Tag: Mergers & Acquisitions (M&A)
Nationwide Medical looks to PE firm to ‘unlock potential’
December 12, 2024HME News Staff
CALABASAS, Calif. – Nationwide Medical, a sleep and respiratory provider that operates in 49 states and serves more than 100,000 patients, has formed a growth partnership with Heritage Group, a health care-focused private equity firm.
“Today marks an exciting milestone for Nationwide Medical,” said CEO David Siegel. “We have operated as a family-owned business for over 20 years and are incredibly proud of our continued dedication to putting patients first and...
Medical Service Company makes buy, gains health system partner
December 3, 2024HME News Staff
CLEVELAND – Medical Service Company has acquired Carle Medical Supply, a DME provider supporting Carle Health patients in central Illinois.
“Like so many other health care systems, Carle identified that value and impact that DME has on a patient’s hospital discharge experience,” said Josh Marx, CEO of MSC. “Although a small part of the care continuum, when done well, discharge speed accelerates and patient satisfaction increases. Through MSC’s investments...
Invacare’s new owner in North America excels in turnarounds
November 22, 2024Liz Beaulieu, Editor
ELYRIA, Ohio – MIGA Holdings says it can turn around Invacare North America – which has suffered under a consent decree, a bankruptcy filing and numerous layoffs in the past decade –and it has the track record to prove it.
Edison, N.J. -based MIGA, which announced it bought the business on Nov. 11, will focus on improving Invacare NA’s operations and infrastructure, while letting the company’s “strongest assets” – its mission, vision, people...
Henry Schein expands supplies platform with Acentus
November 20, 2024HME News Staff
MELVILLE, N.Y. - Henry Schein has signed an agreement to buy Tampa, Fla.-based Acentus, a national supplier specializing in delivering continuous glucose monitors (CGMs) with $35 million in annual revenue.
Along with its previous acquisitions of Prism Medical Products in 2021 and Shield Healthcare and Mini Pharmacy in 2023, Henry Schein now expects its home medical supply platform to have annual revenue of about $350 million.
“As the delivery of health care in the U.S. is...
DOJ sues UnitedHealth to block Amedisys deal
November 20, 2024HME News Staff
WASHINGTON – The U.S. Department of Justice, together with the attorneys general of Maryland, Illinois, New Jersey and New York, has filed a civil antitrust lawsuit to block UnitedHealth Group’s proposed $3.3 billion acquisition of Amedisys because it would eliminate competition between the two companies.
Since UnitedHealth’s acquisition of LHC Group, a competitor of Amedisys, in 2023, UnitedHealth and Amedisys have been two of the largest home health and hospice providers...
Valere Health buys Piper Healthcare
November 12, 2024HME News Staff
COLUMBIA, S.C. – Valere Health, a provider of health care interoperability and connectivity solutions, has acquired Piper Healthcare, a health care consulting company that is known for its cutting-edge AI, analytics and automation solutions, the company says. The addition of Piper Healthcare strengthens Valere’s ability to offer a comprehensive suite of interoperable solutions that empower health care providers and drive operational efficiencies across the health care continuum, the company...
Cardinal Health to buy nat’l diabetes provider
November 12, 2024HME News Staff
DUBLIN, Ohio – Cardinal Health has entered into a definitive agreement to acquire Advanced Diabetes Supply for about $1.1 billion in cash, with plans to merge the company into its at-Home Solutions business.
ADS, led by CEO Bill Mixon, serves about 500,000 patients annually by providing the latest innovations in diabetes therapies from leading manufacturers.
"Last January, we elevated the priority of investing in our growth businesses like at-Home Solutions because this...
Invacare sells NA business
November 11, 2024HME News Staff
ELYRIA, Ohio, and EDISON, N.J. - Invacare Holdings Corp. has sold its North American business to MIGA Holdings, better positioning the business to optimize operations and accelerate growth in the region.
“We are confident that this strategic change will be a benefit to both the North American and European/Asia Pacific businesses of Invacare,” said Geoff Purtill, president and CEO of Invacare Holdings Corporation. “This transaction not only allows us to concentrate on our...
WellSky buys Bonafide
October 25, 2024HME News Staff
OVERLAND PARK, Kan. – WellSky has acquired Bonafide, an enterprise software solution for HME companies, in a move that expands the company’s footprint in what it calls “a rapidly growing segment in the health care industry.”
WellSky says its offerings in home infusion and home health are highly complementary to Bonafide’s solutions, industry experience and knowledge.
“With the rise in chronic conditions, a rapidly aging population, and an increased...
Owens & Minor, Rotech receive second request from FTC
October 15, 2024HME News Staff
RICHMOND, Va. – Owens & Minor and Rotech Healthcare on Oct. 11 each received a request for additional information and documentary materials from the Federal Trade Commission in connection with its review of the merger of the two companies.
The effect of a second request is to extend the waiting period imposed by the Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended, until 30 days after each of the companies has substantially complied with the second request issued to...