Paragon Ventures Announces Sale of Mendo Lake Home Respiratory Services
Lakeport, CA – Mendo Lake Home Respiratory Services has been acquired in a strategic transaction with Lincare. Mendo Lake Home Respiratory Services is a respiratory-focused full service durable medical equipment business located in Lakeport, CA, serving Lake, Mendocino and northern Napa counties. The Company is well known for delivering quality products, maintaining clinical excellence, and providing the highest quality customer service.
The Company was founded in 2006 by industry veterans Rob Gambill and Rick Gonzales, and employs dedicated respiratory therapists, equipment technicians and customer support staff.
Terms of the transaction were not disclosed. Paragon Ventures acted at the exclusive merger and acquisition advisor to Mendo Lake Home Respiratory Services. The transaction team was led by Samantha Lincoln, Managing Director of Paragon Ventures who commented “It was a pleasure to work both with Rob and Rick who share a common mission and drive for excellence and service.”
About Paragon Ventures
Paragon Ventures is the leading healthcare merger and acquisition advisory focused exclusively on strategic transactions for private mid-market healthcare companies. Since 1994, Paragon Ventures has advised thousands of healthcare business owners and successfully closed over 300 transactions across the continuum of healthcare.
While most industries were significantly challenged by the pandemic, many healthcare businesses got a shot in the arm. The pandemic triggered quantum leaps in innovation and expansion, resulting in robust P&L performance, strong balance sheets, and an increase in strategic M&A activity. The merger and acquisition markets for healthcare companies continue to accelerate at unprecedented levels. This transaction is another example of the robust activity and strategic opportunities occurring in the current market. The motivations behind this activity include projected increases in US capital gains taxes, unprecedented capital in the healthcare market, a volatile stock market, and low interest rates. Across the continuum of care, buyers and investors are looking for well established, profitable businesses and offering strong valuations and strategic options for management.
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