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Tag: QMES


Providers

AdaptHealth announces high-profile merger

July 12, 2019Theresa Flaherty, Managing Editor

PLYMOUTH MEETING, Pa. - In the nearly 10 years that the HME industry has grappled with competitive bidding, AdaptHealth, formerly QMES, has found a way to grow, leading up to last week's news that it's combining with DFB Healthcare Acquisitions Corp. and becoming a public company.The combined company, which will go by AdaptHealth Holding Corp. and which will be listed on the NASDAQ under a new ticker symbol, will have a value of $1 billion and a market capitalization of about $800 million.“Adapt...

AdaptHealth, HOme medical equipment, Luke McGee, QMES


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Also Noted

QMES secures $175M in financing

March 6, 2018HME News Staff

NEW YORK - QMES has locked in a $157 million senior secured credit facility from CIT Group's consumer finance business. QMES, a portfolio company of Quadrant Management, a private investment firm based in New York City, will use the new credit facility to refinance legacy debt, support growth and make strategic investments, according to a press release. “This new credit facility will enable us to expand beyond our core markets and further solidify our position in our current markets,”...

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Providers

QMES secures more financing

June 2, 2017HME News Staff

NEW YORK - HME platform company QMES has obtained a second round of financing from CIT Group.QMES, a DME provider in the Northeast, will use the $65 million secured senior credit facility to refinance legacy debt and support growth, according to a press release.“QMES's active M&A growth strategy has led to the successful completion and integration of more than 15 acquisitions and they currently serve over 100,000 patients annually,” said William Douglass, managing director and group head...

CIT Group, HOme medical equipment, Luke McGee, QMES, William Douglass


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News

QMES repositions with $50M in financing

April 10, 2014HME News Staff

NEW YORK - QMES, a distributor of DME in nine states, has secured a $50 million senior secured credit facility from CIT Corporate Finance, Healthcare.QMES will use the facility to refinance legacy debt and provide for ongoing working capital needs, according to a press release.“QMES has an impressive track record of growth having completed 10 acquisitions since 2012 and effectively establishing itself as one of the largest medical equipment home delivery companies on the East Coast," stated...

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