AdaptHealth Corp. acquired ActivStyle, Inc. for $65.5 million cash (part of the combined ~$487 million Solara + ActivStyle close), a transaction completed in July 2020, structured as all cash.
ActivStyle, Inc. operates in Incontinence & urology / direct-to-consumer supplies, is based in United States (national). ActivStyle was a leading direct-to-consumer supplier of incontinence and urology products to patients throughout the United States. It added critical mass to AdaptHealth's direct-to-patient supply categories and increased the company's exposure to recurring supply sales.
ActivStyle was expected to add critical mass to important supply product categories and, together with Solara, enrich AdaptHealth's direct-to-patient product offerings and increase overall exposure to recurring supply sales.
Added recurring direct-to-consumer supply revenue in incontinence and urology. Single supply source for an expanded set of chronic-care products; ActivStyle CEO Gayle Devin and team joined AdaptHealth. ActivStyle (continued to operate under its own name)
ActivStyle will add critical mass to important supply product categories; each company also brings to AdaptHealth a talented group of industry professionals. The addition of Solara and ActivStyle will enrich our direct-to-patient product offerings, create a single supply source for an expanded set of chronic care products and services, and increase our overall exposure to recurring supply sales.Luke McGee, CEO, AdaptHealth
Advisory firms were not disclosed for this transaction.