St Joseph’s Health Sells Medical Equipment Provider To Adapthealth Syracuse, New York Ny, St Joseph’s Health
And so you can think of the continued adjusted EBITDA margin that we’re driving at that tell from what we reported for the quarter, that that’s in line with what we’re acquiring. So to the point of we’ve acquired over $300 million of annualized, that’s where that’s coming from. The one item I will call out is the Philips impact, right, that’s netted in there.
He has a doctorate in social psychology and a master’s degree in clinical psychology and is an ICF Professional Certified Coach. He is the author of Practicing Positive Psychology Coaching, The Courage Quotient, and The Upside of Your Dark Side, among other books. Robert is the foremost authority on positive psychology coaching and has consulted with a wide range of international organizations on performance management and talent development.
AdaptHealth is a leading provider of home healthcare equipment, medical supplies to the home and related services in the United States, with approximately 1.8 million patients annually in all 50 states through its network of 269 locations in 41 states. AdaptHealth Corp. is the third largest provider of home medical equipment in the United States. Product and services offerings include sleep therapy equipment , respiratory equipment (including oxygen, invasive and non-invasive ventilation), mobility equipment, wheelchairs, walkers, and hospital beds. AdaptHealth also provides custom bracing services, hospice focused HME services, wound therapy and nutritional HME services.
On the sales front, we made strong progress reorganizing and focusing our combined 615 person sales force. As part of this reorganization, we have taken the best training, tools, and practices and applied them across the entire business. In July 2011, Kerry was named one of Rhode Island’s top businesspeople in the annual “40 Under Forty” feature in Providence Business News based on her career success and community involvement.
Adapt also raised at least $2 million from private investors in 2017. Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world. Some of the financial information and data contained in this press release, such as adjusted EBITDA, has not been prepared in accordance with United States generally accepted accounting principles (“GAAP”). A reconciliation of certain of these non-GAAP financial measures to their most comparable GAAP measure is set forth in a table included at the end of this press release. Richard Barasch, who will be appointed Chairman of AdaptHealth upon closing of the transaction, was Chairman and CEO of Universal American, an NYSE-listed health insurance and healthcare services company until its sale to WellCare Health Plans in 2017.
Looking for more information on establishing your health coaching career? Download this free eBook for an in-depth look at the health coaching industry and the job opportunities that are out there. Once the deal is done, current Adapt shareholders will own 59 percent of the company, with DFB and its affiliates, backers, and current shareholders owning the rest, minus additional share sales by DFB investors. The company will be listed on the Nasdaq stock market following a planned investment of as much as $353 million by Deerfield Management, a New York investment firm, and former health-insurer CEO Richard Barasch, Barasch said in a brief interview this morning.