RICHMOND, Va. – Home Care Delivered, a provider of diabetes, incontinence, wound, urological and ostomy supplies, has bought the DMEPOS supplier business unit of Medline Industries.
HCD says the strategic move will enhance its market presence, expand its geographical footprint and provide access to a broader customer base, while reinforcing its relationships with patients, health care plans and manufacturers.
“By integrating Medline’s DMEPOS supplier assets, we are accelerating our growth strategy, delivering an avenue for expanded cost-efficiencies and member adherence,” said Lowell Price, senior vice president of business development and chief growth officer of HCD. “This strategic move aligns with our commitment to delivering superior customer service, additional product offerings and ensuring reliable delivery to our members. HCD is well-positioned to continue to elevate customer experiences and reinforce our market presence.”
Medline says the deal will allow the company to focus on its core business of manufacturing and distributing medical supplies.
Home Care Delivered received a majority equity investment from BPOC, a Chicago-based private equity firm focused exclusively on the health care industry, in 2021.
In 2023, the M&A market for healthcare companies continues to build on STRATEGIC opportunities in the current market. The strategic corporate buyers and private equity investors remain committed to acquiring strong businesses that are well prepared for a transaction. Across the continuum of care, these buyers and investors are looking for well established, profitable businesses and offering prime 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.
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