Tag: Merger

CARY, N.C. - The Accreditation Commission for Health Care and the Healthcare Facilities Accreditation Program are merging to form a single company. HFAP will operate as a branch within ACHC and, collectively, the organization will be known as ACHC. “Together, the combined services of ACHC and HFAP open possibilities for health care providers, affording them more choices and greater ease in meeting the accreditation and certification needs of their organizations,” said Jose Domingos, president...

ST. LOUIS - Centene Corp. has completed its acquisition of WellCare Health Plans, creating what it calls the leading healthcare enterprise focused on government-sponsored healthcare programs.Centene now provides health care to more than 24 million members across 50 states, or one in 15 people across the nation."We are pleased to have completed this transformational acquisition to create a leading healthcare enterprise committed to helping people live healthier lives through access to high-quality...

NEW YORK - DFB Healthcare Acquisitions stockholders have voted to approve all of the proposals related to its merger with AdaptHealth Holdings. The company's board of directors previously approved the combination and recommended that stockholders do the same. Stockholders also approved proposals to: change DFB's name to AdaptHealth and remove certain provisions related to DFB's status as a blank check company; issue certain securities for complying with applicable listing rules of the Nasdaq Capital...

CHICAGO - Hillrom has entered into a definitive agreement to buy Breathe Technologies, an Irvine, Calif.-based manufacturer of patented, wearable non-invasive ventilators, for $130 million.“The acquisition provides an exciting growth platform that utilizes our direct Respiratory Care commercial channel and business model,” said John Groetelaars, president and CEO of Hillrom. “This transaction represents another example of our plan to strategically deploy capital with a disciplined...

DENVER - Key members of BioScrip's leadership team will continue in executive roles with the combined company following the close of its pending merger with Option Care Enterprises. Dan Greenleaf, president and CEO of BioScrip, will become special advisor to the newly combined company's board chairman, Harry Kraemer, and CEO John Rademacher. Greenleaf will provide strategic and operational counsel to ensure a smooth transition, optimize the integration of both companies and drive long-term opportunities....

LOS ANGELES - St. Cloud Capital, a private equity firm based here, has announced a growth capital investment in AleraCare Holdings, a provider of home and community based healthcare and pharmacy services. AleraCare now comprises three companies: MedicoRx Specialty Pharmacy, a specialty and home infusion pharmacy serving the California market; Vasco Infusion, a physician healthcare practice with several ambulatory infusion centers serving the Arizona and northern California markets; and VascoRx Specialty...

AUBURN, N.Y., and BUFFALO, N.Y. - Homecare Medical Supply in Auburn, N.Y., has become a branch of Respiratory Services of Western New York in Buffalo, N.Y., according to the Olean Times Herald. Homecare Medical Supply will retain its name and location, and the son of the founders, Joe Manning, and granddaughter Cynthia Manning, will continue to manage the store, the newspaper reported. Respiratory Services of Western New York is a full-service provider of home respiratory and medical equipment and...

DEERFIELD, Ill. - Walgreens Boots Alliance is said to be in early talks to take over Valley Forge, Pa.-based AmerisourceBergen, according to news reports, though “no deal is imminent and there may not be one,” according to the Wall Street Journal. Walgreens already owns a 26% stake in the drug wholesale company. “For Walgreens, buying Amerisource would be an example of so-called vertical integration, in which a company acquires a link in its supply chain, enabling it to keep more...

WASHINGTON - AAHomecare and The VGM Group will merge their respective consumer advocacy groups into one industry wide platform.Per the merger, AAHomecare's Save My Medical Supplies and VGM's People for Quality Care will combine under the PFQC brand.“This coordinated, collaborative effort builds upon our past successes, while streamlining advocacy efforts to maximize impact,” said Tom Ryan, president and CEO of AAHomecare.The groups aim to use their collective influence and resources to...

YARMOUTH, Maine - When two companies as big and different as ResMed and Brightree merge, there's more than likely going to be an impact on their HME provider customers, the majority of respondents to a recent HME Newspoll say.Sixty percent of respondents expect the mega deal to affect their businesses, some say in good ways and some say in potentially concerning ways.“Mergers and acquisitions have become common in our industry,” wrote John Reed, CEO of Walnut Medical Services. “We...