Adapt Health Care, Ah Logo Trademark

PLYMOUTH MEETING, Penn. —AdaptHealth Corp., a provider of home medical equipment and related services, announced Tuesday that it has entered into an agreement to acquire Orlando, Florida-based AeroCare Holdings, Inc., in a deal valued at about $2 billion. ADAPT is open to San Francisco residents 18 year and older with a substance use disorder and/or mental health needs. Services include screening and assessment, individual and group counseling, process and psycho-education groups, case management, relapse prevention, recreational activities and continuing care.

These forward-looking statements are provided for illustrative purposes only and are not intended to serve as, and must not be relied on, by any investor as, a guarantee, an assurance, a prediction or a definitive statement of fact or probability. Many actual events and circumstances are beyond the control of the Company. A further description of such risks and uncertainties can be found in the Company’s filings with the Securities and Exchange Commission. There may be additional risks that the Company presently knows or that the Company currently believes are immaterial that could also cause actual results to differ from those contained in the forward-looking statements. In addition, forward-looking statements reflect the Company’s expectations, plans or forecasts of future events and views as of the date of this press release.

So far in 2021, we have accelerated our acquisition pace. The ADAPT Health Coach Training Program offers more hours of support and mentorship than any other health coach training program we are aware of. The combination of industry growth and government mandates to reduce costs to patients in the largest HME spending categories has allowed Adapt to execute a strategy of organic growth, accretive acquisitions, and profitability in a fragmented industry landscape. Since 2012, Adapt has acquired 56 companies with an aggregate purchase price of approximately $286 million.

Greenberg Traurig, LLP and McDermott Will & Emery are acting as legal advisor to DFB, Paul Hastings is acting as legal advisor to Deerfield, and Willkie Farr & Gallagher LLP is acting as legal advisor to Adapt. The combined company will represent an initial enterprise value of approximately $1.0 billion and market capitalization of approximately $800 million. We are passionate about companies that can improve the health outcomes of the 76M+ Medicaid beneficiaries across the country.

ADAPT has structured activities which encourage clients to build independence, self sufficiency, confidence, pride and supportive relationships within the community setting and thereby reduce use of substances. Historical daily share price chart and data for AdaptHealth since 2021 adjusted for splits. The latest closing stock price for AdaptHealth as of September 10, 2021 is 23.78.The all-time high AdaptHealth stock closing price was 40.15 on February 01, 2021.

And then when we start combining them and integrating them, well, that’s mostly done by the local managers and the regional managers. So for instance, if they’re going to — if they’re working on that and they’re working on this particular acquisition in the State of Texas, for example, and they get that done, we’ll — we might have an acquisition going on in Tennessee. So first, I just want to be clear and reiterate our belief that our business will grow 8% to 10%. We expect existing businesses and including the acquisitions to grow 8% to 10%.

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