National bulks up in New England
JOHNSTON, R.I. - Lincare closed a deal Dec. 29 to acquire Respiratory Solutions, a three location HME that does business in Rhode Island and Massachusetts. Lincare confirmed the deal but declined further comment. Respiratory Solutions CEO Bernie Lambrese did not return a phone call. Lambrese, and three other founders launched Respiratory Solutions in July 2001 by contributing $300,000 of their own money. The trio also secured roughly $1.7 million in loans and investments to help grow the company. Respiratory Solutions generated $3 million to $4 million in revenue in 2002.