MINNEAPOLIS, Minn. (November 23, 2018)—Reliable Medical Supply (RMS), a health care durable medical equipment (DME) company providing complex rehab therapy (CRT), clinical respiratory services and an array of additional therapies treating a variety of disease states, announced the recapitalization of their equity by Seven Hills Capital of Chicago. No financial terms were disclosed. The transaction was facilitated by VERTESS, a health care M+A advisory firm.
HomeCare News
ASHEVILLE, N.C. (November 23, 2018)—Aeroflow Healthcare announced the acquisition of Integrity Medical’s positive airway pressure resupply line of business to provide more patients with their continuous positive airway pressure (CPAP) and bilevel positive airway pressure (BiPAP) supplies on a regular basis.
BRENTWOOD, Tenn. (November 21, 2018)—Numotion, a provider of complex rehab technology (CRT), has expanded its footprint in Tennessee with the acquisition of Carr Rehab, Inc. Carr Rehab has been serving customers in East Tennessee for more than 27 years, with locations in Knoxville and Johnson City.
ROSEVILLE, Calif. (November 21, 2018)—Always Best Care Senior Services, a senior care franchise system in the United States, announced that it has opened its newest franchise in Wallingford, Connecticut.
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DURYEA, Penn. (November 19, 2018)—Quantum Rehab has launched Interactive Assist, a new app that provides a direct real-time connection from a powerchair’s electronics to a provider’s programming station.
The connection provides the technician with full system and diagnostic information along with tools, such as a real-time mirror image of the powerchair’s electronics display, to eliminate wasteful service trips.
ANNAPOLIS JUNCTION, Md. (November 19, 2018)—Colfax Corporation, a diversified technology company, announced that it has entered into a definitive agreement to acquire DJO Global Inc. (DJO) from private equity funds managed by Blackstone for $3.15 billion in cash. DJO is a provider of orthopedic solutions, software and services spanning the full continuum of patient care, from injury prevention to rehabilitation.
WASHINGTON, D.C. (November 15, 2018)—CMS is soliciting comments on adding ventilators and back/knee braces to the product categories included in the next round of the bidding program.
WASHINGTON, DC (November 14, 2018)—The National Coalition for Assistive and Rehab Technology (NCART) organized a National CRT Congressional Call-In Day for Wednesday, November 14, to push for the passage of HR 3730 prior to year-end. NCART asked individuals and organizations to get the word out and participate.
BRENTWOOD, Tenn. (November 13, 2018)—Numotion announced its acquisition by an affiliate of AEA Investors LP. AEA acquired controlling interest in Numotion from LLR Partners and Audax Group. LLR Partners has reinvested in Numotion as a minority shareholder. The private equity firms are partnering with Numotion’s existing management team to help fund the company’s continuing growth initiatives. Harris Williams & Co. served as financial advisor to Numotion.
OVERLAND PARK, Kan. (November 13, 2018)—Breathe, an independent diagnostic testing facility (IDTF) that provides third-party testing for DME providers, announced the addition of capnography testing to its software platform.
The term capnography refers to the noninvasive measurement of the partial pressure of carbon dioxide (CO2) in exhaled breath expressed as the CO2 concentration over time. Capnography can detect respiratory depression and apnea.
AMSTERDAM (November 12, 2018)—Royal Philips announced the launch of a global initiative to celebrate everyday wins by patients, providers and caretakers regarding the management of chronic obstructive pulmonary disease (COPD). Launching on World COPD Day November 21, this awareness and celebratory campaign aims to help inspire COPD patients and their caregivers around ways to improve their overall quality of life.
SAN FRANCISCO (November 14, 2018)—Honor, a provider of homecare services company and founder of the Honor Care Network, announced the opening of the company’s second operations center to be located in Austin, Texas. The new 30,000 square foot operations center in North Austin will complement Honor’s current operations center in Concord, California, where the company manages its care operations.
WEST DES MOINES, IOWA (November 9, 2018)—Briggs Healthcare announced it has entered into a definitive agreement to acquire Selman-Holman & Associates. As a wholly-owned subsidiary of Briggs, Selman-Holman will continue to expand its education and compliance solutions for the home health industry.
LIBERTY LAKE, Wash. (November 8, 2018)—Two of Washington state’s largest homecare agencies, Seattle-based Family Resource Home Care and Spokane-based Family Home Care, announced completion of a merger that will make the combined entity one of the largest homecare providers in the nation. The new combined entity will retain the Family Resource Home Care name.
BRENTWOOD, Tenn. (November 6, 2018)—Numotion, a provider of complex rehab technology (CRT), has acquired the CRT division of Medsource, extending its reach and capabilities in Utah, Arizona, Nevada and Idaho. Medsource has been in business since 1989, providing custom mobility products to customers across the region.
SAN DIEGO (November 5, 2018)—ResMed announced it has signed a definitive agreement to acquire privately-held MatrixCare, a provider of long-term post-acute care software, serving more than 15,000 providers across skilled nursing, life plan communities, senior living and private duty.
KENILWORTH, N.J. (November 5, 2018)—Supportive information addressing the challenges faced by family caregivers of older adults will be highlighted on merckmanuals.com, an online medical reference, for National Family Caregivers Month in November.
(November 1, 2018)—Brightree-connected providers now have two additional functionalities at their service. Parachute Health and PlayMaker Health each announced integrations.