Tag: Acquisition

CLEVELAND – Medical Service Company has acquired Ascension St. Vincent’s Medical Equipment, a full-service DME provider located in Evansville, Ind.  “As part of this exciting acquisition, MSC has expanded its partnership with Ascension from Central Indiana now down to Evansville,” the company stated in an announcement. “We are also thrilled to welcome the new team members joining the MSC family. We look forward to offering our industry-leading chronic care solutions...

CINCINNATI – Quipt Home Medical recently acquired a company with operations in Missouri for about $2.25 million in cash, adding three locations, 15,000 active patients, and 1,500 unique referring physicians.  The acquired company reported unaudited trailing 12-month annual revenues of about $5.5 million and an expected adjusted EBITDA of $1.1 million.  “We continue to focus on strategic acquisitions that help to build our footprint across the United States,” said...

NORTHFIELD, Ill. – Medline plans to acquire a significant portion of the Hudson RCI brand of respiratory products from Teleflex, in a bid to strengthen its offerings in light of the COVID-19 pandemic.  Hudson RCI’s oxygen and aerosol therapy, active humidification and pulmonary hygiene products will complement Medline’s respiratory portfolio; will add two manufacturing facilities in Arlington Heights, Ill., and Nuevo Laredo, Mexico; and will add 1,000 employees.  “Hudson...

BRENTWOOD, Tenn. - Numotion has expanded into Amarillo, Texas, with the acquisition of the complex rehab division of BritKare. “Numotion is proud to continue to grow our reach in Texas with this investment in BritKare,” said Mike Swinford, Numotion CEO. Founded in 1995, BritKare has been serving the mobility needs of customers in the areas surrounding Amarillo and Lubbock, Texas, for more than 25 years. The company's employees, including four assistive technology professionals, will join...

INDIANAPOLIS - Cryogenic Solutions, a factory authorized service center, has acquired New York-based Inventory Solutions, a national supplier of refurbished respiratory products. Founded in 2000, Inventory Solutions offers ventilators, apnea monitors, self-fill systems, concentrators, pulse oximeters, phototherapy lights, portables and cylinders. “With this acquisition, Cryogenics Solutions gains a knowledgeable team of employees that are committed to providing the HME industry with a full...

SAN DIEGO - ResMed invested $1 billion in acquisitions in fiscal year 2016. Now, the company is “laser focused” on getting a return on its investment, says CEO Mick Farrell.ResMed bought Inova Labs for an undisclosed sum and Brightree for $800 million, both earlier this year.“We have been able to put our balance sheet to work this fiscal year,” Farrell said during a July 28 conference call to discuss recent financial results.ResMed reported net revenues of $342.5 million...

DAVISON, Mich. - Universal Software Solutions has purchased Metridoc, the content management and document imaging asset of Certerline, Mich.-based Titan Solutions.Metridoc provides a flexible application programming interface for both web-based and premise solutions, allowing third party components to be added for further enhancements, such as OCR, 2D and 3D barcode recognition, document conversions, translation services and handwriting recognition. “With the addition of this product, in very...

ATLANTA. - ASP Global, a medical supply sourcing company, has acquired InHome Medical Solutions, a Jacksonville, Fla.-based distributor of wholesale medical products serving physicians and home health/hospice providers. “InHome expandsour distribution capabilities and advances the organization's mission of supporting the full continuum of care in any setting: hospitals, IDNs, home health, hospice and group practices," said Lorne Tritt, CEO of ASP Global in a release. Through the new partnership,...

NASHVILLE - National Seating & Mobility has acquired Garden City, N.Y.-based Home Medical Equipment, the provider announced this week. HME provides seating and mobility systems and home accessibility equipment to all five New York City boroughs. “As we continue to grow our footprint in the Northeast, we're pleased to add the expertise and dedication of all the HME staff members,” said Bill Mixon, president and CEO of NSM. “Bill (Tobia) and his team have created a great company that...

DALLAS - Ascendant Solutions, an investment firm, and its healthcare subsidiary, Dougherty's Holdings, have acquired The Medicine Shoppe pharmacy in McAlester, Okla.It's the fourth recent acquisition for Ascendant, which trades on Pink Sheets and is focused on acquiring, managing and growing community-based pharmacies in the Southwest region under Doughtery's Holdings.“Given its excellent reputation as the premier independent pharmacy in McAlester, we intend to continue to operate this...