Tag: Mergers & Acquisitions (M&A)
Quipt sees 2025 as ‘pivotal year’
March 24, 2025HME News Staff
CINCINNATI – Quipt Home Medical plans to return to historical levels of organic growth, optimize capital allocation and build a scalable health care ecosystem through M&A as part of a new strategic plan.
The plan follows the company’s annual general meeting of shareholders on March 17.
“2025 marks a pivotal year for Quipt as we double down on our commitment to augment organic growth and prioritize a disciplined capital allocation strategy while maintaining strong...
DispatchHealth, Medically Home merger ‘unlocks future’ for hospital at home
March 19, 2025HME News Staff
DENVER and BOSTON – DispatchHealth and Medically Home have entered into a definitive agreement to merge, creating what they say is the country’s most comprehensive provider of advanced medical care at home. With Medically Home as part of DispatchHealth, the companies will extend care into the homes of patients across 50 major metro areas in partnership with nearly 40 health systems, as well as most major health plans and value-based care entities. “This merger unlocks a future where...
CGMs spur ‘broader push’ from buyers
January 17, 2025Theresa Flaherty, Managing Editor
YARMOUTH, Maine – A pair of deals in the fourth quarter of 2024 highlights the attraction of the patient-direct market for continuous glucose monitors, say M&A analysts.
In December, Cardinal Health announced it plans to spend $1.1 billion to buy Carlsbad, Calif.-based Advanced Diabetes Supply, a national provider that serves about 500,000 diabetes patients annually, and in November, Henry Schein said it had signed an agreement to buy Tampa, Fla.-based Acentus, a national provider...
VGM ‘fills gap’ in respiratory offering
January 13, 2025HME News Staff
WATERLOO, Iowa – VGM Group has acquired SleepGlad, a secure, 3D mask-fitting platform for CPAP and non-invasive ventilators, from Baxter Technologies in a move that fills out the company’s respiratory offerings.
VGM already offers fulfillment and logistics services for CPAP machines and supplies through VGM Fulfillment and no-touch delivery, onboarding, patient setup, compliance and post-compliance monitoring through VGM & Associates.
“SleepGlad perfectly fills...
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...