Tag: Mergers & Acquisitions (M&A)
Blake Pharmacy sells to PharMerica
September 27, 2023HME News Staff
WAYNE, Pa. - Blake Pharmacy has sold to PharMerica, a national provider of pharmaceutical services, according to Paragon Ventures. Blake Pharmacy has established a strong presence in Florida and its sale to PharMerica will allow it to leverage resources, infrastructure and advanced technology platforms. “We are proud to join forces with PharMerica and embark on this exciting new chapter,” said Ashish Patel, founder and CEO of Blake Pharmacy. “By integrating our strengths and capabilities,...
Quipt reaches tipping point with new acquisition
September 11, 2023HME News Staff
CINCINNATI – Quipt Home Medical has acquired a business with operations in Mississippi, Texas and Louisiana reporting unaudited annual revenues of about $ 9 million and adjusted EDITDA of $2 million post-integration.
The company says the acquisition adds scale with 10 locations, 17,500 active patients, 1,900 unique referring physicians and important insurance contracts.
“The completion of this transaction demonstrates our ongoing patience and discipline as it relates...
ADDvise Group to acquire Diabetic Supplies
August 10, 2023HME News Staff
STOCKHOLM - ADDvise Group, a supplier of equipment to health care and research facilities, has entered into a share purchase agreement with the owners of Diabetic Supplies Inc. to acquire all shares of the company. ADDvise Group will acquire Diabetes Supplies for an initial cash purchase price of $9.5 million, with two potential earn-outs of a total of $5.1 million, providing that Diabetic Supplies achieves certain determined financial targets. Diabetic Supplies’ revenue for the 12 months ended...
Amedysis exec joins The Braff Group
August 2, 2023HME News Staff
PITTSBURGH – Kris Novak has joined The Braff Group as a managing director of home health, home care and hospice, where he will be responsible for the western United States, joining Mark Kulik, senior managing director of home health, home are and hospice, Eastern United States. Novak has 14 years of M&A experience in the home health industry, most recently at Amedisys, where he most recently served as senior vice president of mergers, acquisitions and integration. While at Amedisys, Novak led...
Coloplast expands into biologics wound care segment
July 10, 2023HME News Staff
MINNEAPOLIS – Coloplast has signed an agreement to buy Kerecis, a biotech company based in Iceland that is pioneering the use of fish skin in the regenerative medicine market, for up to $1.3 billion.
Coloplast will pay $1.2 billion upfront on a cash and debt-free basis and will pay up to a $100 million earnout dependent on financial performance in fiscal year 2023-24.
“The advanced wound care market holds significant untapped potential, and today Coloplast is only present...
In brief: Enos Home Medical makes acquisition, pharmacies meet with FTC commish
July 5, 2023HME News Staff
NEW BEDFORD, Mass. - Enos Home Medical has expanded its footprint in northern Massachusetts and reinforced its focus on the hospice market with a recent acquisition of “significant DME assets” in the area, says Jon Enos.
The acquisition better positions Enos Home Medical to “meet current dynamic market conditions and today’s ever-changing medical landscape,” the company says.
“We are excited to be able to reach even more hospice patients in the...
Enos Home Medical makes acquisition
July 5, 2023HME News Staff
NEW BEDFORD, Mass. - Enos Home Medical has expanded its footprint in northern Massachusetts and reinforced its focus on the hospice market with a recent acquisition of “significant DME assets” in the area, says Jon Enos.
The acquisition better positions Enos Home Medical to “meet current dynamic market conditions and today’s ever-changing medical landscape,” the company says.
“We are excited to be able to reach even more hospice patients in the...
Option Care-Amedisys acquisition falls through
June 26, 2023HME News Staff
BANNOCKBURN, Ill. – Option Care Health announced today that it has terminated its $3.6 billion merger with Amedisys, just weeks after Optum made an unsolicited bid for the home health care provider.
Option Care Health says it will receive a $106 million termination fee.
"While we are disappointed in this outcome, Option Care Health has a long track record of delivering value for our shareholders," said John C. Rademacher, president and CEO. "We take a disciplined approach...
In brief: Advent Home Medical buys Med Emporium, Brightree survey emphasizes interoperability
May 24, 2023HME News Staff
CHICAGO – New Harbor Capital has announced that its portfolio company Grand Rapids, Mich.-based Advent Home Medical has acquired Charlotte, N.C.-based Med Emporium, strengthening the company’s respiratory focus and paving the way for it to expand into new geographies.
It’s Advent Home Medical’s third acquisition in partnership with New Harbor Capital, which completed a majority investment in the company in March 2021.
“We are very excited to partner...
Advent Home Medical buys Med Emporium
May 23, 2023HME News Staff
CHICAGO – New Harbor Capital has announced that its portfolio company Grand Rapids, Mich.-based Advent Home Medical has acquired Charlotte, N.C.-based Med Emporium, strengthening the company’s respiratory focus and paving the way for it to expand into new geographies.
It’s Advent Home Medical’s third acquisition in partnership with New Harbor Capital, which completed a majority investment in the company in March 2021.
“We are very excited to partner...