Tag: Care Medical

LOS ANGELES - Patient Home Monitoring (PHM), a company focused on rolling up annuity-based healthcare service companies in the U.S. and Canada, has acquired Care Medical Partners, a Georgia-based HME provider, for about $5.5 million, according to a press release. Under the terms of the deal, PHM will acquire 100% of Care Medical in exchange for $144,243 in cash and 5,655,476 in shares of PHM at $0.26 per share. As part of the deal, PHM will acquire $3.15 million in medical equipment placed with patients....

BOISE, Idaho - Norco, a full-line HME provider based here, has made two acquisitions in the Northwest, according to a press release. Care Medical is a respiratory and medical supply company with six locations in the Portland and Seattle region, and Walgreens Respiratory Services has four locations in the Seattle and Vancouver region. Norco adds 200 employees as a result of the deals; it already employs 950. Norco operates branches in Idaho, Montana, Oregon, Nevada, Utah, Washington and Wyoming....

Editor's note: This is the first in a three-part series.YARMOUTH, Maine - The national players in complex rehab have made a steady stream of acquisitions of well-known providers like Glass Seating and Mobility, Care Medical and Chesapeake Rehab—a development that leaves stakeholders to speculate over the implications."The reality is, there is some consolidation going on," said Don Clayback, executive director of NCART. "You have companies looking to expand their presence and smaller companies...

HAZELWOOD, Mo. - United Seating & Mobility (USM) has reached an agreement to purchase the rehab and repair divisions of Portland, Ore.­-based Care Medical Equipment, according to multiple reports. As part of the transaction, USM will add locations in Seattle, Olympia and Vancouver, Wash. Terms of the deal, expected to be completed Nov. 30, were not disclosed. The purchase of Care Medical comes on the heels of two recent acquisitions by USM: the Nov. 2 purchase of JeffQuip in Upper Chichester, Pa.,...

BAKERSFIELD, Calif. - In what's becoming a regular occurrence, the FBI has raided another home medical equipment provider in California.Agents removed boxes and equipment from the offices of Right Healthcare on Oct. 26, according to local news reports. Right Healthcare did not respond to requests for comment."The U.S. Attorney's office in Sacramento is being very aggressive in looking at HME companies in central California," said one source, who did not want to be named. "They are targeting oxygen...