AdaptHealth Acquires Spiro Health Services from Upstream Capital and NewSpring Capital

NewSpring Mezzanine and Upstream Capital Invest in Spiro Health

April 30, 2020

Healthcare Services

NewSpring Mezzanine (part of NewSpring) and Upstream Capital provided mezzanine debt and equity to support the merger of America's HealthCare at Home, Cape Medical Supply, and Health Complex Medical into a new platform called Spiro Health. The funding will be used to expand the combined company's geographic footprint, pursue organic growth and acquisitions, and build patient/referral partner technology and service capabilities in home medical equipment and respiratory/sleep care.

AdaptHealth Acquires Healthline Medical Equipment and Advanced Home Care HME Business

March 3, 2020

Healthcare Services

AdaptHealth Corp. (NASDAQ: AHCO) acquired Texas-based Healthline Medical Equipment, Inc. and completed the previously announced acquisition of Advanced Home Care’s home medical equipment (HME) business. The transactions expand AdaptHealth’s HME footprint across the Southeast and Southwest U.S., adding Healthline’s 13 branches and Advanced’s 23 branches and are expected to be immediately accretive to earnings.

Spiro Health Services Acquires Absolute Respiratory Care

November 5, 2020

Healthcare Services

Spiro Health Services, a PE‑backed home medical equipment and respiratory care platform, has acquired Absolute Respiratory Care (ARC), a Johnston, Rhode Island-based provider of sleep therapy solutions and respiratory equipment. The add-on expands Spiro’s geographic footprint across eight New England states and the District of Columbia and brings ARC’s wireless monitoring and telehealth capabilities into Spiro’s platform.

AdaptHealth Corp. Acquires AeroCare Holdings, Inc.

December 1, 2020

Healthcare Services

AdaptHealth Corp. agreed to acquire Orlando-based AeroCare Holdings for approximately $2.0 billion in a transaction consisting of about $1.1 billion in cash and 31 million shares of AdaptHealth stock. The deal, announced December 1, 2020 and closed February 2, 2021, expands AdaptHealth’s home medical equipment scale and geographic footprint—creating a combined company serving nearly 3 million patients from over 500 locations across 46 states.

BrightSpring Health Services Acquires Abode Healthcare

April 16, 2021

Healthcare Services

BrightSpring Health Services has completed the acquisition of Abode Healthcare, a Durango, Colorado–based provider of home health and hospice services that operates 41 branches across 12 states. The deal expands BrightSpring's home health and hospice footprint (combined coverage now spans 17 states) and keeps Abode CEO Mike McMaude in place to continue leading the business under the Abode and affiliate names.

Aspirion Health Resources Combines with Advicare

October 1, 2021

Healthcare Services

Aspirion Health Resources, a portfolio company of Aquiline Capital Partners, announced it has combined with Advicare, a clinical denial resolution firm. The deal closed on October 1, 2021 and expands Aspirion's revenue cycle management capabilities and client coverage across hospitals and health systems.