Tag: Lehan Drugs
Viemed to buy Lehan's for $26M
May 6, 2025HME News Staff
LAFAYETTE, La. – Viemed Healthcare has entered into a definitive agreement to acquire Illinois-based Lehan’s Medical Equipment, a home medical equipment provider with specialties in respiratory care and women’s health.
The transaction is expected to close in the third quarter of 2025 for a base purchase price of $26 million, subject to customary net working capital adjustments and an estimated $2.2 million of contingent payments. Viemed expects to fund the acquisition through...
‘Unsustainable’ PBM model drives Lehan Drugs to drop pharmacy services
October 9, 2024Theresa Flaherty, Managing Editor
DEKALB, Ill. – Over the course of nearly eight decades, Lehan Drugs has adapted many times in response to change and competition, but the growing stranglehold of pharmacy benefit managers (PBMs) had fifth-generation owner Jim Lehan saying enough is enough.
Lehan Drugs in September stopped providing pharmacy services at its DeKalb, Ill., location, but it will continue to provide home equipment there and at multiple locations in the state.
“We’ve had reimbursement...
Lehan Drugs closes pharmacy
September 10, 2024HME News Staff
DEKALB, Ill. – Lehan Drugs will stop providing pharmacy services at its DeKalb, Ill., location on Sept. 11, but it will continue to provide home medical equipment there, according to the Shaw Local News Network. The company, which launched in 1946, has multiple locations throughout the state but its only pharmacy was in Dekalb. It will also continue to provide HME at locations in Rockford, Freeport, Dixon and Aurora. “We’re proud of our long history serving the DeKalb community...
ACA mandate pumps up biz
January 24, 2014Theresa Flaherty, Managing Editor
At Lehan Drugs, the breast pump business is going “crazy.”“Every month I double what I did last year,” said DJ Larson, vice president of sales and marketing for the DeKalb, Ill.-based provider, which has hired a lactation consultant and markets itself as a one-stop shop for women's health.The Affordable Care Act requires insurers to pay for breast pumps. The benefit kicked in for most women on Jan. 1, 2013.While that has opened up opportunities for providers—especially...