DHS secures 'amazing advantage' in New Jersey
By HME News Staff
Updated Wed February 19, 2014
HARRISBURG, Pa. - Dynamic Healthcare Services (DHS) has made its second buy in as many months.
DHS, which is backed by private equity firm GMH Ventures, has acquired Reliable Medical in Hackensack, N.J., it announced today. Reliable, a full-line HME provider covering the northern New Jersey and New York metropolitan areas, was awarded an oxygen contract in Round 2 of competitive bidding.
"Reliable's presence in the northern New Jersey market and their Round 2 competitive bid contract in the southern New York Metro CBA, combined with the northern New Jersey Metro CBA contract that DHS was already awarded, gives us an amazing advantage across the New York and New Jersey metro market,” said Michael Holloway, president of GMH Ventures, in the release.
The deal is the latest in a string of acquisitions for DHS. In January, the company acquired Clarion, Pa.-based Progressive Home Medical Equipment, a full-line provider serving Pittsburgh and western Pennsylvania. In 2013, DHS acquired APO2; and in 2012, it acquired HomeTown Oxygen and Evanko Respiratory, all in Pennsylvania.
Relaible Medical founders Rob O'Connor and Deon DeFreitas will continue to manage operations.
Terms of the deal were not disclosed.
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