AdaptHealth Corp. acquired Spiro Health Services, LLC for $66.1 million cash plus 244,641 shares of Class A common stock, and potential contingent consideration of up to $1.0 million, a transaction completed in April 2021, structured as combination (cash and stock).
Spiro Health Services, LLC operates in Home medical equipment, is based in United States. Spiro was a provider of home medical equipment and supplies.
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 FY2021 Form 10-K, Note 3 Acquisitions.
Advisory firms were not disclosed for this transaction.