PLYMOUTH MEETING, Pa. – AdaptHealth has acquired Spiro Health, giving it 22 locations in eight states.
The Massachusetts-based Spiro Health was formed in 2020 with the merger of America’s HealthCare at Home, Cape Medical Supply and Health Complex Medical, and is headed up by CEO Gary Sheehan.
“We welcome Gary and the entire Spiro team’” said Josh Parnes, president, on a conference call to discuss the company’s financial results for the first quarter. “Gary and I have collaborated. He’s an innovative and well-respected advocate of the HME industry.”
The Spiro Health acquisition, completed in the second quarter, is AdaptHealth’s fifth so far in 2021. AdaptHealth completed four acquisitions in the first quarter, including Allina Health Home Oxygen & Medical Equipment, a provider in Minnesota with 10 locations.
The M&A market for healthcare companies continues to strengthen in 2021. There is unprecedented capital in market, the lowest interest rates in US history and strong acquirer motivations for high quality healthcare companies. Across the continuum of care, buyers and investors are looking for well established, profitable businesses and offering strong valuations and options for management.
Do you know the current market value of your business? We do! We are here to help you plan, prepare, explore and succeed in executing your strategic options.
Contact Paragon Ventures for more information.
www.paragonventures.com
800-719-1555
