AdaptHealth is pleased to announce it has closed its acquisition of Massachusetts-based New England Home Medical Equipment (“NEHME”), furthering the growth and expansion of its diabetes division. Founded in 2015, NEHME is a leading supplier of CGM and diabetes management supplies throughout New England and the Northeastern United States. For the trailing twelve months ended September 30, 2020, NEHME generated net revenues of approximately $31 million.
New England Home Medical Equipment was formed in 2015 with the goal of being the caring, local provider of medical equipment and supplies. Many on our management team has been a caregiver for family members with chronic medical conditions, so we recognize and appreciate the challenges. Knowing this, we strive to make the process of getting needed therapies and supplies as easy as possible. It shouldn’t be another source of anxiety with everything else you have to deal with. New England Home Medical is committed to making a positive difference in your life. Thank you for allowing us the opportunity to be an important part of your care team.
The M&A market for healthcare companies continues to strengthen in 2020 and as we approach 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
