AdaptHealth merger finalized, stock goes live

Tuesday, November 12, 2019

NEW YORK and PLYMOUTH MEETING, Pa. – DFB Healthcare Acquisitions Corp. has closed on its merger with AdaptHealth Holdings. The combined company, which has been renamed AdaptHealth Corp., expected its Class A common stock and public warrants to list on the Nasdaq Capital Market under the new trading symbols AHCO and AHCOW, respectively, on Nov. 11. “(CEO Luke McGee) and his team have built one of the industry’s leading HME providers through a combination of accretive capital deployment; high-touch customer engagement; and a scalable, purpose-built, technology enabled operating model,” said Richard Barasch, chairman of the board of AdaptHealth. “We believe AdaptHealth will continue to occupy an increasingly distinct position in the home-based healthcare value chain as the most efficient provider in the space.” AdaptHealth has grown to become the third largest provider of HME in the country, completing more than 7,000 deliveries per day to more than 1 million patients across 49 states, according to the company.