Tag: Luke McGee

PLYMOUTH MEETING, Pa. - AdaptHealth reported net revenue of $191.4 million for the first quarter of 2020, a 60% increase over the same quarter one year ago.Patient Care Solutions, which the company closed on in January, generated net revenue of $33.9 million.The company reported that net loss for the quarter was $0.2 million compare to $5.8 million in the first quarter of 2019. Adjusted EBITDA was $17.5 million."Despite significant and sudden challenges brought on by the COVID-19 pandemic, our strong...

PLYMOUTH MEETING, Pa. - In the nearly 10 years that the HME industry has grappled with competitive bidding, AdaptHealth, formerly QMES, has found a way to grow, leading up to last week's news that it's combining with DFB Healthcare Acquisitions Corp. and becoming a public company.The combined company, which will go by AdaptHealth Holding Corp. and which will be listed on the NASDAQ under a new ticker symbol, will have a value of $1 billion and a market capitalization of about $800 million.“Adapt...

NEW YORK - HME platform company QMES has obtained a second round of financing from CIT Group.QMES, a DME provider in the Northeast, will use the $65 million secured senior credit facility to refinance legacy debt and support growth, according to a press release.“QMES's active M&A growth strategy has led to the successful completion and integration of more than 15 acquisitions and they currently serve over 100,000 patients annually,” said William Douglass, managing director and group head...