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AdaptHealth increases credit line 

AdaptHealth increases credit line 

PLYMOUTH MEETING, Pa. – AdaptHealth has expanded its credit by $300 million to boost acquisitions and for general corporate purposes. 

The company amended its senior secured credit facilities to increase its term loan by $100 million and to expand the maximum borrowing capacity under its revolving credit facility from $250 million to $450 million.  

“We appreciate the support of the company’s lenders as we continue to execute on the company’s growth strategy,” said Steve Griggs, co-CEO. “Building on the combination of AdaptHealth and AeroCare in February 2021, we are seeing sustained opportunities to continue our growth through strategic and accretive acquisitions in all of our core businesses.” 

Since 2012, AdaptHealth has acquired 245 companies (85 by AdaptHealth, 160 by AeroCare). The company now serves nearly 3 million patients annually in all 50 states through its network of more than 500 locations in 46 states. 

Regions Capital Markets, a division of Regions Bank, acted as lead arranger and sole administrative agent in connection with the incremental senior secured credit facility, and Citizens Bank, N.A. and Truist Securities, Inc. acted as joint lead arrangers on the credit agreement expansion. 

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