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Tag: M&A


Apria jumps into hot market 

Providers

Apria jumps into hot market 

January 22, 2021Theresa Flaherty, Managing Editor

LAKE FOREST, Calif. – After a lengthy period of relative quiet, Apria Healthcare’s planned IPO could signal a company that is ready to grow, say M&A analysts.  The provider on Jan. 15 filed a Form S-1 with the Securities and Exchange Commission, a step it must take before filing an initial public offering.  “They’ve been a bit conspicuous by their absence in doing transactions,” said Jonathan Sadock, managing partner/CEO of Paragon...

apria healthcare, IPO, M&A


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Also Noted

Knit-Rite, Therafirm acquired by Thuasne 

January 11, 2021HME News Staff

KANSAS CITY – Knit-Rite and Therafirm have been acquired by Thuasne, a European medical device manufacturer with 2,200 employees and 233 million euros in revenues in 2019. Knit-Rite and Therafirm, which represent Thuasne’s fourth largest acquisition in the United States in 10 years, solidify the company’s presence in the O&P and compression markets, and open up a new market, devices for orthopedic prothesis (post-amputation prosthetic socks and prosthetic...

compression, Knit-Rite, M&A, o&P, Therafirm, Thuasne


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Mobility

Numotion builds supplies business 

January 4, 2021HME News Staff

BRENTWOOD, Tenn. – Numotion has acquired Wheeler’s Medical Supply, a Jacksonville, Fla.-based provider of intermittent catheters and incontinence supplies.  The acquisition expands Numotion’s existing medical supplies business, which provides catheters, incontinence, ostomy and advanced wound care products.  “Growing Numotion’s medical supplies offering with the addition of the Wheeler’s team enables Numotion to...

Active Home Medical Supplies, incontinence supplies, intermittent catheters, M&A, Numotion, Wheeler's Medical Supply


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Providers

AdaptHealth looks to raise $500M 

December 15, 2020HME News Staff

PLYMOUTH MEETING, Pa. – AdaptHealth has launched a $500 million offering of aggregate principal amount of senior notes due 2029.  The gross proceeds from the offering will be deposited into a segregated escrow account pending completion of the company’s previously announced acquisition of AeroCare Holdings. At the closing of the acquisition, the net proceeds from the offering will be released from escrow and, together with term loan borrowings and cash...

AdaptHealth, AeroCare, M&A, public offering


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Smart Talk

M&A: Assess your timing

December 14, 2020Samantha Lincoln

Q. Is the timing right to sell my business?  A. This question sparked my interest because on the night of Dec. 21, 2020, the winter solstice, Jupiter and Saturn will form the “Great Conjunction.” They will be in alignment closer together – just 0.1 degree apart – than they have been in nearly 800 years. (They align every 20 years or so, but this is the closest.)  Only you and your adviser can assess your specific timing, but several “planets”...

acquisitions, M&A, mergers, Paragon Ventures, Samantha Lincoln


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Providers

AeroCare’s Griggs on next steps: Integration, improvement 

December 11, 2020Theresa Flaherty, Managing Editor

ORLANDO, Fla. - Steve Griggs has been in the HME industry since 1988, first serving as president of Rotech, then launching AeroCare in 2000. Two decades on, he has grown that business to 300 locations and has sold it to AdaptHealth for about $2 billion.  Griggs credits the company’s employees and its willingness to embrace technology for his success.  “Any company that has...

AdaptHealth, AeroCare, M&A, Steve Griggs


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Providers

FSB's Pinnacle Medical sells to AdaptHealth

December 3, 2020HME News Staff

CHICAGO - FSB Companies has sold its portfolio company Pinnacle Medical Solutions, a provider of diabetes management supplies, to AdaptHealth. Pinnacle, which will continue to operate under its current name and location in Southaven, Miss., primarily serves patients in the Southeast, offering CGMs, insulin pumps and other diabetic supplies. “It was an honor to be part of the Pinnacle team and build something special,” said Frank Brumfield, CEO and owner of FSB. “The Pinnacle-FSB...

AdaptHealth, diabetes supplies, M&A, Pinnacle Medical Solutions


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Allina Health sells to AdaptHealth

December 3, 2020HME News Staff

ST. PAUL, Minn. - Allina Health is selling its HME division to AdaptHealth, according to ABC Newspapers. The purchase includes Allina's Home Oxygen & Medical Equipment Division, also known as HOME. “We are extremely proud of the work and commitment of our Home Oxygen & Medical Equipment staff,” said Lisa Shannon, president and COO of Allina Health. “We are excited about AdaptHealth's deep industry expertise and resources to grow and invest in the division.” HOME has a showroom...

AdaptHealth, Alline Health, HOme medical equipment, M&A, Oxygen


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Providers

AdaptHealth to buy AeroCare

December 1, 2020HME News Staff

PLYMOUTH MEETING, Pa. - AdaptHealth has entered into a definitive agreement to buy Orlando, Fla.-based AeroCare Holdings for $2 billion. The total purchase price is comprised of $1.1 billion in cash and 31 million shares of AdaptHealth. “Our combined company will further enhance our geographic reach with a footprint in 47 of the 48 continental U.S. states, strengthening relationships with our referral partners, patients, manufacturers and managed health care plans,” said Luke...

AdaptHealth, AeroCare, hme, M&A


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Numotion grows in Texas

December 1, 2020HME News Staff

BRENTWOOD, Tenn. - Numotion has expanded into Amarillo, Texas, with the acquisition of the complex rehab division of BritKare. “Numotion is proud to continue to grow our reach in Texas with this investment in BritKare,” said Mike Swinford, Numotion CEO. Founded in 1995, BritKare has been serving the mobility needs of customers in the areas surrounding Amarillo and Lubbock, Texas, for more than 25 years. The company's employees, including four assistive technology professionals, will join...

acquisition, BritKare, complex rehab, M&A, Numotion


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