OxygenWorks divests to AdaptHealth
By HME News Staff
Updated 10:22 AM CST, Mon February 22, 2021
MERION STATION, Pa. – The owner of OxygenWorks, Philomena Baylor, has divested her business to AdaptHealth.
OxygenWorks, based here, is a privately owned, multi-generational company providing a broad spectrum of respiratory equipment and supplies to patients in Pennsylvania, Delaware and New Jersey, according to a press release from the company’s adviser, Central HealthCare Group.
Central HealthCare Group is a Philadelphia-based investment banking firm representing public and privately held health care companies.
The firm’s leader, Paul Mudrick, has advised companies throughout the United States and China, and has successfully originated and completed 51 transactions for private, public and nonprofit companies representing an aggregate transaction value of more than $500 million, according to the release.
Prior to founding Central HealthCare Group, Mudrick was president and CEO of more than 24 diversified health care businesses, which were consolidated into six corporations and sold to companies like Apria, Rite Aid and Lincare.
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