Tag: Paragon Ventures
In brief: Quipt’s ‘robust’ quarter, Cardinal’s raised guidance, Paragon’s 30th anniversary
February 16, 2024HME News Staff
CINCINNATI – Quipt Home Medical reported revenue of $65.4 million for the first quarter of fiscal 2024, a 60% increase compared to the same period last year.
Adjusted EBITDA was $15.3 million (23.5% of revenue) vs. $9.0 million (22% of revenue), a 71% increase; and net income (loss) was $(0.6) million vs. $0.3 million.
“We continued experiencing robust demand trends in the first quarter across our diverse product offering and are very pleased with the continued record...
Paragon Ventures marks 30 years
February 14, 2024HME News Staff
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...
Paragon Ventures published ebook
December 18, 2023HME News Staff
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...
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,...
M&A analysts: ‘Focus on acquiring solid companies’
February 10, 2023Theresa Flaherty, Managing Editor
YARMOUTH, Maine – Industry analysts see steady deal-making in 2023, with a variety of companies making buys in both typically hot markets like respiratory and newly hot markets like repairs, but with more of a focus on due diligence.
“I think the interest is at both the national level, as well as the larger regionals, aggressively pursuing acquisitions,” said Pat Clifford, managing director, home medical equipment, for The Braff Group. “There is acquisition appetite...
AdaptHealth acquires Keene Medical Products
April 14, 2022HME News Staff
ENFIELD, N.H. – AdaptHealth has acquired Keene Medical Products, a respiratory-focused, full service DME business based here.
Founded in 1975, Keene has 132 employees with five locations in New Hampshire and four in Vermont.
“We are grateful that so many people have placed their trust in our teams of professionals and in our products and services,” said Kurt Filiault, owner. “We are proud of our reputation.”
Keene Medical Products was named...
Home infusion: Interest still high, inventory still low
March 4, 2022Theresa Flaherty, Managing Editor
YARMOUTH, Maine – A handful of recently announced deals underscores the continued appetite for home infusion companies propelled by the COVID-19 pandemic, say M&A analysts.
Option Care Health recently announced it acquired Wasatch Infusion and entered into an agreement to acquire Specialty Pharmacy Nursing Network.
“Option Care has been doing deals for 20 years and I don’t think that’s going to stop – they continue to fill out their geographic...
In brief: CMS moves on proposed rule, Paragon closes four deals, VGM updates bid study
October 22, 2021HME News Staff
WASHINGTON – CMS has sent the DMEPOS proposed rule to the Office of Management and Budget for final review, AAHomecare reports.
A letter asking CMS to act on the rule, published a year ago, garnered 95 signatures from members of the House of Representatives, including champions on the influential Ways and Means and Energy and Commerce committees.
“Capitol Hill is starting to understand the market realities and new operational environment that suppliers and manufacturers...
Industry gets ‘back to normal’ at Medtrade East
October 19, 2021Theresa Flaherty, Managing Editor
ATLANTA – Finding new products, booking new business and making new connections was back in full swing at Medtrade East.
“With the exhibitors and the attendees we have here, people are ready to get back to normal,” said Show Director York Schwab. “I think we’ve shown there is no substitute for face-to-face interaction.”
The newly rebranded Medtrade East at the Georgia World Congress Center in Atlanta kicked off on Monday with a full day of educational sessions,...
Paragon Ventures announces four respiratory focused deals
October 18, 2021HME News Staff
WAYNE, Pa. – Paragon Ventures has announced a number of deals, including the acquisition of Marra’s Homecare, a family owned HME company specializing in respiratory and rehab equipment and services, by KPH Healthcare Services, a national provider of pharmaceutical and health care services.
Marra’s Homecare has grown to multiple locations throughout upstate New York.
Paragon has also announced the acquisition of OlyHealth/Olympia Respiratory Services, a provider...