Tag: M&A

BRENTWOOD, Tenn. – Numotion has opened its first physical location in New Hampshire.  The location in Manchester, at 100 Cahill Ave., Suite D, will be staffed by three assistive technology professionals, as well as additional service and support teams.  “We are thrilled to open our first location in New Hampshire,” said Gary Gilberti, executive vice president, East Division. “Numotion remains committed to expanding our physical presence in the...

NEWPORT BEACH, Calif., and BRIDGEWATER TOWNSHIP, N.J. – Cure Medical on March 24 announced that is has been bought by ConvaTec and that its CEO, John Anderson, will join the Continence Care division of the company.  The two companies have complimentary portfolios and, together, will be able to offer a more comprehensive range of products and services for patients and their DME partners, Cure Medical says.  “I welcome ConvaTec, a long-time...

NASHVILLE, Tenn. – National Seating & Mobility has acquired The Albany Lift Company in Albany, N.Y., expanding its services throughout upstate New York, western Massachusetts and southern Vermont. “The Albany Lift Company has a strong reputation for customer service that aligns well with NSM’s client-centric focus,” said Bill Mixon, CEO of NSM. “We are proud to welcome this group of experienced professionals on board at NSM and look forward to working with this team...

WASHINGTON – CMS has published an adjusted fee schedule for oxygen therapy for April 2021 that no longer includes a percentage reduction to meet the budget neutrality requirement.  The adjustments result in an increase in fee schedule amounts ranging from $6.72 to $8.19 in former competitive bidding areas; $5.17 to $5.43 in other non-rural areas; and $4.14 to $6.82 in non-contiguous and rural areas, according to the VGM Group.  The fee schedule amounts are not retroactive...

NEW PROVIDENCE, R.I. – The Halifax Group, which invested in PromptCare Companies in 2017, is now looking to sell the company, according to PE Hub.  The process is in its second rounds, with first-round bids already submitted, according to the publication.  Because PromptCare has two distinct businesses – home infusion therapy and complex respiratory therapy – there may be two separate transactions, according to PE Hub.  PromptCare has nearly tripled...

NASHVILLE, Tenn. – National Seating & Mobility has acquired Blue Moose Elevators & Stairlifts in Atlanta, broadening its mobility and accessibility options to clients in the metropolitan and surrounding areas. Blue Moose Elevators & Stairlifts, led by Dr. Jeremy Hammonds, was founded in 2005. “Blue Moose Elevators has an outstanding reputation and people-centered culture that aligns well with our own,” said Bill Mixon, NSM CEO. “We are pleased to welcome this team...

MERION STATION, Pa. – The owner of OxygenWorks, Philomena Baylor, has divested her business to AdaptHealth.  OxygenWorks, based here, is a privately owned, multi-generational company providing a broad spectrum of respiratory equipment and supplies to patients in Pennsylvania, Delaware and New Jersey, according to a press release from the company’s adviser, Central HealthCare Group.  Central HealthCare Group is a Philadelphia-based...

BELOIT, Wis. – Integrated Homecare Services has acquired the HME division of HomeCare Pharmacy, according to the Beloit Daily News. Mark Hatch, president of Integrated Homecare Services, told the newspaper that the acquisition was an opportunity to grow the business and bring to market additional services. Integrated Homecare Services has offices in Beloit and Rockford, offering a full line of home medical equipment and respiratory equipment. It also offers women’s health products....

ASHEVILLE, N.C. – Aeroflow Healthcare has entered into a definitive agreement to buy Wheeling, West Va.-based Family Medical Supply.  Family Medical Supply, founded in 1991, services West Virginia and the greater Ohio Valley with a product portfolio that includes HME and incontinence supplies.  “The acquisition of Family Medical Supply is an exciting step in Aeroflow’s ongoing strategy to grow through acquisition,” said Casey Hite, CEO of Aeroflow....

LAKE FOREST, Calif. – After a lengthy period of relative quiet, Apria Healthcare’s planned IPO could signal a company that is ready to grow, say M&A analysts.  The provider on Jan. 15 filed a Form S-1 with the Securities and Exchange Commission, a step it must take before filing an initial public offering.  “They’ve been a bit conspicuous by their absence in doing transactions,” said Jonathan Sadock, managing partner/CEO of Paragon...