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Tag: M&A

Also Noted

Green Prosthetics sells to Mobility Ideal Health Care 

January 26, 2023HME News Staff

DALLAS – Generational Equity has announced that its client Green Prosthetics and Orthotics has sold to Mobility Ideal Health Care. "This was a deal where all the stars aligned perfectly,” Faraaz Ali, senior M&A advisor for Generational Equity. “Our client was a niche custom fabricator of prosthetic and orthotic devices that checked all of the investment criteria boxes of a strategic acquisition party that was consolidating in this space. Outside of the mutually beneficial structure...

Green Prosthetics and Orthotics, M&A, Mobility Ideal Health Care, Orthotics, Private Equity, Prosthetics

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Kevin Palamara

Smart Talk

Mergers & Acquisitions: Have transparent, upfront conversations

December 6, 2022Kevin Palamara

Q. What steps should I be taking to most effectively position my company to go through an M&A process?  A. Foremost, ensuring organizational alignment before approaching the market is paramount in setting yourself up for a successful process. It’s critical to achieve stakeholder agreement in terms of transaction goals, deal structure (e.g., majority vs. minority investment, strategic vs. private equity partner), timeline and valuation expectations to minimize the likelihood of...

Kevin Palamara, M&A, Provident Healthcare Partners

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AmeriCare buys home care agency 

November 14, 2022HME News Staff

TROY, Mich. – AmeriCare has acquired QCN Home Health Care to expand its line of home health care businesses to include skilled nursing services for Medicare recipients.   The Troy, Mich.-based QCN has more than 20 years of experience delivering services throughout the southeastern part of the state.  “Having a Medicare-certified home care agency allows us the opportunity to care for even more people needing home care services,” stated Greg Jamian, AmeriCare Medical...

Americare, M&A

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Brad Smith


M&A watch: Deals slow, but interest remains

October 14, 2022Theresa Flaherty, Managing Editor

YARMOUTH, Maine – With a certain amount of unpredictability settling over the HME industry, buyers are becoming more conservative, say M&A analysts.  Case in point: the CPAP market. While providers say they may be seeing a light at the end of the tunnel as equipment becomes available and lead times shorten, it remains difficult to forecast, say analysts.  “It’s hard (for sellers) to predict with great certainty what the future is going to look like,” said Pat...

Home Medical Equipment, M&A

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Great Elm: ‘DME demonstrated strong core profitability’ 

September 13, 2022HME News Staff

WALTHAM, Mass. – Great Elm Group’s DME operating companies reported $16.5 million in total revenue for the three months ended June 30, 2022, compared to $14.5 million for the same period the previous year.  The increase in revenue was primarily attributable to more favorable intake and collections processes driving lower revenue reserve rates.  DME recognized a net loss of $200,000 for the fourth quarter of FY 2022 compared to net income of $5.9 million for the same period...

DME, Great Elm Group, M&A

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In brief: ResMed buys mementor, CMS wants input on MA 

August 5, 2022HME News Staff

MARTINSRIED and LEIPZIG, Germany – ResMed has acquired Leipzig, Germany-based mementor in a move that strengthens its overall sleep portfolio with a digital solution for insomnia, the company says.  mementor developed and owns somnio, Germany’s first, and so far only, Digital Health Application (DiGA) for the treatment of insomnia that’s reimbursable.  “mementor is an ideal fit for ResMed Germany and, more important, millions of people across Germany who want...

Digital Health, M&A, Medicare Advantage, ResMed

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Also Noted

Lifeway adds third location in California 

August 2, 2022HME News Staff

SAN DIEGO – Lifeway Mobility is expanding its coverage in southern California with a new location in San Diego. The company will offer stair lifts, wheelchair ramps and a variety of basic transfer aid solutions to those living in San Diego County. “We are excited to be expanding the West Region coverage in the state of California and the opportunity to be of greater service to a growing population of residents with their aging-in-place needs,” said Luis Mendoza, California general...

Home Accessibility, Lifeway Mobility, M&A

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In brief: Hanger acquired, 3M’s health care division spun off, Quipt contract secured

July 29, 2022HME News Staff

AUSTIN, Texas – Hanger, a national provider of O&P, has entered into an agreement to be acquired by Patient Square Capital, a dedicated health care investment firm, for approximately $1.25 billion.  Under the terms of the agreement, Hanger stockholders will receive $18.75 in cash per share, representing an approximate 29% premium to the 30-calendar day volume-weighted average price (VWAP) ending July 20, 2022. Upon completion of the transaction, Hanger will become a privately held company...

3M, Hanger, M&A, O&P, Orthotics, Prosthetics, Quipt Home Medical

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Lifeway Mobility buys Health & Comfort

July 26, 2022HME News Staff

KANSAS CITY – Lifeway Mobility has acquired Health & Comfort Equipment Service in Kansas City, allowing the company to further expand its offerings throughout Kansas and provide services in Missouri.  Health & Comfort has more than 30 years of experience in the home accessibility industry in the Kansas City metro area providing stair lifts, ramps and other solutions.  “I am very excited to expand our offerings for home access by joining forces with Lifeway Mobility,”...

Health & Comfort Equipment Service, Home Accessibility, Lifeway Mobility, M&A

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Also Noted

Three make partner at Vertess

July 13, 2022HME News Staff

FORT WORTH, Texas – Vertess has promoted three managing directors to partner: Rachel Boynton, Anna Elliott and Robert Villalobos. Boynton joined VERTESS in 2018 as a managing director providing M&A advisory and consulting services to the intellectual and developmental disability (I/DD), behavioral health and related health care markets. Elliott, who joined the firm earlier this year, has experience in high-growth, health care technologies, including artificial intelligence and machine...

M&A, Vertess

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