Quipt establishes ‘scalable playbook’ with $1.6M acquisition 

CINCINNATI – Quipt Home Medical has acquired a full-service durable medical equipment (DME) provider serving more than 12,500 patients annually from four branch locations across east Tennessee and southwest Virginia. The price tag: $1.6 million plus the value of accounts receivable and inventory at closing. 

The provider is wholly owned by Ballad Health, a 20-hospital health system that serves 29 counties of the Appalachian Highlands in northwest Tennessee, southwest Virginia, northwest North Carolina and southeast Kentucky. 

As part of the acquisition, Quipt has entered into a preferred provider agreement with Ballad Health aimed at facilitating seamless post-acute care coordination across the system’s hospitals, the company says. 

“Acquiring this Ballad Health-owned medical equipment provider and concurrently entering into a preferred provider agreement with Ballad Health exemplifies our commitment to creating lasting, system-wide health care partnerships that enhance the delivery of home-based care,” said Greg Crawford, CEO and chairman of Quipt. “I anticipate that this transaction will help establish a scalable playbook that we can deploy across the country, partnering with leading health systems to integrate care, reduce readmissions, and support patients in the home setting. As we layer in our proven operating model, we see this unlocking meaningful organic growth across the region and providing a national roadmap for future expansion. We are steadfast in executing our long-term growth strategy, re-igniting organic growth, and this health care-based DME acquisition and preferred provider agreement is a prime example of our resolute focus on increasing long-term shareholder value.” 

The provider, which has a comprehensive portfolio of respiratory, oxygen, mobility and home medical products and a diversified payer mix, had unaudited revenue of $6.6 million for the fiscal year ended June 30, 2025. 

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