Firm pulls plug on home infusion deal
By HME News Staff
Updated Wed December 31, 2008
CONSHOHOCKEN, Pa.--A $420 million deal between MBF Healthcare Acquisitions and home infusion provider Critical Homecare Solutions fell victim to the slumping economy, according to news reports in early November. MBF had announced in February 2008 that it planned to purchase the two-year-old company founded by former Air Products exec Bob Cucuel. The deal was originally expected to close in June or July, but the original letter of intent expired July 31, 2008. The deal was restructured in September but “it's just not the time to launch a road show” to get financing, Cucuel told a newspaper.
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