Tag: The Braff Group
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,...
In brief: AdaptHealth’s Q3, Medela’s spin-off, Braff Group’s milestone
November 8, 2023HME News Staff
PLYMOUTH MEETING, Pa. – AdaptHealth reported net revenue of $804 million for the third quarter of 2023, an increase of 6.3% over the same quarter one year ago.
Net loss was $454.1 million compared to net income of $16.1 million, largely resulting from a $511.9 million pre-tax write down of goodwill.
Adjusted EBITDA was $161.2 million, compared to $160.2 million, an increase of 0.6%.
“We are pleased with the results of the third quarter,” said Richard Barasch,...
The Braff Group hits milestone
November 7, 2023HME News Staff
PITTSBURGH – The Braff Group has celebrated its 25th anniversary, marking 375 transactions in health care. The firm was founded with a simple goal in mind, it says – to amass a body of sector-specific health mergers and acquisitions experience, resources and data to give clients an edge in realizing the best deal at the best time. "We are extremely grateful to all the companies that put their faith in us to represent them and get the most from what, for many, was a lifetime of hard work,...
Amedysis exec joins The Braff Group
August 2, 2023HME News Staff
PITTSBURGH – Kris Novak has joined The Braff Group as a managing director of home health, home care and hospice, where he will be responsible for the western United States, joining Mark Kulik, senior managing director of home health, home are and hospice, Eastern United States. Novak has 14 years of M&A experience in the home health industry, most recently at Amedisys, where he most recently served as senior vice president of mergers, acquisitions and integration. While at Amedisys, Novak led...
M&A analysts: ‘Focus on acquiring solid companies’
February 10, 2023Theresa Flaherty, Managing Editor
YARMOUTH, Maine – Industry analysts see steady deal-making in 2023, with a variety of companies making buys in both typically hot markets like respiratory and newly hot markets like repairs, but with more of a focus on due diligence.
“I think the interest is at both the national level, as well as the larger regionals, aggressively pursuing acquisitions,” said Pat Clifford, managing director, home medical equipment, for The Braff Group. “There is acquisition appetite...
Home infusion: Interest still high, inventory still low
March 4, 2022Theresa Flaherty, Managing Editor
YARMOUTH, Maine – A handful of recently announced deals underscores the continued appetite for home infusion companies propelled by the COVID-19 pandemic, say M&A analysts.
Option Care Health recently announced it acquired Wasatch Infusion and entered into an agreement to acquire Specialty Pharmacy Nursing Network.
“Option Care has been doing deals for 20 years and I don’t think that’s going to stop – they continue to fill out their geographic...
OM’s Byram and Apria ‘complete each other’
January 28, 2022Theresa Flaherty, Managing Editor
YARMOUTH, Maine – Owens & Minor’s anticipated acquisition of Apria Healthcare, announced earlier this month, follows the playbook of a deal generating synergies between buyer and “buyee,” but the companies have their work cut out for them, says Dexter Braff, president of the Braff Group.
“You’ve got two mammoth organization trying to find a way to work with one another to optimize these and leverage those opportunities,” he said. “It’s...
Aveanna acquires family care agency
April 28, 2021HME News Staff
ATLANTA - Aveanna Healthcare, a provider of home health, hospice, private duty, medical supplies and respiratory therapy services, has acquired Loma Linda University Medical Center Family Care Agency. Aveanna has more than 200 locations in 25 states, serving more 50,000 children and adults daily. Earlier in April, Aveanna launched an initial public offering of about 38.2 million shares at $16 to $18 per share. The Braff Group originated the transaction and served as the exclusive...
M&A forecast: Respiratory dominates, but providers look to ‘do more’
January 15, 2021Theresa Flaherty, Managing Editor
YARMOUTH, Maine – The theme for buyers and sellers in 2021 is “respiratory, respiratory, respiratory,” said Don Davis, president of Duckridge Advisors.
Helping to drive that trend: AdaptHealth, which capped off a busy 2020 by announcing in December that it would acquire AeroCare, which specializes in CPAP, nebulizers, oxygen and ventilators, for nearly $2 billion in cash and shares.
“It’s perfect iteming – the demographics are there,...
Pandemic speeds up consolidation
July 10, 2020Theresa Flaherty, Managing Editor
YARMOUTH, Maine - After briefly hitting the pause button in March when “the world turned upside down,” buyers and sellers are back at the table, say M&A analysts.
While the HME industry certainly took a few hits, unlike the restaurant and hospitality sectors, for example, it proved much more resilient in the face of a public health emergency, says Pat Clifford, managing director, home medical equipment, for The Braff Group.
“DME is part of the solution for COVID,” he...