Braff Group M&A Report for 2005-06
By HME News Staff
Updated Sun April 30, 2006
- 87 deals were posted in 2005; although that's the second highest total recorded in the past five years, it's a 10% drop from the 97 deals posted in 2004.
- Stocks for publicly traded HMEs were down 18.3% in 2005, due to reimbursement cuts to oxygen therapy and respiratory meds, as well as soaring gas prices.
- From Dec. 15, 2005, to Feb. 2, 2006, the day after President Bush signed the Deficit Reduction Act, the mean decline in publicly traded HME firms was 1.4%. "While the oxygen cap may have sent shock waves throughout the industry, the reaction from Wall Street was one of decidedly less concern," the report stated.
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