Becker's Healthcare November 10, 2021
CINCINNATI (November 10, 2021)—Quipt Home Medical Corp., a U.S.-based provider of durable medical equipment (DME) focused on end-to-end respiratory care, is pleased to announce that it has recently acquired a business with operations in Illinois, reporting unaudited trailing 12-month annual revenues of approximately $2.5 million. Post integration, Quipt expects an adjusted earnings before interest, taxes, depreciation and amortization (EBITDA) for the acquisition target of $0.6 million.
The acquisition adds a strategic location servicing Central Illinois, a heavily weighted respiratory product mix and over 3,700 active patients. Moreover, the acquisition provides Quipt important insurance contracts and decades of operating experience, with an over 40-year operating track record in the markets served. The business has a diverse payer mix and full suite...
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