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Tag: Luke McGee


Luke McGee

Providers

AdaptHealth’s McGee placed on leave

April 14, 2021HME News Staff

PLYMOUTH MEETING, Pa. – Luke McGee has been placed on unpaid leave from his roles as co-CEO and director of AdaptHealth after authorities in Denmark formally charged him with alleged tax fraud.  The alleged fraud stems from personal activity that occurred between March 2014 and August 2015, and has no connection to AdaptHealth’s business, according to a statement from the company’s board of directors.  “The board of directors...

AdaptHealth, Home Medical Equipment, Luke McGee


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Luke McGee

Providers

AdaptHealth sits ‘above high water’ in 2021

March 5, 2021Theresa Flaherty, Managing Editor

PLYMOUTH MEETING, Pa. – AdaptHealth posted a record-breaking year in 2020 and its acquisition of AeroCare in February sets up the company for accelerated growth in 2021, execs said on a recent earnings call. AdaptHealth reported net revenue of $348.4 million for the fourth quarter of 2020, a 133% increase compared to the same period in 2019, and $1.06 billion for the full year, a 99% increase compared to 2019. “Our patient’s home health needs have only grown throughout...

AdaptHealth, AeroCare, Luke McGee, Steve Griggs


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Providers

Earnings round-up: AdaptHealth, Viemed report increases in 1Q 2020

May 5, 2020HME News Staff

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...

AdaptHealth, Casey Hoyt, home respiratory equipment, Luke McGee, Viemed Healthcare


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Providers

AdaptHealth announces high-profile merger

July 12, 2019Theresa Flaherty, Managing Editor

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...

AdaptHealth, Home Medical Equipment, Luke McGee, QMES


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Providers

QMES secures more financing

June 2, 2017HME News Staff

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...

CIT Group, Home Medical Equipment, Luke McGee, QMES, William Douglass


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