Dealbook: Motion, Quipt finalize transactions

Motion (formerly Motion Specialties), a provider of comprehensive and customized mobility and home accessibility solutions in Canada, has completed its previously announced agreement to join forces with Numotion. “We are pleased to complete this transaction with Numotion, which helps create new growth opportunities in Canada and support continued innovation for persons with disabilities,” said Sue Gilpin, CEO of Motion. “We remain focused on our promise to Canadians to provide high-standards of quality-of-care as part of our vision to make life accessible for everyone and we look forward to cascading our expertise to new clients and markets as we enter this new chapter.” Motion will continue to operate as a standalone, Canadian-based entity headquartered in Ontario. It will also maintain the Motion brand and leadership at its current locations in Ontario, British Columbia, Alberta, Manitoba and Saskatchewan. “We are excited for this next phase of growth for our company,” said Mike Swinford, CEO of Numotion. “Given our longstanding history with Motion, this partnership is the natural extension of our 10-year relationship, and we welcome the opportunity to expand the impact of our best-in-class standards on a larger scale.” 

Quipt Home Medical has closed on its previously announced joint venture transaction with three major health systems and two hospitals to acquire Hart Medical Equipment. Quipt has acquired a 60% ownership interest in Hart, with the remaining 40% interest collectively held by Henry Ford Health, McLaren Health Care, Blanchard Valley Health System, Wood County Hospital and The Bellevue Hospital. Hart serves more than 67,000 patients monthly. “We are excited to officially close this milestone transaction with three major health systems and welcome Hart to the Quipt family,” said Greg Crawford, CEO and chairman of Quipt. “Hart’s strong health system relationships and regional market leadership represent a powerful strategic fit. This acquisition demonstrates the scalability of our acquisition platform, while providing us with a major entry into Michigan and expanded reach across the Midwest. Looking ahead, we see a deep pipeline of additional opportunities that can be integrated onto our platform to further accelerate growth.”