Tag: M&A

WASHINGTON – CMS has sent the DMEPOS proposed rule to the Office of Management and Budget for final review, AAHomecare reports.  A letter asking CMS to act on the rule, published a year ago, garnered 95 signatures from members of the House of Representatives, including champions on the influential Ways and Means and Energy and Commerce committees.  “Capitol Hill is starting to understand the market realities and new operational environment that suppliers and manufacturers...

WAYNE, Pa. – Paragon Ventures has announced a number of deals, including the acquisition of Marra’s Homecare, a family owned HME company specializing in respiratory and rehab equipment and services, by KPH Healthcare Services, a national provider of pharmaceutical and health care services.  Marra’s Homecare has grown to multiple locations throughout upstate New York.  Paragon has also announced the acquisition of OlyHealth/Olympia Respiratory Services, a provider...

AKRON, Ohio – ACU-Serve has acquired Boca Raton, Fla.-based Professional Medical Administrators in a move the company says better positions it to “capture the highest collection rates at the lowest cost.”  The acquisition adds 60 U.S.-based employees, bringing ACU-Serve’s total roster to 200 employees.  “In a world where HME providers are struggling with staffing, our acquiring Pro-Med and being able to utilize their highly trained HME resources is a...

STEVENS POINT, Wis. – Ki Mobility has acquired Adaptive Engineering Lab (AEL), complementing and strengthening its Axiom seating line and expanding its commitment to becoming a complete solution for its customers.  “We are always looking for ways to improve our customer’s experience,” said Doug Munsey, president/CEO. “Integrating the AEL brands and products provides Ki Mobility the opportunity to expand the range of seating and positioning portfolio, which complements...

NASHVILLE, Tenn. – National Seating & Mobility has acquired an independently owned and operated HME provider in Red Deer, Alberta, representing its first location in the province. The provider specializes in complex rehab, mobility solutions and accessibility services. “This acquisition deepens our commitment to our Canadian customers and broadens our reach, allowing us to support even more individuals in their journey to achieve greater independence,” said Bill Mixon, NSM CEO....

BANNOCKBURN, Ill. – Option Care Health has acquired Infinity Infusion Nursing for $50 million in cash.  Infinity Infusion, founded in 2017, has a network of more than 1,300 nurses across 49 states.  “I am personally very excited to welcome the Infinity team to our existing clinical organization of more than 2,900 nurses, pharmacists, pharmacy technicians, respiratory therapists and dieticians,” said John Rademacher, Option Care Health CEO. “The clinical capabilities...

MINNEAPOLIS – Tactile Medical has acquired the assets of the AffloVest respiratory therapy business from International Biophysics Corp., a privately held company that developed and manufactures the portable, wearable vest.  AffloVest is used to treat patients with chronic respiratory conditions such as COPD-associated breathing conditions like bronchiectasis, or conditions resulting from neuromuscular disorders and cystic fibrosis, by managing airway clearance.  “The addition...

TORONTO – Motion, formerly Motion Specialties, has expanded its mobility and home accessibility business across Saskatchewan, with the acquisition of Golden Mobility & Rehab. The company now has 49 locations across five Canadian provinces. “Despite the ongoing challenges of the COVID-19 pandemic, our business has had tremendous expansion over the last nine months through the addition of North Coast Home Medical Equipment (Terrace, B.C.), A-1 Wheelchairs Unlimited (Langley, B.C.) and most...

CHELMSFORD, Mass., and CAESAREA, Israel – ZOLL Medical Corp. has signed a definitive agreement to acquire all outstanding ordinary shares of Itamar Medical for about $538 million.  Itamar Medical is focused on the development and commercialization of non-invasive medical devices and solutions to aid in the diagnosis of respiratory disorders, including the WatchPAT Home Sleep Apnea Device.  “It is currently estimated that 60% of cardiovascular patients suffer from some...

DEERFIELD, Ill., and CHICAGO – Baxter International announced on Sept. 2 that it has entered into a definitive agreement to buy Hillrom for $156 per share in cash for a total equity value of $10.5 billion and a total enterprise value of about $12.4 billion, including the assumption of debt.  Baxter says the acquisition brings a highly complementary product portfolio and innovation pipeline that will enable the company to provide a broader array of medical products and services to patients...