Viemed Acquires Lehan’s Medical Equipment

LAFAYETTE, Louisiana—Viemed Healthcare, Inc., an in-home clinical care provider of post-acute respiratory health care equipment and services in the United States, announced that it has completed the acquisition of Illinois-based Lehan’s Medical Equipment (Lehan) for a base purchase price of $26 million, subject to customary adjustments, plus estimated contingent payments of $2.2 million. 

“We are pleased to close the acquisition of Lehan and bring this talented and highly motivated team into the Viemed family,” said Viemed Chief Executive Officer Casey Hoyt. “Lehan’s 80-year track record and brand recognition in a large and fast-growing market along with its preferred contracts and fulfillment expertise make for a powerful combination with our national scale, unique care delivery model and existing payer relationships to serve a broader patient population.” 

In 2024, Lehan generated net revenues of approximately $25.7 million and Adjusted EBITDA of approximately $7.4 million. Viemed funded the acquisition through a combination of cash on hand and borrowings from its existing credit facilities. Viemed said it anticipates increasing its previously issued full-year 2025 guidance range to account for the expected contribution from this acquisition when it reports earnings results for the quarter ended June 30, 2025.

Lehan’s Medical Equipment is a health care provider offering home medical equipment and products for women’s health, including breast pumps. The organization specializes in promoting wellness through a variety of health care services. Lehan also provides rental, sales and resupply of CPAPs and other respiratory devices, as well as sales of other medical equipment. Lehan currently has three full-service locations in the Northern Illinois area and three sleep/CPAP set up locations in the West Chicagoland area, including one in Wisconsin.