Tag: Braff Group

YARMOUTH, Maine – A handful of recently announced deals underscores the continued appetite for home infusion companies propelled by the COVID-19 pandemic, say M&A analysts.  Option Care Health recently announced it acquired Wasatch Infusion and entered into an agreement to acquire Specialty Pharmacy Nursing Network.  “Option Care has been doing deals for 20 years and I don’t think that’s going to stop – they continue to fill out their geographic...

YARMOUTH, Maine – Owens & Minor’s anticipated acquisition of Apria Healthcare, announced earlier this month, follows the playbook of a deal generating synergies between buyer and “buyee,” but the companies have their work cut out for them, says Dexter Braff, president of the Braff Group.  “You’ve got two mammoth organization trying to find a way to work with one another to optimize these and leverage those opportunities,” he said. “It’s...

YARMOUTH, Maine – The theme for buyers and sellers in 2021 is “respiratory, respiratory, respiratory,” said Don Davis, president of Duckridge Advisors.  Helping to drive that trend: AdaptHealth, which capped off a busy 2020 by announcing in December that it would acquire AeroCare, which specializes in CPAP, nebulizers, oxygen and ventilators, for nearly $2 billion in cash and shares.  “It’s perfect iteming – the demographics are there,...

YARMOUTH, Maine - After briefly hitting the pause button in March when “the world turned upside down,” buyers and sellers are back at the table, say M&A analysts.While the HME industry certainly took a few hits, unlike the restaurant and hospitality sectors, for example, it proved much more resilient in the face of a public health emergency, says Pat Clifford, managing director, home medical equipment, for The Braff Group.“DME is part of the solution for COVID,” he said. “Once...

YARMOUTH, Maine - Building on a handful of notable deals in late 2019, M&A analysts say they expect a strong 2020—at least to start.Among the most active in 2019 was AdaptHealth, which in the fourth quarter bought several sizable companies, including McKesson's Patient Care Solutions business, and became a public company.“There is money flowing and deals—good deals—are getting done,” said Don Davis, president of Duckridge Advisors. “I think the buyers are...

YARMOUTH, Maine - A flurry of M&A deals closed in the fourth quarter of 2018, making it one of the busiest quarters in the past several years, say analysts.A big reason for that: CMS's decision to pause competitive bidding for two years, while it makes substantive changes to the program.“Volume is up, inquiries are up,” said Don Davis, president of Duckridge Advisors. “There's a lull from Medicare (in competitive bidding) and people are thinking more about their businesses. I suspect...

“We believe we're on the cusp of another 2012,” said Dexter Braff, president of The Braff Group, during a webcast last week on the M&A outlook for HME.What happened in 2012?According to The Braff Group: The number of HME deals jumped to 107, up from 71 in 2011 and 59 in 2010; and the number of private equity deals also jumped to 10, up from four in 2011 and 2010.2012 was also the year after CMS kicked off its competitive bidding program in the country's largest cities on Jan. 1, 2011.Putting...

YARMOUTH, Maine - It's still early, but CMS's proposed changes to the competitive bidding program could renew M&A activity, analysts say.In the short term, the agency wants to implement an any willing provider provision when the current bid contracts expire, allowing any Medicare-enrolled provider to serve beneficiaries while it overhauls the program.“Now that you don't have these handcuffs on, you can go out and grow organically or through acquisitions,” said Brad Smith, managing director...