Protech buys HRT for $5.4M

Thursday, September 3, 2020

CINCINNATI – Protech Home Medical has acquired Buffalo Grove, Ill.-based Health Technology Resources, a home respiratory services company that serves the Chicago area. HTR, which has 16 employees, has traditionally focused on high-acuity respiratory patients, including those with ALS and COPD. Its “NIV RX Plus Disease Transition Program” makes up just over one-third of its overall revenue but is the fastest growing segment of its business. “The acquisition of HTR reflects our continued effort to find quality at-home care providers with a focus on turn-key respiratory solutions that symbiotically fit into the Protech model, where we can harness our existing infrastructure to effectively capture meaningful post-integration synergies,” said Greg Crawford, CEO and chairman. Protech will pay approximately $5.4 million for HTR.