Tag: M&A

OMAHA, Neb. – Kubat HealthCare has acquired Louisville, Ky.-based Blake’s Pharmacy, according to the Fremont Tribune.  Blake’s Pharmacy will continue to offer a full-service pharmacy out of the same location in Louisville, according to the newspaper, but being part of Kubat HealthCare will give the company’s customers access to respiratory care, specialized compounding, infusion and HME through Kubat’s locations in Nebraska.  “Our partnership with...

IRVING, Texas – McKesson has entered into an agreement to sell its European businesses in France, Italy, Ireland, Portugal, Belgium and Slovenia to the PHOENIX group. McKesson’s remaining European businesses in the U.K., Norway, Austria and Denmark are not part of the transaction, but the company says it is “exploring strategic alternatives” for those businesses, as it shifts the focus of future investments outside of Europe. “This transaction marks an important...

TORONTO – Motion, formerly Motion Specialties, has expanded its business into Manitoba with the acquisition of Canadian Health Care Products based in Winnipeg. “Motion’s acquisition of Canadian Health Care Products further accelerates our rapid growth in 2021,” said Thecla Sweeney, executive chair and CEO of Motion. “We are excited to return to the province of Manitoba with a corporate location. In partnership with CHCP and its founder, Joe Perry, Motion will continue...

STOCKHOLM – Essity has completed its acquisition of ABIGO Medical, which develops, manufactures and markets wound care products, including Sorbact technology. Essity acquired 75% of the Gothenburg, Sweden-based company in February 2020 and has now acquired the remaining 25% of shares. Per the terms of the transaction, ABIGO Medical’s pharma business has been divested and sold to the company’s founder, Jan Smith. Essity reported organic net sales in wound care increased 2.1% in the...

BRENTWOOD, Tenn. – Numotion has acquired SpinLife.com, a Columbus, Ohio-based online retailer of durable medical equipment, including scooters, lifts, and power and manual wheelchairs.  Together, the two companies will “drive speed to market with new products, creative ideas and innovation” that better meet customer needs, says Lisa Stein, founder and CEO of SpinLife.  “With our combined scale and resources, we will do things that have never been done before...

LOUISVILLE, Ky. – Humana has signed a definitive agreement to acquire onehome, a provider of a variety of home-based services, from WayPoint Capital Partners.  onehome has been operating a value-based model in Florida and Texas, and has served Humana members since 2015.  “At Humana, we are implementing a strategy to build a new value-based home health model that will improve patient outcomes, increase satisfaction for patients and providers, and provide greater value for...

NORTHFIELD, Ill. – Medline Industries has entered into an agreement to receive a majority investment from a group of private equity firms, including Blackstone, Carlyle Group and Hellman & Friedman, worth a reported $30-plus billion.  Medline, which generated revenues of $17.5 billion in 2020, will use the new resources from the partnership to expand its product offerings, accelerate international expansion and continue to make new infrastructure investments to strengthen its global...

CLEVELAND – In a rapidly consolidating HME industry, the family-owned Medical Service Company says its commitment to people makes it an attractive partner for owners looking to sell their businesses, says Josh Marx. The 71-year-old company announced in May that it bought Wisconsin-based Metz Medical. “You obviously have public companies, private-equity backed firms and completely private companies (buying),” said Marx, vice president of business development, managing director...

NORTHFIELD, Ill. – Medline plans to acquire a significant portion of the Hudson RCI brand of respiratory products from Teleflex, in a bid to strengthen its offerings in light of the COVID-19 pandemic.  Hudson RCI’s oxygen and aerosol therapy, active humidification and pulmonary hygiene products will complement Medline’s respiratory portfolio; will add two manufacturing facilities in Arlington Heights, Ill., and Nuevo Laredo, Mexico; and will add 1,000 employees.  “Hudson...

WESTLAKE, Ohio – OxyGo, a manufacturer of lightweight portable oxygen concentrators, has acquired LIFE Corporation, a manufacturer of portable emergency oxygen and CPR administration equipment.  The acquisition will allow OxyGo to further expand its expertise in the oxygen market, says V.E. Marquard-Schultz, Esq., CEO.  “Acquiring LIFE Corp. is an exciting and logical next step in offering proactive gas solutions to the medical and industrial markets,...