Central Medical Supply, a portfolio company of Osceola Capital, has acquired three hospice and home care equipment management companies: Helping Hands Medical Equipment, the hospice assets of Consolidated Medical Surgical Supply and PPD Homecare.
- Helping Hands, an Allentown, Pa.-based provider of DME management solutions to hospice agencies founded by Marty Falk, further expands Central Medical’s presence in eastern and central Pennsylvania.
- Consolidated Medical Surgical Supply, a New Windsor, N.Y.-based provider of DME management solutions to hospice agencies founded by Doug Crana, further expands Central Medical’s presence in upstate New York and Connecticut.
- PPD Homecare, a Mantua, N.J.-based provider of respiratory equipment and services founded by Guy Prasalowicz, expands Central Medical’s service offering and strengthens its footprint in New Jersey.
“We have known the founders and teams at Helping Hands, Consolidated Medical and PPD Homecare for a long time, and are thrilled to welcome them to the Central Medical family,” said Joe Sacco, founder and CEO of Central Medical. “We care deeply about our hospice partners and their patients, and these three businesses fit perfectly with our culture and vision for growth. These acquisitions further position Central Medical as the premier provider of hospice equipment management solutions in the Northeast, and we look forward to expanding our footprint organically and through acquisitions.”
Central Medical is a provider of outsourced equipment management solutions to the hospice industry. Its product offering includes hospital beds, wheelchairs, mobility equipment, respiratory equipment, oxygen supplies, bariatric products, orthotics and advanced wound care products.
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.
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