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Tag: Mergers & Acquisitions (M&A)


Providers

Paragon Ventures marks 30 years

February 14, 2024HME News Staff

NEWTOWN, Pa. – Paragon Ventures is celebrating 30 years of strategic M&A for health care businesses.   The company has successfully completed more than 350 strategic mergers and acquisitions transactions in 45 states and across the continuum of health care, including infusion therapy, behavioral health, medical device, pharmacy, home medical equipment and advanced medical technologies.  “Our 30th anniversary is a testament to the trust placed in us by our clients...

Home Medical Equipment (HME), Mergers & Acquisitions (M&A), Paragon Ventures


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News

HCSC buys Cigna’s MA business 

February 5, 2024HME News Staff

CHICAGO – HCSC has signed a definitive agreement with the Cigna Group to buy its Medicare Advantage, Medicare Supplemental Benefits, Medicare Part D and CareAllies businesses for $3.3 billion.  HCSC, an independent licensee of the Blue Cross Blue Shield Association, bills itself as the largest customer-owned health insurer, serving more than 22 million people across the United States.  “The acquisition will bring many opportunities to HCSC and its members — including...

Blue Cross Blue Shield, Cigna, HCSC, Medicare Advantage, Mergers & Acquisitions (M&A)


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Also Noted

Belluscura announces increased offer 

January 22, 2024HME News Staff

LONDON and PLANO, Texas – The boards of Belluscura and TMT Acquisition have announced the terms of a recommended share offer to be made by Belluscura for the whole of the issued and to be issued share capital of TMT Acquisition. Having regard to the Belluscura share price in recent weeks, the companies have agreed on an increase in the number of new Belluscura shares to be offered in exchange for TMT acquisition shares. The value of a TMT acquisition share under the offer, based on the closing...

Belluscura, Mergers & Acquisitions (M&A), Oxygen Concentrator


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Also Noted

Paragon Ventures published ebook 

December 18, 2023HME News Staff

WAYNE, Pa. – Paragon Ventures has published the first in a series of articles to guide companies through the sale, merger and acquisition process. The first article, “Preparing for M&A,” reviews establishing transaction goals, assembling an M&A team and developing a sale strategy. “In the dynamic landscape of business, mergers and acquisitions have become integral for some companies seeking growth, market expansion, or strategic realignment,” Paragon states. “For...

Mergers & Acquisitions (M&A), Paragon Ventures


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Dexter Braff

Providers

Dexter Braff on drop-offs, retreats and turnarounds

December 15, 2023Theresa Flaherty, Managing Editor

YARMOUTH, Maine – When it comes to mergers and acquisitions, the HME industry has seen its share of ups and downs, says Dexter Braff, founder and president of The Braff Group, which recently celebrated 25 years.  These days, the biggest difference he sees is the amount of due diligence required to close a deal.  “In the past, once you signed a letter of intent, the percentage of deals that would not close would be in the 10% to 20% range,” said Braff. “Today,...

Dexter Braff, home medical equipment, Mergers & Acquisitions (M&A), The Braff Group


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Adam Nielsen

Specialty Providers

PHS sees Florida as ‘positive move’ 

December 1, 2023HME News Staff

ROSEVILLE, Minn. – Pediatric Home Service has entered the Florida market with its acquisition of Jacksonville-based All About Pediatrics, one of two recent acquisitions the company has made as it continues to build out its platform, says CEO Adam Nielsen.  PHS already had a longstanding relationship with All About Pediatrics, which provides respiratory therapy and enteral nutrition though three locations in Jacksonville, Orlando and Palm City.  “We’re always looking...

Adam Nielsen, Mergers & Acquisitions (M&A), Pediatric Home Service, Pediatrics


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Brad Smith

Providers

PHS buys Apple Homecare 

November 6, 2023HME News Staff

FORT WORTH, Texas – Pediatric Home Service based in Roseville, Minn., has acquired Apple Homecare Medical Supply based in Richardson, Texas, Vertess has announced.  The acquisition of Apple Homecare Medical Supply, a full-service HME provider specializing in pediatrics and supplies since 1999, provides PHS with further reach into Texas.  “The synergy between Apple and PHS was clear from the beginning of discussions,” said Brad Smith, managing director and partner...

Apple Homecare Medical, Mergers & Acquisitions (M&A), Pediatric Home Service


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Jeff Castillo

Vendors

Medela spins off wound care biz in merger with medaxis 

November 6, 2023HME News Staff

BAAR, Switzerland – Medela will transition its wound care business into a separate global business.  The new standalone wound care company will continue to provide wound care solutions powered by Medela’s medical vacuum technology, including its negative pressure wound therapy line of products and services. It will also incorporate the latest technology from medaxis, a Swiss med-tech company that is part of Olle Larsson Holding.  “I am honored and excited to lead...

medaxis, Medela, Mergers & Acquisitions (M&A), Wound Care


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Vendors

Sunrise Medical buys Ride Designs 

October 3, 2023HME News Staff

FRESNO, Calif. – Sunrise Medical has acquired Ride Designs, significantly expanding the company’s custom seating offerings, clinical expertise and service capabilities.   Denver-based Ride Designs, which was founded in 1998 by Tom Hetzel and Joe Bieganek, has built a name for itself for designing and delivering highly specialized seating systems for wheelchairs using the most up-to-date technologies, including 3D printing.  “By joining forces with Ride Designs,...

Custom Seating, Mergers & Acquisitions (M&A), Ride Designs, Sunrise Medical


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Pat Clifford

Providers

M&A and HME: Down but not out 

September 29, 2023Theresa Flaherty, Managing Editor

YARMOUTH, Maine – It’s been a challenging year for M&A in the home medical equipment sector, as broader economic conditions have put many buyers on standby, say analysts.   For buyers – both strategic and investors – higher employee wages and increased delivery costs have made them take a closer look at bottom lines and have decreased their appetite for acquisitions, says Pat Clifford.  “After years of acquisitions, the buyers are kind of taking...

Brad Smith, Jonathan Sadock, Mergers & Acquisitions (M&A), Pat Clifford


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