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.