M&A: Cape Medical, Epic Health (x2), Compass Health
SANDWICH, Mass. – Cape Medical Supply has acquired New England Medical Homecare, a long-time provider of sleep therapy services in Auburn, Mass.
New England Medical’s location in Auburn becomes Cape Medical’s fourth full-service location and adds Worcester, Middlesex and parts of Norfolk counties to its service area.
“As we continue to explore our strategic options for succeeding in a changing and crowded healthcare market, bringing our industry-leading sleep therapy program to one of the most populous regions of Massachusetts made a lot of sense,” said Gary Sheehan, president and CEO of Cape Medical supply.
All current employees of New England Medical will join the team at Cape Medical.
One of Cape Medical’s first moves will be to upgrade and renovate New England Medical’s location at 7 Saint Mark Street to include a Sleep Therapy Center. Cape Medical will also transition New England Medical to its customer service programs and technology.
Epic Health makes two buys in one week
DALLAS – Epic Health Services, a portfolio company of Webster Capital and a provider of pediatric skilled nursing, therapy, developmental, enteral and respiratory services, has expanded its presence in Michigan by buying Pediatric Special Care in Southfield. It has also bought Las Vegas-based Spring View Home Health Care.
Pediatric Special Care is the only pediatric-focused nursing and HME company in Michigan. It has about 140 patients throughout the Detroit metro area, bringing Epic Health’s total patient count to 47,000. The acquisition expands Epic Health’s service territory to 18 states and adds 58 employees.
Going forward, Pediatric Special Care’s private duty nursing business, which makes up 60% of its business, will be rebranded to Epic Health Services. The HME business, which includes vents, oxygen, enteral nutrition supplies and apnea monitors, will be rebranded to Epic Medical Solutions, a division of Epic Health Services. The owners of Pediatric Special Care, husband-and-wife team Karen and Harry McKinney, plan to retire.
Spring View offers private-duty nursing services, as well as therapy and skilled nursing services, to the greater Las Vegas area. The deal will add 115 employees. Moving forward, Spring View will be rebranded to Epic Health. Earlier this week, Epic Health announced it had bought* Pediatric Special Care in Southfield, Mich.
Compass Health makes second buy this year
CLEVELAND – Compass Health Brands has acquired Meridian Medical, a manufacturer of gel overlays, cushions, support surfaces, lymphedema systems and respiratory products. “This acquisition expands our best in class product portfolio and provides us a solid platform in the pressure prevention category,” said Stuart Straus, president and CEO of Compass Health Brands. The Knoxville, Tenn.-based Meridian markets its products under the brands Air Lift, CareFore, Ultra Care, Gel Lite, Core Comfort and MediPress. Mike Cofer, president of Meridian, will stay on with Compass in the role of director of manufacturing operations. In April, Compass Health acquired the Strengthtape brand of kinesiology tape.