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Tag: Don Davis


M&A forecast: Respiratory dominates, but providers look to ‘do more’ 

Providers

M&A forecast: Respiratory dominates, but providers look to ‘do more’ 

January 15, 2021Theresa Flaherty, Managing Editor

YARMOUTH, Maine – The theme for buyers and sellers in 2021 is “respiratory, respiratory, respiratory,” said Don Davis, president of Duckridge Advisors.  Helping to drive that trend: AdaptHealth, which capped off a busy 2020 by announcing in December that it would acquire AeroCare, which specializes in CPAP, nebulizers, oxygen and ventilators, for nearly $2 billion in cash and shares.  “It’s perfect iteming – the demographics are there,...

Brad Smith, Braff Group, Don Davis, Duckridge Advisors, Home Medical Equipment, Pat Clifford, Vertess


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Providers

M&A: What will be impact of bid changes?

September 7, 2018Theresa Flaherty, Managing Editor

YARMOUTH, Maine - It's still early, but CMS's proposed changes to the competitive bidding program could renew M&A activity, analysts say.In the short term, the agency wants to implement an any willing provider provision when the current bid contracts expire, allowing any Medicare-enrolled provider to serve beneficiaries while it overhauls the program.“Now that you don't have these handcuffs on, you can go out and grow organically or through acquisitions,” said Brad Smith, managing director...

Braff Group, competitive bidding, Don Davis, Duckridge Advisors, Vertess


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Providers

M&A: Buyer appetite for HME improves

April 21, 2017Theresa Flaherty, Managing Editor

YARMOUTH, Maine - After a slow first quarter, buyer appetites for HME businesses are picking up, say M&A analysts.“There's still more sellers than buyers, but transactions are getting done,” said Rick Glass, president of Steven Richards & Associates. “I think we are bottoming out on the reimbursement, and we're slowly starting to get some appetite even in the traditional HME and respiratory space.”While reimbursement remains dire, the business-friendly new administration,...

Brad Smith, Don Davis, Duckridge Advisors, M&A, Pat Clifford, Rick Glass, Steven Richards & Associates, The Braff Group, Vertess


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Providers

BritKare makes first buy

June 19, 2015Tracy Orzel

AMARILLO, Texas - BritKare Home Medical took its first dip in the M&A pool in early May when it acquired Lubbock, Texas-based Pillar Equipment Services.“This is our first (acquisition),” said Josh Britten, president of BritKare. “We're retaining the location, the employees—the only thing that's really changing is the name.”Founded in 1995, the family-owned DME provider has locations in Amarillo and Pampa, Texas, and offers orthotics and pediatric supplies, as well as...

BritKare, Don Davis, Pillar Equipment Services


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Specialty Providers

M&A: Are supplies a sleeper category?

December 23, 2014Theresa Flaherty, Managing Editor

When Liberty Medical drew 33 bidders to a sale of its assets in November, no one was more surprised than industry analysts.“I didn't realize there were that many folks capable of coming up with bids for that business,” said Don Davis, president of Duckridge Advisors.But does the interest in Liberty signal that the mail-order supplies category is going to be the next big thing for buyers in the HME space?That depends who you ask.“Absolutely. The urological space is among the most...

Don Davis, Rick Glass


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Providers

Rotech ready to expand

December 19, 2014Theresa Flaherty, Managing Editor

ORLANDO, Fla. - Rotech Healthcare last week announced its first acquisition in several years and the company has indicated that's only the beginning.“Rotech is looking to leverage its platform to expand its presence in existing and new markets,” said CEO Tim Pigg in a release. “Unlike many of our smaller distressed competitors, we have the staying power to ride the current market difficulties and capital available to invest in our core products.”Rotech acquired “certain...

AeroCare, Don Davis, Rick Glass, Rotech, Tim Pigg


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Providers

Merger casts 'positive' light on industry

October 17, 2014Theresa Flaherty, Managing Editor

ORLANDO - News of a merger between AeroCare and MergeWorthRx put a spring into the step of HME industry analysts.“This a positive sign for the industry,” said Rick Glass, president of Steven Richards & Associates.In the Oct. 15 announcement, AeroCare, which has been backed by private equity firm Ferrer Freeman & Company since its inception in 2002, and MergeWorthRx, a special purpose acquisition company with a healthcare focus, said they have agreed to an all-stock merger. MergeWorthRx...

AeroCare, Don Davis, MergeWorthRx, Rick Glass


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Providers

Audit uncertainty drags on deals

April 11, 2014Theresa Flaherty, Managing Editor

YARMOUTH, Maine - It was a slow first quarter for mergers and acquisitions, say industry analysts.“It's been disappointing so far,” said Rick Glass, president of Steven Richards & Associates. “I had anticipated a pickup in acquisitions with most of the uncertainty around Round 2 bid pricing going away.”But it appears competitive bidding has been replaced by another concern: audits.“Audits are a drag on the whole system,” said Glass. “It's hard to get buyers...

Don Davis, Duckridge Advisors, Patrick Clifford, Rick Glass, Steven Richards & Associates, The Braff Group


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Providers

It's still a buyer's market, analysts say

January 10, 2014Theresa Flaherty, Managing Editor

YARMOUTH, Maine - Competitive bidding drove acquisition activity in 2013 and analysts say it will power decisions in the year ahead.“It's all about the contracts and who wants what and when,” said Don Davis, president of Duckridge Advisors. “I really anticipate a year of consolidation with corporate entities buying family entities.”That means, while the big get bigger, the industry is rapidly shedding mom-and-pops, say analysts.Contract holders fare slightly better when it...

Bruce Burns, competitive bidding, contracts, Don Davis, Jonathan Sadock, Patrick Clifford, reimbursement, Rick Glass


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Executive Session

Just in from CMS: The number of active DMEPOS providers has increased

May 21, 2010Mike Moran

I'm on the road again. Last week it was Medtrade Spring in Las Vegas; this week it's the Pennsylvania Association of Medical Equipment Suppliers (PAMS) at Seven Springs Mountain Resort in Seven Springs, Pa., about 90 minutes outside Pittsburgh. It's been a great meeting (in a beautiful setting), but more on that in the next day or two. Right now I want to pass on some data we received this week from CMS. About a month ago, HME News used the Freedom of Information Act (FOIA) to request the "number...

aahomecare, aahomecare, aahomecare, CBIC, Don Davis, Executive Session, Shirvinsky


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