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Quipt reaches tipping point with new acquisition 

Quipt reaches tipping point with new acquisition  ‘The substantial patient base and referral network we have built up in allow us to take a ‘land and expand' approach'

CINCINNATI – Quipt Home Medical has acquired a business with operations in Mississippi, Texas and Louisiana reporting unaudited annual revenues of about $ 9 million and adjusted EDITDA of $2 million post-integration. 

The company says the acquisition adds scale with 10 locations, 17,500 active patients, 1,900 unique referring physicians and important insurance contracts. 

“The completion of this transaction demonstrates our ongoing patience and discipline as it relates to our capital allocation approach,” said Chairman and CEO Greg Crawford. “Our team of operators will once again utilize our tried-and-true integration approach to efficiently integrate this business onto our existing platform, continuing to build scale across the organization. Moreover, we believe there is an opportunity to leverage our resupply program immediately, creating actionable revenue synergies for us. Additionally, the substantial patient base and excellent referral network we have built up in these three states allow us to take a ‘land and expand’ approach to future growth, which will support our organic growth goals.” 

With this acquisition, Quipt has 287,500 active patients, 34,400 referring physicians and 125 locations across 26 states. 


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