SG Homecare, a provider of HME and supplies, has acquired Western Drug Medical Supply, creating a platform to scale in Southern California.
The combined entity has more than $150 million in annual revenue and more than 500 employees.
“This is a transformative moment for both SG Homecare and Western Drug Medical Supply,” said Jay Wendt, CEO, SG Homecare. “We’re committed to a seamless integration, fostering a powerful platform for growth. By leveraging our combined size and resources, we will significantly expand our reach and ability to serve patients and partners across Southern California.”
SG Homecare’s portfolio now includes DME, respiratory solutions, mobility assistance, orthotics and prosthetics, and essential home care supplies.
“We are thrilled to join forces with SG Homecare,” said Haig Youredjian, president and CEO, Western Drug. “Together, we establish an unparalleled network of care, offering a wider range of products and expertise to patients and healthcare professionals throughout California.”
In 2024, 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.
Contact Paragon Ventures for more information.
800-719-1555
