Tag: Mergers & Acquisitions (M&A)

LAFAYETTE, La. – Viemed Healthcare has finalized its strategic partnership with East Alabama Health, providing the company with a controlling interest in East Alabama HomeMed.  East Alabama HomeMed provides HME services to patients within the EAH network, which encompasses East Alabama Medical Center in Opelika, Ala., and EAMC-Lanier Hospital in Valley, Ala., with a combined medical staff of 380 physicians, as well as those in the surrounding areas of Eastern Alabama.  "We...

LAFAYETTE, La. – Viemed Healthcare has finalized its strategic partnership with East Alabama Health, providing the company with a controlling interest in East Alabama HomeMed.  East Alabama HomeMed provides HME services to patients within the EAH network, which encompasses East Alabama Medical Center in Opelika, Ala., and EAMC-Lanier Hospital in Valley, Ala., with a combined medical staff of 380 physicians, as well as those in the surrounding areas of Eastern Alabama.  "We...

NEWTOWN, Pa. – Paragon Ventures is celebrating 30 years of strategic M&A for health care businesses.   The company has successfully completed more than 350 strategic mergers and acquisitions transactions in 45 states and across the continuum of health care, including infusion therapy, behavioral health, medical device, pharmacy, home medical equipment and advanced medical technologies.  “Our 30th anniversary is a testament to the trust placed in us by our clients...

CHICAGO – HCSC has signed a definitive agreement with the Cigna Group to buy its Medicare Advantage, Medicare Supplemental Benefits, Medicare Part D and CareAllies businesses for $3.3 billion.  HCSC, an independent licensee of the Blue Cross Blue Shield Association, bills itself as the largest customer-owned health insurer, serving more than 22 million people across the United States.  “The acquisition will bring many opportunities to HCSC and its members — including...

LONDON and PLANO, Texas – The boards of Belluscura and TMT Acquisition have announced the terms of a recommended share offer to be made by Belluscura for the whole of the issued and to be issued share capital of TMT Acquisition. Having regard to the Belluscura share price in recent weeks, the companies have agreed on an increase in the number of new Belluscura shares to be offered in exchange for TMT acquisition shares. The value of a TMT acquisition share under the offer, based on the closing...

WAYNE, Pa. – Paragon Ventures has published the first in a series of articles to guide companies through the sale, merger and acquisition process. The first article, “Preparing for M&A,” reviews establishing transaction goals, assembling an M&A team and developing a sale strategy. “In the dynamic landscape of business, mergers and acquisitions have become integral for some companies seeking growth, market expansion, or strategic realignment,” Paragon states. “For...

YARMOUTH, Maine – When it comes to mergers and acquisitions, the HME industry has seen its share of ups and downs, says Dexter Braff, founder and president of The Braff Group, which recently celebrated 25 years.  These days, the biggest difference he sees is the amount of due diligence required to close a deal.  “In the past, once you signed a letter of intent, the percentage of deals that would not close would be in the 10% to 20% range,” said Braff. “Today,...

ROSEVILLE, Minn. – Pediatric Home Service has entered the Florida market with its acquisition of Jacksonville-based All About Pediatrics, one of two recent acquisitions the company has made as it continues to build out its platform, says CEO Adam Nielsen.  PHS already had a longstanding relationship with All About Pediatrics, which provides respiratory therapy and enteral nutrition though three locations in Jacksonville, Orlando and Palm City.  “We’re always looking...

FORT WORTH, Texas – Pediatric Home Service based in Roseville, Minn., has acquired Apple Homecare Medical Supply based in Richardson, Texas, Vertess has announced.  The acquisition of Apple Homecare Medical Supply, a full-service HME provider specializing in pediatrics and supplies since 1999, provides PHS with further reach into Texas.  “The synergy between Apple and PHS was clear from the beginning of discussions,” said Brad Smith, managing director and partner...

BAAR, Switzerland – Medela will transition its wound care business into a separate global business.  The new standalone wound care company will continue to provide wound care solutions powered by Medela’s medical vacuum technology, including its negative pressure wound therapy line of products and services. It will also incorporate the latest technology from medaxis, a Swiss med-tech company that is part of Olle Larsson Holding.  “I am honored and excited to lead...