Adapthealth To Buy Home Medical Equipment Business From Advanced Home Care
With this vision in mind, we continue to execute on our strategy of organic growth, improving operations, and closing accretive acquisitions. We do this by leveraging technology and workflow to improve our operations and have already achieved significant direct and indirect cost savings via purchasing volumes. In addition, six months into the combination, we’ve seen great progress toward our synergy plan, including consolidating 88 locations and implementing our digital logistics and RCM platforms. Allina Health Home Oxygen & Medical Equipment offers oxygen and durable medical equipment solutions to keep you safe, comfortable and independent in your home.
It offers a comprehensive suite of direct-to-patient equipment and services including CPAP and BiPAP machines, oxygen concentrators, home ventilators, and other durable medical equipment products. AeroCare maintains extensive relationships with leading national manufacturers and managed healthcare plans, and services over 1,000,000 patients annually from over 300 locations across 30 states, and online through affiliated websites. Since inception, AeroCare has achieved 20 years of consecutive revenue growth, driven by a combination of strong organic growth and targeted acquisitions. AdaptHealth offers a complete range of medical products and solutions to help patients manage chronic conditions in the home. Its product and services offerings include sleep therapy equipment, respiratory equipment, mobility equipment, wheelchairs, walkers, and hospital beds.
For more than 30 years, Keith has helped natural health and wellness companies and entrepreneurs find their unique message, attract their passionate audience, and create lasting authority, impact, and income. Ken has worked in health, behavioral health, and homelessness/housing for over 30 years. Formerly the Center for Social Innovation and the T3 Training Institute, C4 Innovations provides innovative training, technical assistance, and consulting with the goal of improving the lives of marginalized people and communities.
Founded in 1993 by brothers Tom and David Gardner, The Motley Fool helps millions of people attain financial freedom through our website, podcasts, books, newspaper column, radio show, and premium investing services. Keith has shown his clients how to go from nonexistent to #1 on Google for meaningful keywords in under six months and grow their lists from 5,000 to 100,000 in under a year. In addition to producing multiple New York Times best-selling health authors, he has helped health practitioners launch digital products that produce 200 percent more income annually than they make from seeing patients. As a former health products marketing VP, content marketing expert, and strategic advisor, Keith has helped health practitioners, wellness authors, supplement formulators, and some of the biggest alternative wellness companies in the world break through the noise and get noticed.
AdaptHealth Holding Corp., a fast-growing, $522 million , home medical care equipment distributor based in Plymouth Meeting, plans to go public with backing from a new investor. Intraday Data provided by FACTSET and subject to terms of use. Historical and current end-of-day data provided by FACTSET. Real-time last sale data for U.S. stock quotes reflect trades reported through Nasdaq only. Intraday data delayed at least 15 minutes or per exchange requirements.
Adapt’s net revenue has grown from $174 million in 2016 to an estimated $522 million in 2019. Adjusted EBITDA has increased from $33 million in 2016 to an estimate of more than $130 million in 2019. For 2020, net revenue is expected to rise to $583 million with Adjusted EBITDA expected to increase to approximately $152 million.