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Tag: Mergers & Acquisitions (M&A)


Brad Smith

Also Noted

Vertess partner recognized for deal

June 10, 2024HME News Staff

FORT WORTH, Texas – Vertess has announced that Bradley Smith, managing director/partner, has been recognized as an M&A advisor for one of Axial’s Top 8 Deals of 2023. Axial, a private deal network serving professionals who own, advise and invest in North American companies, named Smith’s deal a top transaction across the health care industry last year. He provided sell side representation for a medical device manufacturer in a transaction that took 12 months from signing to closing...

Brad Smith, Mergers & Acquisitions (M&A), Vertess


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Providers

SoCal companies look to ‘make waves’ 

June 7, 2024Tracy Orzel

TUSTIN, Calif. – SG Homecare's acquisition of Western Drug Medical Supply will merge the two companies into a new entity, combining their strengths and enhancing their presence in the Southern California market.  Combined, the companies have more than $150 million in annual revenue, 28 locations, more than 500 employees, and offer a full range of DME.  “We're going through a full-scale integration right now from how we purchase to how we deliver,” said Jay...

Mergers & Acquisitions (M&A), SG Homecare, Western Drug


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PromptCare: ‘Stay away from the fads’ 

Specialty Providers

PromptCare: ‘Stay away from the fads’ 

June 7, 2024Theresa Flaherty, Managing Editor

NEW PROVIDENCE, N.J. – PromptCare’s recent acquisition of New Orleans-based Coastal Infusion Services will give the provider a blueprint to add ambulatory infusion suites to its offerings, says CEO Paul Jardina.  While PromptCare, which offers home infusion, specialty pharmacy and complex respiratory services, has had a limited number of infusion suites for the past several years, it hasn’t been a focus, he said.  “We thought they had done a really good job...

Home Infusion, Mergers & Acquisitions (M&A), PromptCare


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Vendors

Sunrise Medical switches investor hands 

June 5, 2024HME News Staff

MALSCH, Germany – Private equity investor Nordic Capital has entered into an agreement to sell Sunrise Medical to Platinum Equity.  Nordic Capital says following its acquisition of Sunrise Medical in 2015, the company’s revenue has almost doubled from EUR 364 million to EUR 636 million in fiscal year 2022-23 and its profitability has improved. The company’s number of employees has grown from 2,000 to more than 2,800 worldwide.  “Nordic Capital's deep sector...

Mergers & Acquisitions (M&A), Nordic Capital, Platinum Equity, Private Equity, Sunrise Medical


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Paragon Ventures enjoys front seat to industry change

Providers

Paragon Ventures enjoys front seat to industry change

May 24, 2024Theresa Flaherty, Managing Editor

NEWTOWN, Pa. – Even after three decades in mergers and acquisitions, Jonathan Sadock and Marc Rose of Paragon Ventures still get excited to see how HME companies are evolving.  “We have the benefit of having so much experience with seeing so many companies and how they – and the HME sector – have evolved to what it is today,” said Sadock, CEO and managing partner at Paragon Ventures.  Paragon, which launched in 1994, has successfully completed more...

Home Medical Equipment (HME), Jonathan Sadock, Marc Rose, Mergers & Acquisitions (M&A), Paragon Ventures


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Also Noted

Balance Point Capital backs SG Homecare acquisition 

May 21, 2024HME News Staff

WESTPORT, Conn. – Balance Point Capital, an alternative investment manager focused on the lower-middle market, has announced its investment in SG Homecare. Balance Point, in conjunction with affiliate funds Balance Point Capital Partners V and Balance Point Capital Partners VI, arranged debt financing to support SG Homecare’s recent acquisition of Western Drug, retire existing debt and provide capital for future working capital needs. “Balance Point is excited to support SG’s...

Balance Point Capital, Investment, Mergers & Acquisitions (M&A), SG Homecare


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Casey Hoyt

Specialty Providers

Viemed broadens strategy 

May 10, 2024Theresa Flaherty, Managing Editor

LAFAYATTE, La. – Viemed Healthcare’s integration of HMP is “hitting its stride,” helping the company build out a more diversified product offering, says CEO Casey Hoyt.  Viemed closed on its acquisition of Tennessee-based Home Medical Products, Inc., a large regional provider of respiratory focused home medical solutions in June 2023. That deal, and a recent joint venture with East Alabama Health that gave Viemed a controlling interest in East Alabama HomeMed, provides...

Casey Hoyt, Financial Results, Mergers & Acquisitions (M&A), Viemed


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Specialty Providers

PromptCare expands nat’l footprint 

May 7, 2024HME News Staff

NEW PROVIDENCE, N.J. - PromptCare, a provider of at-home and alternate-site infusion therapy, has announced that Coastal Infusion Services, which has a presence throughout the southern U.S., is now part of its family of companies.  Coastal Infusion Services also cares for patients at six state-of-the-art ambulatory infusion suites (AISs) strategically located throughout southern Louisiana.   “This is a unique opportunity to combine two organizations with deeply experienced...

Home Infusion, Mergers & Acquisitions (M&A), PromptCare


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News

In brief: Viemed deal, oxygen reform, sleep study 

April 3, 2024HME News Staff

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...

Mergers & Acquisitions (M&A), Oxygen reform, Sleep Disorders, Viemed


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Casey Hoyt

Specialty Providers

Viemed gets controlling interest in Alabama HME 

April 2, 2024HME News Staff

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...

East Alabama HomeMed, Mergers & Acquisitions (M&A), Viemed Healthcare


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