Allina Health is selling its HME division to AdaptHealth. The purchase includes Allina’s Home Oxygen & Medical Equipment Division, also known as HOME. “We are extremely proud of the work and commitment of our Home Oxygen & Medical Equipment staff,” said Lisa Shannon, president and COO of Allina Health. “We are excited about AdaptHealth’s deep industry expertise and resources to grow and invest in the division.” HOME has a showroom in St. Paul, Minn., and a presence in seven other cities in Minnesota.
Allina Health Home Oxygen & Medical Equipment (HOME) offers oxygen and durable medical equipment solutions to keep you safe, comfortable and independent in your home. The company operates out of nine location with experienced professionals. Showroom locations include Buffalo, Cambridge, Hutchinson, New Ulm, Owatonna, St. Paul and four metro hospital locations at Abbott Northwestern, Mercy, United and Unity hospitals. Most products and oxygen services are available for home delivery. Allina Health Home Oxygen & Medical Equipment is licensed to deliver prescription medical devices in Minnesota, Wisconsin and states that do not require out-of-state licensure. Deliveries are made by trained professional who are able to answer questions and provide instruction on proper use of equipment.
Allina Health Home Oxygen & Medical Equipment is accredited by the Community Health Accreditation Program, Inc. (CHAP). This shows compliance with Community Health Accreditation Program standards of excellence, but also quality standards set forth by the Centers for Medicare & Medicaid Services.
Allina Health is a not-for-profit health care system based in Minneapolis, Minnesota. Allina Health owns or operates 12 hospitals and more than 90 clinics throughout Minnesota and western Wisconsin.
AdaptHealth services about 1.8 million patients annually through its network of 269 locations in 41 states. The 3,700-employee company generated revenue of $529.6 million last year. AdaptHealth became publicly traded company in July 2019 after merging with DFB Healthcare Acquisitions Corp., a special purpose acquisition company that was already publicly traded and sponsored by Deerfield Management Inc. of New York.
The M&A market for healthcare companies continues to strengthen 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.
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