Tag: Paragon Ventures
Strive Medical builds out diabetes biz
March 5, 2025HME News Staff
IRVING, Texas – Strive Medical, a portfolio company of NMS Capital, has acquired Charles Pharmacy & Surgical, a pharmacy and provider of diabetes supplies since 1968.
This strategic acquisition represents a major milestone in Strive Medical's continuous growth and dedication to delivering top-quality medical supplies and services to patients throughout the United States, the company says.
"We are thrilled to welcome Charles Pharmacy into the Strive Medical community,"...
Family Matters In-Home Care, Homecare California merge
February 19, 2025HME News Staff
CAMPBELL, Calif. - Family Matters In-Home Care has acquired Homecare California in a deal that expands their resources and allows the two companies to support families with smooth care transitions and compassionate care, they say. Family In-Home Care, which has locations throughout California, provides in-home care for seniors and adults with disabilities, while Homecare California, which is based in Los Altos, Calif., provides non-medical in-home care services for seniors and individuals who need...
Paragon Ventures enjoys front seat to industry change
May 24, 2024Theresa Flaherty, Managing Editor
NEWTOWN, Pa. – Even after three decades in mergers and acquisitions, Jonathan Sadock and Marc Rose of Paragon Ventures still get excited to see how HME companies are evolving.
“We have the benefit of having so much experience with seeing so many companies and how they – and the HME sector – have evolved to what it is today,” said Sadock, CEO and managing partner at Paragon Ventures.
Paragon, which launched in 1994, has successfully completed more...
In brief: Quipt’s ‘robust’ quarter, Cardinal’s raised guidance, Paragon’s 30th anniversary
February 16, 2024HME News Staff
CINCINNATI – Quipt Home Medical reported revenue of $65.4 million for the first quarter of fiscal 2024, a 60% increase compared to the same period last year.
Adjusted EBITDA was $15.3 million (23.5% of revenue) vs. $9.0 million (22% of revenue), a 71% increase; and net income (loss) was $(0.6) million vs. $0.3 million.
“We continued experiencing robust demand trends in the first quarter across our diverse product offering and are very pleased with the continued record...
Paragon Ventures marks 30 years
February 14, 2024HME News Staff
NEWTOWN, Pa. – Paragon Ventures is celebrating 30 years of strategic M&A for health care businesses.
The company has successfully completed more than 350 strategic mergers and acquisitions transactions in 45 states and across the continuum of health care, including infusion therapy, behavioral health, medical device, pharmacy, home medical equipment and advanced medical technologies.
“Our 30th anniversary is a testament to the trust placed in us by our clients...
Paragon Ventures published ebook
December 18, 2023HME News Staff
WAYNE, Pa. – Paragon Ventures has published the first in a series of articles to guide companies through the sale, merger and acquisition process. The first article, “Preparing for M&A,” reviews establishing transaction goals, assembling an M&A team and developing a sale strategy. “In the dynamic landscape of business, mergers and acquisitions have become integral for some companies seeking growth, market expansion, or strategic realignment,” Paragon states. “For...
Blake Pharmacy sells to PharMerica
September 27, 2023HME News Staff
WAYNE, Pa. - Blake Pharmacy has sold to PharMerica, a national provider of pharmaceutical services, according to Paragon Ventures. Blake Pharmacy has established a strong presence in Florida and its sale to PharMerica will allow it to leverage resources, infrastructure and advanced technology platforms. “We are proud to join forces with PharMerica and embark on this exciting new chapter,” said Ashish Patel, founder and CEO of Blake Pharmacy. “By integrating our strengths and capabilities,...
M&A analysts: ‘Focus on acquiring solid companies’
February 10, 2023Theresa Flaherty, Managing Editor
YARMOUTH, Maine – Industry analysts see steady deal-making in 2023, with a variety of companies making buys in both typically hot markets like respiratory and newly hot markets like repairs, but with more of a focus on due diligence.
“I think the interest is at both the national level, as well as the larger regionals, aggressively pursuing acquisitions,” said Pat Clifford, managing director, home medical equipment, for The Braff Group. “There is acquisition appetite...
AdaptHealth acquires Keene Medical Products
April 14, 2022HME News Staff
ENFIELD, N.H. – AdaptHealth has acquired Keene Medical Products, a respiratory-focused, full service DME business based here.
Founded in 1975, Keene has 132 employees with five locations in New Hampshire and four in Vermont.
“We are grateful that so many people have placed their trust in our teams of professionals and in our products and services,” said Kurt Filiault, owner. “We are proud of our reputation.”
Keene Medical Products was named...
Home infusion: Interest still high, inventory still low
March 4, 2022Theresa Flaherty, Managing Editor
YARMOUTH, Maine – A handful of recently announced deals underscores the continued appetite for home infusion companies propelled by the COVID-19 pandemic, say M&A analysts.
Option Care Health recently announced it acquired Wasatch Infusion and entered into an agreement to acquire Specialty Pharmacy Nursing Network.
“Option Care has been doing deals for 20 years and I don’t think that’s going to stop – they continue to fill out their geographic...