Avalon GloboCare acquires Merlin Medical Supply
By HME News Staff
Updated 10:15 AM CDT, Thu September 14, 2023
FREEHOLD, N.J. – Avalon GloboCare, a developer of innovative precision diagnostics and provider of clinical laboratory services, has announced that Laboratory Services MSO has acquired Merlin Medical Supply, an HME company providing acute and non-acute medical supplies in Ventura County, Calif. Additionally, LSM has acquired Leading Edge Innovations, which owns the GeeWhiz External Condom Catheter, a patented, FDA-registered, in-market, male incontinence device, from the same owner. “MMS has been servicing the community in Ventura for over 20 years and is an in-network provider for major insurance companies, including Medicare and Medicaid,” said David Jin, M.D., Ph.D., president and CEO of Avalon, which owns a 40% interest in LSM. “The medical supply market is expected to grow rapidly with the rising geriatric population and MMS is well positioned to capitalize on this market opportunity given its established relationships with payers and clients. By combining MMS with LSM, we look forward to supporting their national expansion.” In addition to Medicare and Medicaid, MMS has contracts with major health care payers, including Optum-Rx, CCS, Tri-Care, Blue Cross/Blue Shield, Humana, Aetna, United Health and Gold Coast.
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