Viemed officially adds Lehan’s to family
By HME News Staff
Updated 9:27 AM CDT, Mon July 7, 2025
LAFAYETTE, La. – Viemed has completed the previously disclosed acquisition of Illinois-based Lehan's Medical Equipment for a base purchase price of $26 million, subject to customary adjustments, plus estimated contingent payments of $2.2 million. "We are pleased to close the acquisition of Lehan and bring this talented and highly motivated team into the Viemed family," said Casey Hoyt, CEO. "Lehan's 80-year track record and brand recognition in a large and fast-growing market along with its preferred contracts and fulfillment expertise make for a powerful combination with our national scale, unique care delivery model and existing payer relationships to serve a broader patient population." In 2024, Lehan generated net revenues of approximately $25.7 million and adjusted EBITDA of approximately $7.4 million. Viemed funded the acquisition through a combination of cash on hand and borrowings from its existing credit facilities. Viemed anticipates increasing its previously issued full-year 2025 guidance range to account for the expected contribution from this acquisition when it reports earnings results for the quarter ended June 30, 2025.
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