Tag: Initial Public Offering (IPO)
In brief: Stolz presides, Rotech pauses, AdaptHealth grows
August 12, 2022HME News Staff
WATERLOO, Iowa – VGM Group has named Jeremy Stolz president of VGM & Associates, after serving as interim president since June.
Stolz will also continue in his role as president of VGM Fulfillment and as a member of VGM’s senior leadership team.
“Jeremy is an influential leader in the home medical equipment industry,” said Mike Mallaro, CEO of VGM Group. “He understands both the challenges members of the industry face. as well as the opportunities that...
Rotech waits for ‘market changes’
August 11, 2022HME News Staff
WASHINGTON – Rotech Healthcare has paused its plans to go public.
The company filed for an initial public offering* of up to $100 million in July 2021, with plans to list on the Nasdaq under the symbol ROTK.
“(We’re) just timed out for now,” said President and CEO Tim Pigg in an email to HME News. “We have not updated but do plan to continue to update once the market changes.”
Rotech’s filing was declared abandoned on Aug. 3, according...
In brief: Rotech files IPO, Numotion buys SpinLife, NC goes with rate floor
July 9, 2021HME News Staff
ORLANDO, Fla. – Rotech Healthcare Holdings has filed for an initial public offering of up to $100 million and plans to list on the Nasdaq under the symbol ROTK.
The company had $534 million in sales for the 12 months ended March 31, 2021.
Rotech Healthcare offers a comprehensive range of home medical equipment and products and services across five core business lines: oxygen, ventilators, sleep therapy, wound care and DME. The company's payer mix includes commercial insurers,...
Apria announces launch of 7.5 million shares
February 4, 2021HME News Staff
INDIANAPOLIS – Apria Healthcare has announced the launch of its initial public offering of 7.5 million shares of its common stock, with an initial offering price expected to be between $19 - $21 per share.
The selling stockholders expect to grant the underwriters a 30-day option to purchase up to an additional 1.125 million shares of common stock.
Apria will not receive any net proceeds from the sale of its common stock by the selling stockholders, including from any exercise by...
Apria jumps into hot market
January 22, 2021Theresa Flaherty, Managing Editor
LAKE FOREST, Calif. – After a lengthy period of relative quiet, Apria Healthcare’s planned IPO could signal a company that is ready to grow, say M&A analysts.
The provider on Jan. 15 filed a Form S-1 with the Securities and Exchange Commission, a step it must take before filing an initial public offering.
“They’ve been a bit conspicuous by their absence in doing transactions,” said Jonathan Sadock, managing partner/CEO of Paragon...
Apria preps for IPO
January 18, 2021HME News Staff
LAKE FOREST, Calif. – Apria on Jan. 15 filed a Form S-1 with the Securities and Exchange Commission, a step it must take before filling an initial public offering.
Apria says it intends to list its shares of common stock on the Nasdaq Global Select Market under the symbol “APR.” After completing its offering, Blackstone Group will continue to own a majority of the voting power of shares, according to the form.
Apria discloses that it served nearly 2 million...
AdaptHealth merger finalized, stock goes live
November 12, 2019HME News Staff
NEW YORK and PLYMOUTH MEETING, Pa. - DFB Healthcare Acquisitions Corp. has closed on its merger with AdaptHealth Holdings. The combined company, which has been renamed AdaptHealth Corp., expected its Class A common stock and public warrants to list on the Nasdaq Capital Market under the new trading symbols AHCO and AHCOW, respectively, on Nov. 11. “(CEO Luke McGee) and his team have built one of the industry's leading HME providers through a combination of accretive capital deployment;...
The implications of AdaptHealth's upcoming IPO
October 1, 2019Bradley Smith
When AdaptHealth's plan to become a public company was announced in July, ears perked up throughout the HME industry. New IPO listings by DME providers are rare. That could change following Adapt's IPO.
To recap, Adapt will combine with DFB Healthcare Acquisitions Corp., which is currently traded on the NASDAQ under symbols DFBH and DFBHW. Once the combination of companies is completed, it is expected that DFB will change its name to AdaptHealth Holding Corp. and remain listed on the NASDAQ...
Inspire Medical Systems sets terms for IPO
April 24, 2018HME News Staff
MINNEAPOLIS - Inspire Medical Systems plans to raise $75 million by offering 5 million shares at a price range of $14 to $16 as part of an initial public offering that it announced earlier this month. Insiders plan to purchase $15 million worth of shares in the IPO, according to Nasdaq. Inspire Medical Systems, which plans to list on the New York Stock Exchange under the symbol INSP, makes FDA-approved neurostimulation technology that provides treatment for moderate to severe obstructive sleep...
Maker of CPAP alternative to go public
April 10, 2018HME News Staff
MINNEAPOLIS - Inspire Medical Systems, the maker of FDA-approved neurostimulation technology that provides treatment for moderate to severe OSA, has filed paperwork for an initial public offering of its common stock. The number of shares to be offered and the price range for the offering have not yet been determined. Inspire has applied to list its common stock on the New York Stock Exchange under the ticker symbol “INSP.” BofA Merrill Lynch and Goldman Sachs & Co. LLC are serving as...