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Tag: MergeWorthRx


Providers

AeroCare deal falls through

December 31, 2014HME News Staff

ORLANDO - A merger agreement between AeroCare and MergeWorthRx (MWRX) has been terminated.Under the terms of the deal, announced in October, MWRX, a Miami-based specialty purpose acquisition company, had until Dec. 26 to either complete the merger or dissolve, according to a press release.MWRX formed in July 2013 to merge with one or more target businesses.AeroCare, which offers respiratory products and services to more than 150,000 patients through 175 locations in 20 U.S. states, has annual revenues...

AeroCare, MergeWorthRx


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Providers

Merger casts 'positive' light on industry

October 17, 2014Theresa Flaherty, Managing Editor

ORLANDO - News of a merger between AeroCare and MergeWorthRx put a spring into the step of HME industry analysts.“This a positive sign for the industry,” said Rick Glass, president of Steven Richards & Associates.In the Oct. 15 announcement, AeroCare, which has been backed by private equity firm Ferrer Freeman & Company since its inception in 2002, and MergeWorthRx, a special purpose acquisition company with a healthcare focus, said they have agreed to an all-stock merger. MergeWorthRx...

AeroCare, Don Davis, MergeWorthRx, Rick Glass


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Providers

AeroCare inks merger deal

October 15, 2014HME News Staff

ORLANDO - AeroCare has merged with MergeWorthRx and will become a publicly traded company, it was announced today.Under the terms of the agreement, MergeWorthRx, a special purpose acquisition company, will issue approximately 11.3 million new shares and .5 million options to existing AeroCare stockholders, according to a press release. Those stockholders will own 53% of the company, and will have the right to receive up to $30 million of additional shares of MergeWorthRx common stock."This is an...

AeroCare, MergeWorthRx


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