Buyer: Quadrant Medical Equipment Services
Seller: Continued Care of Long Island
Sector: HME, Home Care Equipment, Respiratory, Sleep, Enteral Nutrition
Continued Care of Long Island Acquired In Strategic Transaction
Provides Expansion In The Metropolitan New York Markets
Farmindale, NY – October 2018 Paragon Ventures announces the sale of Continued Care of Long Island (CCLI) to Quadrant Medical Equipment Services (QMES). Continued Care is a leading provider of home respiratory, sleep therapy, enteral nutrition and related medical equipment and supplies. Founded in 1982, Continued Care has grown over the years into one of the largest HME providers in its region. The Company operates out of four locations throughout the New York metropolitan area.
Continued Care’s CEO Dan DeSimone has driven the growth of the business by embracing technology to create efficiencies as the business scaled over the years. “We’ve been able to do more at a lower cost by going paperless.” said DeSimone. “That has helped to sustain our growth.” Dan also credited his exemplary staff for their hard work and dedication to patient care over the Company’s 36 year legacy. QMES will be integrating its existing metropolitan NY business with CCLI to provide additional scale and expansion opportunities. Paragon Ventures initiated the transaction and acted at the exclusive advisor to Continued Care. The transaction team was led by Jonathan Sadock, Managing Partner of Paragon Ventures.
About Quadrant Medical Equipment Services Quadrant Medical Equipment Services (QMES) is one of the nation’s largest providers of oxygen and other respiratory therapy services to patients in the home. QMES has grown through strategic acquisition including some of the nations most prominent providers including Landauer, MedStar, Miller Medical, Roberts Home Medical, First Choice and Pacific Pulmonary Services. The Company offers integrated services including Sleep Therapy, Respiratory Therapy, Mobility products, Wound Care, Non-invasive ventilation and Nutrition.
About Paragon Ventures Paragon Ventures is one of the nation’s leading specialists in the merger, acquisition and divestiture of private mid-market healthcare companies. Paragon specializes in the health care industries including all aspects of the pharmaceutical distribution, home health, hospice, respiratory care, infusion therapies, nursing services, medical manufacturing, distribution and related medical technologies. Paragon Ventures initiated the transaction and acted as the exclusive strategic advisor to the transaction.
For more information on the strategic options for your healthcare business, contact Paragon Ventures at 800-719-1555