Epoch Acquired By Adapthealth
They’re a home medical equipment company with over 30 years of experience and have long been recognized as one of the top medical providers in the area. The acquisition of PCS would add urological and ostomy products to AdaptHealth’s HME product portfolio and increase its operations in the areas including wound care, breast pumps, incontinence supplies, and diabetic care. US-based home medical equipment provider AdaptHealth has completed its previously announced acquisition of the Patient Care Solutions business from Germany-based healthcare firm McKesson, for an undisclosed amount. The transaction values AeroCare at approximately $2.0 billion on a debt-free, cash-free basis, with cash consideration of $1.1 billion, subject to adjustment as provided in the definitive agreement, and 31 million shares of AdaptHealth common stock. The acquisition is expected to significantly enhance AdaptHealth’s scale and geographic reach, providing access to new customers and strengthening relationships with referral partners, patients, manufacturers, and managed healthcare plans. So I think a lot of the revenue synergies that I mentioned previously, that we got from our experience in resupply with a lot of these acquisitions, particularly the six on the diabetes that we’ve done over the last year.
Healthline, which was founded in 1998, is a leading provider of home medical equipment to patients through its 13 branch locations across the greater Fort Worth and Austin areas. For the trailing twelve months ended December 31, 2019, Healthline generated net revenues of approximately $30 million. Healthline will continue to operate under its current name and leadership team, led by Dewayne Andrus, Barbara Leech, Ed Sims and Michael Dick. The transaction will be funded by cash from the DFB trust account (currently approximately $253 million) and Deerfield has committed to participate for up to a maximum of $100 million in a private placement of common stock at $10.00 per share. Adapt’s management and major equity holders will roll their equity into the new public company, and proceeds generated by the transaction will be available to AdaptHealth to fund future growth. The Company anticipates rolling its existing senior credit facility as part of the transaction.
As a result, reconciliation of these non-GAAP measures to the most directly comparable GAAP measure is not available without unreasonable effort. In addition, the Company believes such a reconciliation would imply a degree of precision and certainty that could be confusing to investors. The variability of the specified items may have a significant and unpredictable impact on the Company’s future GAAP results. And really what essentially we’re doing is we’re tracking not just is the patient adherent to the actual therapy of the ventilator, but how they’re doing kind of on a longer-term basis and how that relates to their plan of care. So that’s really kind of just early innings, let’s say, of how we’re thinking about chronic disease management across multiple different product categories that we believe should have real good runway on that, particularly sleep and diabetes.
Her work focuses on clinical training with graduate students in clinical psychology, and she also enjoys working on an interprofessional team to facilitate service learning with medical and allied health students. Since 2014, she has been a mental health specialist doing pro bono work with refugees at the Survivors of Torture Recovery Center in Louisville, Kentucky. Mary Beth graduated from Grinnell College with Phi Beta Kappa honors and earned her PhD at the University of Kentucky in 1999. Through community partnerships, Forest designs and teaches mindfulness-based wellness programs that incorporate yoga, social and emotional intelligence, and positive psychology to support at-risk and homeless youth to experience greater resiliency, health, and well-being.
She has close to 40 publications and has been invited to speak at close to 100 meetings and conferences in the United States and around the world. John is on a mission to help people learn communication and conflict resolution skills that create empathy, compassion, and collaboration. For more than two decades, John has mediated conflicts in a wide range of contexts, including families, businesses, and organizations. He conducts training on coaching, strengths, positivity, courage, and appreciative inquiry with organizations and businesses around the world and through his coaching school, Positive Acorn. Robert has trained professionals in North America, Europe, Asia, Africa, Australia, South America, and the Middle East.
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