Viemed to acquire HMP
By HME News Staff
Updated 9:52 AM CDT, Tue April 18, 2023
LAFAYETTE, La., - Viemed Healthcare, Inc. will acquire Tennessee-based Home Medical Products, Inc., a large regional provider of respiratory focused home medical solutions.
“We are incredibly excited to complement our strong history of organic growth by combining great teams through accretive transactions” said Casey Hoyt, Viemed CEO. “The purchase of HMP will launch our acquisition growth initiatives with a stellar organization that has an extraordinary reputation with patients, payors and physicians. Above all, the team at HMP shares our same driving passion for innovative patient-focused care.”
Home Medical Products, Inc., which was founded in September 2004, in 2022 generated net revenues of approximately $28 million. It currently has offices throughout Tennessee and in Alabama and Mississippi. Founder David Steele, CEO Jason Shiflet, and the HMP team are expected to join Viemed upon the completion of the transaction.
“We are exceptionally proud of the work that we have done to build HMP into the patient-centered organization that it is today,” said Steele. “We are now thrilled to become part of the Viemed family, allowing even greater expansion of care. We have a tremendous amount of respect for the management team and culture at Viemed and we are very excited to leverage the talent and resources of the combined companies.”
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