Tag: Quipt Home Medical
Scale matters: Kingswood writes Quipt’s growth story
May 8, 2026Theresa Flaherty
LOS ANGELES – With its recent acquisitions of Quipt Home Medical and Drive Medical, Kingswood Capital Management sees plenty of opportunity in the home medical equipment industry to take high-quality platforms and grow them both organically and through M&A, says Kingswood Partner Michael Niegsch.
“We focus on situations with strong downside protection and multiple levers for value creation,” he said. “The HME market fits that well, given its non-discretionary demand. You’ve...
In brief: Conduit Health’s raise, Quipt’s new phase, MiniMed’s debut
March 17, 2026HME News Staff
NEW YORK – Conduit Health, a consumer-oriented provider of insurance-covered medical supplies and services for Medicare and Medicaid patients, has announced a $17 million Series A to expand its vertically-integrated model that it says brings clinical care, insurance authorization and medical supply fulfillment together under one coordinated structure.
In just 16 months since its public launch, Conduit has delivered supplies to more than 50,000 patients, while increasing its product catalog...
Quipt Home Medical enters new phase
March 16, 2026HME News Staff
CINCINNATI – Quipt Home Medical has completed its sale to affiliates of Kingswood Capital Management and Forager Capital Management for $3.65 per share, ending a contentious nine months for the home medical equipment (HME) company.
The company will be delisted from the NASDAQ and the Toronto Stock Exchange at close of business on March 17.
“We are pleased to announce the successful conclusion of this transformative transaction, which initiates an exciting new phase for Quipt as...
Short takes: Quipt Home Medical, Sanford Health
March 9, 2026HME News Staff
Cincinnati, Ohio-based Quipt Home Medical expects to close on its sale to Kingswood Capital Management and Forager Capital Management on March 16, 2026. The company announced on March 5 that the Supreme Court of British Columbia issued a final order related to the sale, paving the way for the close, assuming all other terms and conditions are satisfied. Quipt Home Medical announced late last year that it had agreed to a buy out by a special-purpose acquisition vehicle (SPAC) funded by the two investment...
Quipt Home Medical agrees to buy out
December 15, 2025HME News Staff
CINCINNATI – Quipt Home Medical has agreed to be bought out by a special-purpose acquisition vehicle (SPAC) funded by two investment firms: Kingswood Capital Management and Forager Capital Management.
As part of the deal, the company’s shareholders will receive $3.65 per share in cash, representing a 162% premium to the company’s unaffected stock price on May 19, the last full day of trading prior to the public...
Quipt Home Medical says its effectively managing industry-wide pressures
December 15, 2025HME News Staff
CINCINNATI – Quipt Home Medical has reported revenue of $68.3 million for the fourth quarter of 2025, an 11% increase year over year. It has reported revenue of $245.5 million for fiscal year 2025, a slight decrease.
Net income for Q4 was a loss of $3.6 million compared to a loss of $2.9 million for the same period last year. Net income for FY25 was a loss of $10.7 million compared to a loss of $6.8 million last year.
Chairman and CEO Greg Crawford...
In brief: Quipt Home Medical buyout bid, ACO performance, skin substitute spend
September 10, 2025HME News Staff
WILDER, Ky. – The tug of war between Quipt Home Medical and Forager Capital Management continues. Quipt has reportedly filed a lawsuit against Forager, one of its largest shareholders, and Forager has released a statement standing by its offer to buy Quipt for $3.10 per share in cash.
Quipt in late August responded to Forager’s offer, saying it was only the latest in the firm’s “self-serving inferior and declining offers.” Quipt noted that Forager had previously...
Quipt reportedly files suit amid ongoing buyout battle
September 9, 2025HME News Staff
WILDER, Ky. – The tug of war between Quipt Home Medical and Forager Capital Management continues. Quipt has reportedly filed a lawsuit against Forager, one of its largest shareholders, and Forager has released a statement standing by its offer to buy the company for $3.10 per share in cash.
Quipt in late August responded to Forager’s offer, saying it was only the latest in the firm’s “self-serving inferior and declining offers.” Quipt noted that Forager had...
Dealbook: Motion, Quipt finalize transactions
September 3, 2025HME News Staff
Motion (formerly Motion Specialties), a provider of comprehensive and customized mobility and home accessibility solutions in Canada, has completed its previously announced agreement to join forces with Numotion. “We are pleased to complete this transaction with Numotion, which helps create new growth opportunities in Canada and support continued innovation for persons with disabilities,” said Sue Gilpin, CEO of Motion. “We remain focused on our promise to Canadians to provide high-standards...
UPDATED: Quipt Home Medical responds to latest takeover bid from Forager Capital Management
August 27, 2025HME News Staff
WILDER, Ky. – Quipt Home Medical says an updated acquisition proposal from Forager Capital Management is only the latest in the shareholder’s “self-serving inferior and declining offers.”
FCM’s August proposal
FCM in August submitted an updated acquisition proposal to acquire all issued and outstanding common shares of the company for $3.10 per share in cash. It said the proposed $3.10 all-cash offer represents a significant premium over Quipt’s...