase; and net income (loss) was $(0.6) million vs. $0.3 million.  “We continued experiencing robust demand trends in the first quarter across our diverse product offering and are very pleased with the continued record...

Cardinal Health, Paragon Ventures, Quipt Home Medical


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Providers

Paragon Ventures marks 30 years

February 14, 2024HME News Staff

NEWTOWN, Pa. – Paragon Ventures is celebrating 30 years of strategic M&A for health care businesses.   The company has successfully completed more than 350 strategic mergers and acquisitions transactions in 45 states and across the continuum of health care, including infusion therapy, behavioral health, medical device, pharmacy, home medical equipment and advanced medical technologies.  “Our 30th anniversary is a testament to the trust placed in us by our clients...

Home Medical Equipment (HME), Mergers & Acquisitions (M&A), Paragon Ventures


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Also Noted

Paragon Ventures published ebook 

December 18, 2023HME News Staff

WAYNE, Pa. – Paragon Ventures has published the first in a series of articles to guide companies through the sale, merger and acquisition process. The first article, “Preparing for M&A,” reviews establishing transaction goals, assembling an M&A team and developing a sale strategy. “In the dynamic landscape of business, mergers and acquisitions have become integral for some companies seeking growth, market expansion, or strategic realignment,” Paragon states. “For...

Mergers & Acquisitions (M&A), Paragon Ventures


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Also Noted

Blake Pharmacy sells to PharMerica 

September 27, 2023HME News Staff

WAYNE, Pa. - Blake Pharmacy has sold to PharMerica, a national provider of pharmaceutical services, according to Paragon Ventures. Blake Pharmacy has established a strong presence in Florida and its sale to PharMerica will allow it to leverage resources, infrastructure and advanced technology platforms. “We are proud to join forces with PharMerica and embark on this exciting new chapter,” said Ashish Patel, founder and CEO of Blake Pharmacy. “By integrating our strengths and capabilities,...

Blake Pharmacy, Home Infusion, Mergers & Acquisitions (M&A), Paragon Ventures, PharMerica


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Jonathan Sadock

Providers

M&A analysts: ‘Focus on acquiring solid companies’

February 10, 2023Theresa Flaherty, Managing Editor

YARMOUTH, Maine – Industry analysts see steady deal-making in 2023, with a variety of companies making buys in both typically hot markets like respiratory and newly hot markets like repairs, but with more of a focus on due diligence.  “I think the interest is at both the national level, as well as the larger regionals, aggressively pursuing acquisitions,” said Pat Clifford, managing director, home medical equipment, for The Braff Group. “There is acquisition appetite...

Home Medical Equipment (HME), Paragon Ventures, Provident Healthcare Partners, The Braff Group, Vertess


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Providers

AdaptHealth acquires Keene Medical Products

April 14, 2022HME News Staff

ENFIELD, N.H. – AdaptHealth has acquired Keene Medical Products, a respiratory-focused, full service DME business based here.  Founded in 1975, Keene has 132 employees with five locations in New Hampshire and four in Vermont.  “We are grateful that so many people have placed their trust in our teams of professionals and in our products and services,” said Kurt Filiault, owner. “We are proud of our reputation.”  Keene Medical Products was named...

AdaptHealth, Home Medical Equipment (HME), Keene Medical Products, Paragon Ventures


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Sadock

Specialty Providers

Home infusion: Interest still high, inventory still low

March 4, 2022Theresa Flaherty, Managing Editor

YARMOUTH, Maine – A handful of recently announced deals underscores the continued appetite for home infusion companies propelled by the COVID-19 pandemic, say M&A analysts.  Option Care Health recently announced it acquired Wasatch Infusion and entered into an agreement to acquire Specialty Pharmacy Nursing Network.  “Option Care has been doing deals for 20 years and I don’t think that’s going to stop – they continue to fill out their geographic...

Home Infusion, Mergers & Acquisitions (M&A), Paragon Ventures, Provident Healthcare Partners, The Braff Group, Therapy


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News

In brief: CMS moves on proposed rule, Paragon closes four deals, VGM updates bid study

October 22, 2021HME News Staff

WASHINGTON – CMS has sent the DMEPOS proposed rule to the Office of Management and Budget for final review, AAHomecare reports.  A letter asking CMS to act on the rule, published a year ago, garnered 95 signatures from members of the House of Representatives, including champions on the influential Ways and Means and Energy and Commerce committees.  “Capitol Hill is starting to understand the market realities and new operational environment that suppliers and manufacturers...

Competitive Bidding, DMEPOS, Mergers & Acquisitions (M&A), Paragon Ventures, Proposed Rule


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Medtrade Show Daily

Industry gets ‘back to normal’ at Medtrade East

October 19, 2021Theresa Flaherty, Managing Editor

ATLANTA – Finding new products, booking new business and making new connections was back in full swing at Medtrade East. “With the exhibitors and the attendees we have here, people are ready to get back to normal,” said Show Director York Schwab. “I think we’ve shown there is no substitute for face-to-face interaction.” The newly rebranded Medtrade East at the Georgia World Congress Center in Atlanta kicked off on Monday with a full day of educational sessions,...

Diamond Medical Supply, NorthShore Care Supply, Paragon Ventures, Quipt Home Medical, US Medical Supply, York Schwab


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