Tag: AdaptHealth

PLYMOUTH MEETING, Pa. – AdaptHealth has appointed Greg Belinfanti to the company’s board of directors. Belinfanti is a senior managing director of One Equity Partners and will serve as the private equity firm’s designee on the board. “We appreciate OEP’s continued support and welcome Greg to the board of directors,” said Richard Barasch, chairman of the board. Belinfanti currently serves on the boards of Restorix Health and Ernest Health, and formerly served on...

INDIANAPOLIS – A group of investors that includes AAHomecare, VGM & Associates, AdaptHealth, Apria Healthcare, Lincare and Rotech Healthcare have aligned to form DMEscripts, an independent e-prescribe company.  DMEscripts will use proprietary e-prescribe software to operate an open network for any DME supplier to join at no cost to prescribers and patients, the group says.  “I am thrilled at the collective energy of fellow industry leaders in embracing this digital transformation,...

CAMBRIDGE, Mass. – Philips does not recommend using bacteria filters with CPAP/BiLevel devices as a means of mitigating chemical emission or particulate matter, it says in a new document related to a recent recall.  “Due to an influx of questions, additional information is being provided about the use of bacteria filters with CPAP/BiLevel devices,” the company states. “According to FDA regulation 868.5260, bacteria filters are medical devices that are intended to remove...

PLYMOUTH MEETING, Pa. – AdaptHealth will offer $550 million aggregate principal amount of senior notes due 2030. The notes will be guaranteed by certain of the issuer’s current and future subsidiaries, as well as the issuer’s direct parent, AdaptHealth Intermediate Holdco LLC, on a senior unsecured basis. The company will use the net proceeds from the offering to repay the outstanding principal amount under the 12% promissory notes held by affiliates of Assured Investment Management...

Sunrise Medical has rejoined AAHomecare as a Bronze Corporate Sponsor. “We can’t be more excited about our partnership with AAHomecare,” said Larry Jackson, president of Sunrise Medical North America. “Our company has always been committed to improving the lives of our consumers, providing them the solutions and technologies to live without limits. AAHomecare is an obvious and outstanding partner to support our efforts in advocating for our consumers and sharing with everyone...

PLYMOUTH MEETING, Mass. – Adapt Health reported net revenue of $617 million for the second quarter of 2021, an increase of 166% over the second quarter in 2020.  Adjusted EBITDA was $147.4 million, a 246% increase; and adjusted EBITDA less patient equipment capex was $98.9 million, a 223% increase.  Organic growth for the quarter was 10.1%.  “Our business continues to grow organically as well as through strategic acquisitions in key markets, which complement our...

PLYMOUTH MEETING, Pa. – Luke McGee has resigned from his positions as co-CEO and director of the board of AdaptHealth, and Stephen Griggs has been named CEO effective immediately.  Griggs, who is also a member of the board, joined AdaptHealth in February as co-CEO following the company’s acquisition of AeroCare Holdings, which he founded and led as president and CEO.  “Steve’s extensive management experience, along with health sector expertise and a proven...

PLYMOUTH MEETING, Pa. – Luke McGee has resigned from his positions as co-CEO and director of the board of AdaptHealth, and Stephen Griggs has been named CEO effective immediately.  Griggs, who is also a member of the board, joined AdaptHealth in February as co-CEO following the company’s acquisition of AeroCare Holdings, which he founded and led as president and CEO.  “Steve’s extensive management experience, along with health sector expertise and a proven...

SANDWICH, Mass. – Just a year after forming through the merger of America's HealthCare at Home, Cape Medical Supply and Health Complex Medical, Spiro Health was acquired by AdaptHealth – and no one was more surprised than CEO Gary Sheehan.  “That was never part of the plan, but life happens,” he said. “We watched the merger of Adapt and AeroCare and have a ton of respect for both senior management teams. So, we took the call to discuss what it might look...

AMBLER, Pa. – Simplex Health, a provider of medical nutrition therapies, and Axia Women’s Health, an independent women’s health group, have expanded their partnership to support gestational diabetes patients across Pennsylvania, New Jersey, Indiana, Ohio and Kentucky. As Axia’s trusted partner, Simplex will support gestational diabetes patients by offering nutrition counseling to lower glucose and insulin levels, manage carbohydrate and sugar intake, and more. Simplex will...