COVID-19 Hasn’t Stopped M&A Activity
HME industry mergers and acquisitions firm Vertess touts closing four industry transactions during Q2 and Q3.
- By David Kopf
- Sep 24, 2020
While COVID-19 might have been a gut punch for many sectors of the U.S. economy, mergers and acquisitions in the HME market is not one of them.
Healthcare M&A advisory firm VERTESS reported that it closed four major HME industry transactions in Q2 and Q3, regardless of the pandemic. Managing Director Bradley Smith said in a public statement the company has closed several transitions this year.
"Even in the face of adversity that is 2020, I am thrilled to have helped deserving owners successfully exit their businesses while also helping bridge the gap for these healthcare providers to extend their established platforms," he stated.
Recently closed deals involving VERTESS include:
- Med Inc. a Virginia-based DME Clinical Respiratory Provider, was acquired by Rotech Healthcare Inc., a Florida-based national provider of respiratory and sleep apnea treatment.
- Alliance Medical Supply, a Texas-based pediatric respiratory and nutritional equipment supplier, was acquired by Pediatric Home Respiratory Service (PHS), a Minnesota-based independent comprehensive home care provider.
David Kopf is the Publisher and Executive Editor of HME Business and DME Pharmacy magazines. Follow him on Twitter at @postacutenews.