AdaptHealth Corp. Acquires AeroCare Holdings, Inc.
December 1, 2020
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.
- Buyers
- AdaptHealth Corp.
- Targets
- AeroCare Holdings, Inc.
- Sellers
- Peloton Equity, SkyKnight Capital, SV Health Investors, Morgan Stanley AIP Private Markets, AeroCare management and employees
- Industry
- Healthcare Services
- Location
- Florida, United States
- Transaction Type
- Buyout
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