Tag: Lehan's Medical Equipment
Viemed officially adds Lehan’s to family
July 7, 2025HME News Staff
LAFAYETTE, La. – Viemed has completed the previously disclosed acquisition of Illinois-based Lehan's Medical Equipment for a base purchase price of $26 million, subject to customary adjustments, plus estimated contingent payments of $2.2 million. "We are pleased to close the acquisition of Lehan and bring this talented and highly motivated team into the Viemed family," said Casey Hoyt, CEO. "Lehan's 80-year track record and brand recognition in a large and fast-growing...
Viemed readies to crack tough Chicago market
May 16, 2025Theresa Flaherty, Managing Editor
LAFAYETTE, La. – Viemed’s plan to buy Lehan’s Medical Equipment for $26 million provides a “strong beachhead” to grow in the Chicago area, says CEO Casey Hoyt.
Viemed announced May 6 that it had entered into an agreement to acquire the Dekalb, Ill.-based provider, which has six locations in the northern Illinois and west Chicagoland areas, including one in Wisconsin.
“Historically, we've had a tough time breaking into the Chicago market,”...
Viemed sees ‘strong, across-the-board start’
May 8, 2025HME News Staff
LAFAYETTE, La. – Viemed reported net revenue of $59.1 million for the first quarter 2025, an increase of 17% compared to the same quarter in 2024.
Adjusted EBITDA for the quarter totalled $12.8 million, a 26% increase.
The company’s ventilator patient count grew to 11,809 as of March 31, 2025, an increase of 13% over March 31, 2024. PAP therapy patient count grew to 22,899 as of March 31, 2025, an increase of 46% over March 31, 2024.
“We are pleased to...