Tag: Duckridge Advisors
M&A forecast: Respiratory dominates, but providers look to ‘do more’
January 15, 2021Theresa Flaherty
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,...
M&A predictions: Active start, followed by uncertainty
January 10, 2020Theresa Flaherty
YARMOUTH, Maine - Building on a handful of notable deals in late 2019, M&A analysts say they expect a strong 2020—at least to start.
Among the most active in 2019 was AdaptHealth, which in the fourth quarter bought several sizable companies, including McKesson's Patient Care Solutions business, and became a public company.
“There is money flowing and deals—good deals—are getting done,” said Don Davis, president of Duckridge Advisors. “I think the...
M&A market buzzes in lead up to gap period
January 25, 2019Theresa Flaherty
YARMOUTH, Maine - A flurry of M&A deals closed in the fourth quarter of 2018, making it one of the busiest quarters in the past several years, say analysts.
A big reason for that: CMS's decision to pause competitive bidding for two years, while it makes substantive changes to the program.
“Volume is up, inquiries are up,” said Don Davis, president of Duckridge Advisors. “There's a lull from Medicare (in competitive bidding) and people are thinking more about their...
M&A: What will be impact of bid changes?
September 7, 2018Theresa Flaherty
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...
M&A: Buyer appetite for HME improves
April 21, 2017Theresa Flaherty
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...
M&A market holds steady in 2016
January 6, 2017Theresa Flaherty
YARMOUTH, Maine - The pace of acquisitions slowed down a bit in 2016, but overall it was a decent year for buyers, say analysts.“The big deals have stalled out a bit, but you have a lot of people that are shopping and acquiring the small patient add-on deals,” said Brad Smith, managing partner at Vertess, a Tucson, Ariz.-based M&A advisory firm. “If you have $10 million to spend, you could get one really nice company or you could buy a whole ton of patient lists, which have more...
Rotech gains 'critical mass' in Oklahoma
October 23, 2015HME News Staff
ORLANDO, Fla. - Rotech Healthcare has acquired the respiratory equipment assets of Tulsa, Okla.-based Home Health Warehouse. Rotech already operates in the area as American Medical Rental & Sales which it will move into Home Health Warehouse location. “This asset purchase not only expands our services in Tulsa, but also provides more critical mass and a larger footprint for quality patient care,” said Rotech CEO Tim Pigg. Rotech currently operates in eight markets in Oklahoma. Rotech...
Littleton Home Care Supply acquired by local family
October 16, 2014HME News Staff
WILMINGTON, Ohio - Littleton Home Care Supply, Inc. has been acquired by local entrepreneurs, Robert and Cynthia Bevan. The full service retail store has been serving the HME needs of the Wilmington, Ohio area since 1979. “Our goal is to take the business to the next level by continuing to provide high-quality service while offering new products and skills for the community,” said the new operations manager, James Long. Duckridge Advisors served as the advisor for the Littleton family...
Audit uncertainty drags on deals
April 11, 2014Theresa Flaherty
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...
'It's quantum shift time,' analysts say
June 14, 2013Theresa Flaherty
YARMOUTH, Maine - A pair of recent M&A transactions on opposite coasts illustrates what analysts have long predicted: Competitive bidding will drive market consolidation, they say.
With prices on the downswing, companies need to build scale, say analysts.
“It's quantum shift time,” said Rick Glass, president of Steven Richards & Associates.
In May, Mount Vernon, N.Y.-based Landauer Metropolitan merged with Plainview, N.Y.-based Allcare Medical to create one of the largest...