April 3, 2020 – Baltimore, Maryland, Sandwich, Massachusetts and Waterbury, Connecticut – Spiro Health is pleased to announce the successful completion of the merger of America’s HealthCare at Home, Cape Medical Supply, and Health Complex Medical, and the formation of Spiro Health. The combined entity will have operations across seven states and the District of Columbia; Connecticut, Maine, Maryland, Massachusetts, New Hampshire, Rhode Island, and Virginia.
The company will have a diverse product offering, focused on total sleep health & wellness and respiratory care. The leadership of each organization will remain involved and make up the Spiro Health management team. Spiro Health’s focus will be on delivering a market leading patient experience in each market where it operates and on deploying leading technology solutions to provide its patients and partners a seamless experience when ordering home medical equipment and supplies (HME).
Each company will continue to operate under its existing name in each of its local markets (America’s HealthCare at Home, Cape Medical Supply, and Health Complex Medical) but under the umbrella of Spiro Health.
“HME providers operate in such a critical position in the care continuum between patient, physician, and payor,” commented Mark Kassir, President and CEO of America’s HealthCare at Home and newly appointed President (Mid-Atlantic) of Spiro Health. “Our goal in everything we do is to reduce the pain point for referral sources and patients and make their lives easier in the path toward better health and wellness.”
“I am proud to have Cape Medical Supply join this compelling platform of leading regional providers,” commented Gary Sheehan, President and CEO of Cape Medical Supply and newly appointed CEO of Spiro Health. “Our leadership team is wholly focused on building a best-in-class patient and referral partner experience, utilizing our collective experience and an innovative technology platform ready for robust growth.”
“The team at Health Complex Medical is excited to join forces with two high quality organizations to bring together more than 175 team members who are focused on building a national organization committed to providing an elevated level of service and products delivered to patients in the home. This is just the first step in our path to organic and acquisition growth,” stated Jack Hogan, President and CEO of Health Complex Medical and newly appointed President (New England) of Spiro Health.
About Spiro Health
Spiro Health is a new operating platform featuring three leading regional home medical equipment providers: America’s HealthCare at Home of Baltimore, Maryland; Cape Medical Supply of Sandwich, Massachusetts; and Health Complex Medical of Waterbury, Connecticut. Spiro Health’s leadership team consists of a strong group of seasoned industry executives who combine for more than 275 years of industry experience and are focused builders of leading businesses, a strong patient experience, and care programs with demonstrable value to the healthcare system at large. Spiro Health provides a diverse set of products and services within the markets it serves and specializes in sleep health & wellness and respiratory care.
The M&A activity across healthcare sectors continue to drive strong valuation and strategic options for business owners. Considering a sale, merger or recapitalization? If your business is ready, the market opportunities and strategic options in the current market are worthy of your consideration.
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