Tag: M&A

CINCINNATI – Quit Home Medical has executed a non-binding letter of intent to acquire an “arm’s length” private respiratory care company servicing seven states throughout the U.S. reporting unaudited trailing 12-month annual revenues of about $14 million, $1 million in net income and positive adjusted EBITDA.  The acquisition adds a new vertical in long-term care settings, four new states and 165 remote respiratory therapists.  “We continue to strategically...

CINCINNATI – Quipt Home Medical has executed a non-binding letter of intent to acquire “an arm’s length” private respiratory company in the Midwestern United States with 15,000 active patients.  The company reported unaudited trailing 12-month annual revenues of about $13 million, $1.6 million in net income and positive adjusted EBITDA.  “This acquisition target is very powerful as it services a significant metro hub in the Midwest and after closing,...

CINCINNATI – Quipt Home Medical recently acquired a business with operations in Illinois with unaudited trailing 12-month annual revenue of about $2.5 million.  Post-acquisition, Quipt expects an adjusted EBITDA for the acquisition of about $600,000.  “Since July, we have now completed six acquisitions with combined revenues of over $16 million,” said Greg Crawford, chairman and CEO. “Combining these newly acquired entities provides us a pathway to scale into...

WASHINGTON – CMS has sent the DMEPOS proposed rule to the Office of Management and Budget for final review, AAHomecare reports.  A letter asking CMS to act on the rule, published a year ago, garnered 95 signatures from members of the House of Representatives, including champions on the influential Ways and Means and Energy and Commerce committees.  “Capitol Hill is starting to understand the market realities and new operational environment that suppliers and manufacturers...

WAYNE, Pa. – Paragon Ventures has announced a number of deals, including the acquisition of Marra’s Homecare, a family owned HME company specializing in respiratory and rehab equipment and services, by KPH Healthcare Services, a national provider of pharmaceutical and health care services.  Marra’s Homecare has grown to multiple locations throughout upstate New York.  Paragon has also announced the acquisition of OlyHealth/Olympia Respiratory Services, a provider...

AKRON, Ohio – ACU-Serve has acquired Boca Raton, Fla.-based Professional Medical Administrators in a move the company says better positions it to “capture the highest collection rates at the lowest cost.”  The acquisition adds 60 U.S.-based employees, bringing ACU-Serve’s total roster to 200 employees.  “In a world where HME providers are struggling with staffing, our acquiring Pro-Med and being able to utilize their highly trained HME resources is a...

STEVENS POINT, Wis. – Ki Mobility has acquired Adaptive Engineering Lab (AEL), complementing and strengthening its Axiom seating line and expanding its commitment to becoming a complete solution for its customers.  “We are always looking for ways to improve our customer’s experience,” said Doug Munsey, president/CEO. “Integrating the AEL brands and products provides Ki Mobility the opportunity to expand the range of seating and positioning portfolio, which complements...

NASHVILLE, Tenn. – National Seating & Mobility has acquired an independently owned and operated HME provider in Red Deer, Alberta, representing its first location in the province. The provider specializes in complex rehab, mobility solutions and accessibility services. “This acquisition deepens our commitment to our Canadian customers and broadens our reach, allowing us to support even more individuals in their journey to achieve greater independence,” said Bill Mixon, NSM CEO....

BANNOCKBURN, Ill. – Option Care Health has acquired Infinity Infusion Nursing for $50 million in cash.  Infinity Infusion, founded in 2017, has a network of more than 1,300 nurses across 49 states.  “I am personally very excited to welcome the Infinity team to our existing clinical organization of more than 2,900 nurses, pharmacists, pharmacy technicians, respiratory therapists and dieticians,” said John Rademacher, Option Care Health CEO. “The clinical capabilities...

MINNEAPOLIS – Tactile Medical has acquired the assets of the AffloVest respiratory therapy business from International Biophysics Corp., a privately held company that developed and manufactures the portable, wearable vest.  AffloVest is used to treat patients with chronic respiratory conditions such as COPD-associated breathing conditions like bronchiectasis, or conditions resulting from neuromuscular disorders and cystic fibrosis, by managing airway clearance.  “The addition...