Tag: Mergers & Acquisitions (M&A)
Viemed broadens strategy
May 10, 2024Theresa Flaherty, Managing Editor
LAFAYATTE, La. – Viemed Healthcare’s integration of HMP is “hitting its stride,” helping the company build out a more diversified product offering, says CEO Casey Hoyt.
Viemed closed on its acquisition of Tennessee-based Home Medical Products, Inc., a large regional provider of respiratory focused home medical solutions in June 2023. That deal, and a recent joint venture with East Alabama Health that gave Viemed a controlling interest in East Alabama HomeMed, provides...
PromptCare expands nat’l footprint
May 7, 2024HME News Staff
NEW PROVIDENCE, N.J. - PromptCare, a provider of at-home and alternate-site infusion therapy, has announced that Coastal Infusion Services, which has a presence throughout the southern U.S., is now part of its family of companies.
Coastal Infusion Services also cares for patients at six state-of-the-art ambulatory infusion suites (AISs) strategically located throughout southern Louisiana.
“This is a unique opportunity to combine two organizations with deeply experienced...
In brief: Viemed deal, oxygen reform, sleep study
April 3, 2024HME News Staff
LAFAYETTE, La. – Viemed Healthcare has finalized its strategic partnership with East Alabama Health, providing the company with a controlling interest in East Alabama HomeMed.
East Alabama HomeMed provides HME services to patients within the EAH network, which encompasses East Alabama Medical Center in Opelika, Ala., and EAMC-Lanier Hospital in Valley, Ala., with a combined medical staff of 380 physicians, as well as those in the surrounding areas of Eastern Alabama.
"We...
Viemed gets controlling interest in Alabama HME
April 2, 2024HME News Staff
LAFAYETTE, La. – Viemed Healthcare has finalized its strategic partnership with East Alabama Health, providing the company with a controlling interest in East Alabama HomeMed.
East Alabama HomeMed provides HME services to patients within the EAH network, which encompasses East Alabama Medical Center in Opelika, Ala., and EAMC-Lanier Hospital in Valley, Ala., with a combined medical staff of 380 physicians, as well as those in the surrounding areas of Eastern Alabama.
"We...
Paragon Ventures marks 30 years
February 14, 2024HME News Staff
NEWTOWN, Pa. – Paragon Ventures is celebrating 30 years of strategic M&A for health care businesses.
The company has successfully completed more than 350 strategic mergers and acquisitions transactions in 45 states and across the continuum of health care, including infusion therapy, behavioral health, medical device, pharmacy, home medical equipment and advanced medical technologies.
“Our 30th anniversary is a testament to the trust placed in us by our clients...
HCSC buys Cigna’s MA business
February 5, 2024HME News Staff
CHICAGO – HCSC has signed a definitive agreement with the Cigna Group to buy its Medicare Advantage, Medicare Supplemental Benefits, Medicare Part D and CareAllies businesses for $3.3 billion.
HCSC, an independent licensee of the Blue Cross Blue Shield Association, bills itself as the largest customer-owned health insurer, serving more than 22 million people across the United States.
“The acquisition will bring many opportunities to HCSC and its members — including...
Belluscura announces increased offer
January 22, 2024HME News Staff
LONDON and PLANO, Texas – The boards of Belluscura and TMT Acquisition have announced the terms of a recommended share offer to be made by Belluscura for the whole of the issued and to be issued share capital of TMT Acquisition. Having regard to the Belluscura share price in recent weeks, the companies have agreed on an increase in the number of new Belluscura shares to be offered in exchange for TMT acquisition shares. The value of a TMT acquisition share under the offer, based on the closing...
Paragon Ventures published ebook
December 18, 2023HME News Staff
WAYNE, Pa. – Paragon Ventures has published the first in a series of articles to guide companies through the sale, merger and acquisition process. The first article, “Preparing for M&A,” reviews establishing transaction goals, assembling an M&A team and developing a sale strategy. “In the dynamic landscape of business, mergers and acquisitions have become integral for some companies seeking growth, market expansion, or strategic realignment,” Paragon states. “For...
Dexter Braff on drop-offs, retreats and turnarounds
December 15, 2023Theresa Flaherty, Managing Editor
YARMOUTH, Maine – When it comes to mergers and acquisitions, the HME industry has seen its share of ups and downs, says Dexter Braff, founder and president of The Braff Group, which recently celebrated 25 years.
These days, the biggest difference he sees is the amount of due diligence required to close a deal.
“In the past, once you signed a letter of intent, the percentage of deals that would not close would be in the 10% to 20% range,” said Braff. “Today,...
PHS sees Florida as ‘positive move’
December 1, 2023HME News Staff
ROSEVILLE, Minn. – Pediatric Home Service has entered the Florida market with its acquisition of Jacksonville-based All About Pediatrics, one of two recent acquisitions the company has made as it continues to build out its platform, says CEO Adam Nielsen.
PHS already had a longstanding relationship with All About Pediatrics, which provides respiratory therapy and enteral nutrition though three locations in Jacksonville, Orlando and Palm City.
“We’re always looking...