AdaptHealth Corp. acquired Advanced Home Care, Inc. (durable medical equipment business) for $58.5 million cash at closing plus potential contingent payment of up to $9.0 million, a transaction completed in March 2020, structured as all cash.
Advanced Home Care, Inc. (durable medical equipment business) operates in Home medical equipment / durable medical equipment, is based in United States. AdaptHealth purchased the durable medical equipment business assets of Advanced Home Care, Inc.
Part of AdaptHealth's roll-up strategy consolidating regional home medical equipment and direct-to-patient supply providers; consideration and terms disclosed in AdaptHealth's FY2020 Form 10-K, Note 3 Acquisitions.
Advisory firms were not disclosed for this transaction.