Buyer: SuperCare Health
Seller: Rick's Medical Supply
Sector: Medical Supply
Keywords: SuperCare Health, Rick's Medical Supply, Medical Supply, John Cassar
As reported to social media by CEO John Cassar, SuperCare Health has recently acquired Rick’s Medical Supply. Cassar offered the following statement:
“We’re excited to expand our network to the PNW with Rick’s Medical Supply! Together we bring nearly 100 years of experience in the medical supply and equipment industry. I’m thankful for this acquisition and what we have to offer as a team.”
Financial details of the transaction were not disclosed. Rick’s Medical Supply operates five locations throughout Oregon, including The CPAP Store and The Scrubs and More Store, four of which are now operated by SuperCare Health.
The M&A market for healthcare companies continues to strengthen in 2021 and ahead of the projected increases in US capital gains taxes. 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.
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