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Tag: Quipt Home Medical


Providers

Quipt gains large new market with latest acquisition

January 4, 2022HME News Staff

CINCINNATI – Quipt Home Medical has acquired At Home Health Equipment, an Indiana-based provider with unaudited trailing 12-month annual revenues of about $13 million and net income of $1.6 million.  Quipt says the acquisition creates its single largest market from a revenue standpoint: Indianapolis.  “This is a significant acquisition as it creates the largest single market for us in a very attractive region, allowing us the ability to strengthen our overall interconnected...

Hospice, M&A, Quipt Home Medical


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Providers

Quipt 'propels’ patient count to more than 150K

December 16, 2021HME News Staff

CINCINNATI, Ohio – Quipt Home Medical reported revenues in the range of $27.6 million to $28.1 million for its fourth quarter 2021, which ended Sept. 30, according to preliminary financial results.  It also reported adjusted EBITDA in the range of $5.3 million to $5.6 million and cash on hand of $34.6 million.  “Our efforts in building a national clinical respiratory organization focused on superior patient care are being realized, and our continued robust preliminary...

Home Medical Equipment, Quipt Home Medical


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News

In brief: Quipt acquisition, CVS’s new strategy, ResMed’s new board members

November 23, 2021HME News Staff

CINCINNATI – Quipt Home Medical has executed a non-binding letter of intent to acquire an “arm’s length” private respiratory care company servicing seven states throughout the U.S. reporting unaudited trailing 12-month annual revenues of about $14 million, $1 million in net income and positive adjusted EBITDA.  The acquisition adds a new vertical in long-term care settings, four new states and 165 remote respiratory therapists.  “We continue to strategically...

CVS Health, HealthHUB, Quipt Home Medical, ResMed


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Providers

Quipt acquisition adds new vertical

November 23, 2021HME News Staff

CINCINNATI – Quit Home Medical has executed a non-binding letter of intent to acquire an “arm’s length” private respiratory care company servicing seven states throughout the U.S. reporting unaudited trailing 12-month annual revenues of about $14 million, $1 million in net income and positive adjusted EBITDA.  The acquisition adds a new vertical in long-term care settings, four new states and 165 remote respiratory therapists.  “We continue to strategically...

M&A, Quipt Home Medical, Respiratory Therapy


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Providers

Quipt adds repair services through acquisition

November 17, 2021HME News Staff

CINCINNATI — Quipt Home Medical has acquired a privately held biomedical services company with operations in the Southeastern United States reporting unaudited trailing 12-month annual revenues of approximately $1.5 million and net income of $225,000.  Quipt acquired the biomedical services operation for approximately $700,000 in cash, expanding its services to include biomedical repair services for respiratory equipment, including preventative maintenance.   “We are delighted...

Home Medical Equipment, Quipt Home Medical


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Providers

Quipt announces LOI, increases guidance

November 16, 2021HME News Staff

CINCINNATI – Quipt Home Medical has executed a non-binding letter of intent to acquire “an arm’s length” private respiratory company in the Midwestern United States with 15,000 active patients.  The company reported unaudited trailing 12-month annual revenues of about $13 million, $1.6 million in net income and positive adjusted EBITDA.  “This acquisition target is very powerful as it services a significant metro hub in the Midwest and after closing,...

M&A, Quipt Home Medical, respiratory care


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Providers

Quipt ramps up in Illinois

November 9, 2021HME News Staff

CINCINNATI – Quipt Home Medical recently acquired a business with operations in Illinois with unaudited trailing 12-month annual revenue of about $2.5 million.  Post-acquisition, Quipt expects an adjusted EBITDA for the acquisition of about $600,000.  “Since July, we have now completed six acquisitions with combined revenues of over $16 million,” said Greg Crawford, chairman and CEO. “Combining these newly acquired entities provides us a pathway to scale into...

M&A, Quipt Home Medical, Respiratory Therapy


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Medtrade Show Daily

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,...

Diamond Medical Supply, Medtrade East, Northshore Care Supply, Paragon Ventures, Quipt Home Medical, US Medical Supply, York Schwab


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Also Noted

Quipt expands in Mississippi

October 6, 2021HME News Staff

CINCINNATI – Quipt Home Medical has acquired a business with operations in Mississippi reporting unaudited trailing 12-month annual revenues of approximately $2.7 million for about $1.95 million in cash. The business has more than 4,000 active patients, 590 referring physicians and two locations, bringing Quipt to 150,000 current active patients, 19,000 referring physicians and 62 locations across 15 states. “We continue to focus on accretive acquisition candidates that fit our stringent...

Home Medical Equipment, Quipt Home Medical


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Quipt looks to ‘move needle’

Providers

Quipt looks to ‘move needle’

September 10, 2021Theresa Flaherty, Managing Editor

CINCINNATI – With $33 million in cash on hand and a $20 million untapped credit facility, Quipt Home Medical is well positioned to increase scale through acquisitions, company execs said on a recent earnings call.  Most of the deals in Quipt’s current pipeline are in the sub $5 million to $5 million to $10 million range, though execs say the pipeline for $10 million companies is getting larger. Cumulatively, the pipeline totals about $100 million in revenues, says CFO Hardik Mehta.  “Our...

Home Medical Equipment, Quipt Home Medical


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