Lincare buys provider with scale

Friday, September 7, 2018

MIDDLEBURY, Conn. – When Lincare bought J&L Medical Services, it got a “gem,” says one industry analyst.

J&L Medical, a provider of home respiratory and sleep therapy equipment and supplies, serves patients from seven locations throughout Connecticut and southwestern Massachusetts. The company, named “Best Home Respiratory Provider” by HME News in 2007, was founded by John Loyer and Lynn Tata Plummer in 2003.

“John focused and did a really good job in the area of sleep,” said Jonathan Sadock, managing partner/CEO of Paragon Ventures, which advised J&L Medical on the transaction. “He built enough scale behind it to really make a difference in that marketplace. Lincare really got a gem with J&L.”

Terms of the deal between J&L Medical and Lincare were not disclosed, but Lincare will maintain J&L Medical’s current locations and most of its staff, according to a press release.

For his part, Loyer credited his employees for the company’s success over the years.

“I am very proud to have worked with the best team who share a common goal: delivering equipment and services in a caring, competent and professional manner,” said Loyer, CEO, in the release.

J&L Medical’s success hasn’t been without hiccups, however: In 2016, it agreed to pay $600,000 to settle allegations that it violated state and federal regulations by using unlicensed technicians to set up CPAP and Bi-level machines—a common practice in the industry, Loyer said at the time.