MSC Biomedical Services has acquired Repair Authority, forming a combined business entity serving HME providers in all 50 states and holding more than 70 percent of the U.S. market for oxygen concentrator repairs.
The deal, which combines two of the oldest HME repair companies in the United States, forms the largest HME repair service provider in the country, according to a statement from MSC Biomedical Services.
“This acquisition solidifies MSC Biomedical as the definitive market leader in our space by repair volume, technician count, dealers supported, total square footage and customer satisfaction,” said Jonathan Hadley, CEO of MSC Biomedical Services. “This is the first step toward creating a true national repair network.”
The combined entity will continue to provide repairs of stationary and portable oxygen concentrators, CPAP and BiPAP devices, ventilators and other home respiratory equipment. It also holds Authorized Warranty Service Center contracts with Philips Respironics, ResMed, Invacare, Drive DeVilbiss, Nidek Medical, O2 Concepts and CAIRE.
Together, MSC Biomedical and Repair Authority can serve HME dealers in all 50 states with pickup and delivery routes in 20 states. The company will service HME dealers out of four locations: Fort Worth, Texas (MSC), Houston, Texas (MSC), Colorado Springs, Colo. (MSC), and Strongsville, Ohio (Repair Authority).
“We are thrilled to have the opportunity to join forces with a company with a reputation as stellar as MSC Biomedical’s,” added Jesse Keirn, CEO of Repair Authority. “Together, we’ll have a footprint that reaches across the United States, allowing us to serve large national and regional HME dealers, as well as smaller independent providers.”
In addition to Hadley and Keirn, the new entity’s executive team will include Dan Meyer as chief revenue officer and Jason Ziebro as chief operating officer.
The M&A market for healthcare companies continues to strengthen in 2022 ahead of projected increases in US capital gains taxes. 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.
800-719-1555
