PromptCare Acquires PRO2 Philadelphia

CLARK, N.J. — The PromptCare Cos. has acquired
substantially all of the operating assets of PRO2 Philadelphia,
which provides ventilator therapy and specialty respiratory
products and services. PRO2, which will now be operated as PRO2
Respiratory Services, has three offices serving the greater
Philadelphia, southern New Jersey and Delaware markets. Terms of
the transaction were not disclosed.

“PRO2 is a long-standing specialized provider of pediatric care
with a reputation for high quality clinical products and services,”
Tom Voorhees, PromptCare president, said in a release. “The
acquisition of PRO2 facilitates PromptCare’s continued strategic
focus on higher margin, pediatric oriented products and services
and significantly expands our geographic service footprint.” In
addition, Voorhees said, the transaction is expected to generate
payer, operational “and best practice synergies.”

Founded in 1985, PromptCare provides specialty respiratory
products and services and home infusion therapy in New Jersey, New
York, Connecticut, Massachusetts, Pennsylvania and Delaware for
children and adults. PromptCare is a portfolio company of MidMark
Capital.