AdaptHealth Corp. acquired Pinnacle Medical Solutions, Inc. for $80.4 million cash plus 997,067 shares of Class A common stock, and potential contingent consideration of up to $15.0 million, a transaction completed in October 2020, structured as combination (cash and stock).
Pinnacle Medical Solutions, Inc. operates in Diabetes management / continuous glucose monitors (CGM), is based in United States. Pinnacle was a distributor of insulin pumps, insulin pump supplies, continuous glucose monitoring systems and diabetes test strips in the United States.
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.