AdaptHealth Corp. acquired WeCare Medical, LLC for $34.8 million cash plus 231,866 shares of Class A common stock, a transaction completed in July 2021, structured as combination (cash and stock).
WeCare Medical, LLC operates in Home medical equipment / durable medical equipment, is based in United States. WeCare was a distributor of durable medical equipment and supplies 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 FY2021 Form 10-K, Note 3 Acquisitions.
Advisory firms were not disclosed for this transaction.