AHP rumored to explore sale
BRENTWOOD, Tenn. – American HomePatient (AHP) is reportedly considering a sale.
The Deal has reported that the provider has retained Jefferies & Co., to explore a sale.
AHP was acquired by Highland Capital Management in 2010 in an effort to avoid bankruptcy. At the time, it had $226 million in debt.
Like many companies in the HME industry, AHP has struggled with reduced reimbursement rates.
Founded in 1983, the provider offers respiratory services, HME and home infusion services through 250 locations to more than 1 million patients nationwide.
In January 2014, Mark Lamp took over as president and CEO, replacing longtime head Joseph Furlong, who retired.