Buyer: Lincare Holdings
Seller: J&L Medical Services
Sector: HME, Medical Supply
Paragon Ventures Announces Sale of J&L Medical Services to Lincare Holdings
Strategic Acquisition Provides Expansion In New England Markets
Middlebury, CT – August 2018 Paragon Ventures announces the sale of J&L Medical Services to Lincare Holdings. J&L Medical Services is a provider of home respiratory and sleep therapy supplies and equipment operating from seven locations throughout Connecticut and Southwestern Massachusetts. The Company was founded in 2003 by John Loyer and Lynn Tata Plummer. In 2014, J&L was honored by being named “Best Respiratory Provider” in the nation, presented by HME News and the American Association for Homecare. John Loyer credits his exceptional staff for the success of J&L. “I am very proud to have worked with the best team who share a common goal; delivering equipment and services in a caring, competent and professional manner.” according to John Loyer, J&L’s Chief Executive Officer Lincare will continue the legacy of J&L Medical Services and maintain operations from J&L’s current locations while employing the majority of its staff. The terms of the transaction were not disclosed. This announcement also underscores Lincare’s focus on strategic growth opportunities including acquisitions that drive earnings growth and shareholder value. Paragon Ventures initiated the transaction and acted at the exclusive advisor to J&L Medical Services. The transaction team was led by April H. Mason, Managing Director of Paragon Ventures.
About Lincare Holdings Inc. Lincare Holdings Inc., headquartered in Clearwater, Florida, is one of the nation’s largest providers of oxygen and other respiratory therapy services to patients in the home. The Company provides services and equipment, operating from approximately 1,000 locations in 48 U.S. states and Canada, and employs approximately 11,000 people. In 2012, The Linde Group announced it would acquire Lincare for $4.6 billion. The Linde Group generates revenue exceeding EUR 17.047 bn, and is the largest gases and engineering company in the world with approximately 65,500 employees in 100 countries worldwide.
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.
What does this transaction mean for the strategic options for your healthcare business?
Contact Paragon Ventures for more information. www.paragonventures.com 800-719-1555