BOISE, Idaho—Samaritan Health Services has completed the sale of its durable medical equipment business line, Samaritan Medical Supplies, to Norco Medical. Based in Boise, Idaho, Norco Medical is a provider of home medical supplies.
“We chose Norco for several reasons, but primarily because they are a well-established family- and employee-owned company based in the Northwest that is highly focused on the customers and its employees who serve them,” said Marty Cahill, CEO of Samaritan Lebanon Community Hospital and Samaritan Medical Supplies. “We anticipate that Norco will do an excellent job carrying on Samaritan’s tradition of personalized service.”
Norco plans to maintain the current Samaritan Medical Supplies locations in Corvallis, Lebanon and Newport as they integrate the service into their operations. During the transition Samaritan employees working at all four locations had the option of transitioning to Norco or seeking other employment opportunities within Samaritan.
Norco has been serving customers for 75 years and has more than 70 locations in seven Western states. Norco Medical accepts both Medicare and Medicaid as well as most other insurance plans. Norco Medical’s staff includes licensed respiratory therapists, home transition specialists, customer service, billing teams and they offer a 24-hour on-call emergency service.
For more information about Norco Medical’s products and services visit norco-inc.com.
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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