AdaptHealth Acquires OxygenWorks

CHICAGO (February 23, 2021)—Central HealthCare Group, LLC, announced that it has advised the owner of OxygenWorks on the divestiture of the business. OxygenWorks is a privately-owned, multi-generational company, headquartered in Merion Station, Pennsylvania, providing a broad spectrum of respiratory equipment and supplies to patients in Pennsylvania, Delaware and New Jersey. Philomena Baylor, president/owner, who founded the company in 1998 is looking forward to becoming part of AdaptHealth.
 
AdaptHealth, a home health care company based in the United States, is a publicly traded company servicing nearly 3 million patients annually with respiratory services and medical equipment through its network of over 500 locations in 46 states.
 
Central HealthCare Group is an independent, boutique, Philadelphia-based investment banking firm representing public and privately held health care companies. Through a combination of financial consulting and advisory services, Central creates high value-added solutions to the capital, operational and governance needs of its clients. For over 25 years, Paul Mudrick has advised companies throughout the United States and China and has successfully originated and completed 51 transactions for private, public and non-profit companies representing an aggregate transaction value over $500 million.