AdaptHealth Acquires ActivStyle from The Riverside Company

Sumitomo Corporation Acquires ActivStyle, LLC

May 7, 2025

Healthcare Services

Sumitomo Corporation, through its U.S. arm Sumitomo Corporation of Americas, acquired full ownership of ActivStyle, LLC, a St. Paul-based provider of insurance-covered home medical supplies for patients with chronic conditions. The acquisition expands Sumitomo's U.S. healthcare footprint and is intended to create synergies with its existing investment in Vast Medical Holdings/Quest through cross-selling of products and services.

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.

AdaptHealth Acquires Solara Medical Supplies from Linden Capital Partners

May 26, 2020

Healthcare Services

AdaptHealth Corp. has agreed to acquire Solara Medical Supplies, LLC from Linden Capital Partners, adding the largest independent U.S. distributor of continuous glucose monitors and other diabetes supplies to AdaptHealth's in-home medical supplies platform. The transaction is being funded with a combination of debt and equity commitments (including investments from One Equity Partners and Deerfield Management) and will see Solara's CEO Steve Foreman join AdaptHealth's leadership team.

The Riverside Company Invests in Independent Living Specialists (ILS)

April 6, 2020

Healthcare Services

The Riverside Company has made a growth investment in Independent Living Specialists (ILS), a Sydney-based retailer and distributor of mobility and homecare products. Riverside said the capital will support ILS's national expansion—both organically and via bolt-on acquisitions—and accelerate growth of its retail showrooms, clinically trained field force and online channels.

AdaptHealth Acquires Spiro Health Services from Upstream Capital and NewSpring Capital

September 13, 2022

Healthcare Services

AdaptHealth (NASDAQ: AHCO) has acquired Spiro Health Services, a New England-focused respiratory and sleep-focused home medical equipment (HME) provider formed from a merger of regional HME businesses. The acquisition expands AdaptHealth’s presence in New England and the Mid-Atlantic (Spiro operated 22 locations across eight states); Spiro was sold by PE investors Upstream Capital and NewSpring Capital.

Guardion Health Sciences Acquires Activ Nutritional, LLC (Viactiv) from Adare Pharmaceuticals

May 18, 2021

Consumer Products

Guardion Health Sciences, Inc. agreed to acquire all equity of Activ Nutritional, LLC — owner of the Viactiv supplement brand — from Adare Pharmaceuticals, Inc. for $26.0 million in cash (subject to adjustments). The acquisition is intended to strengthen Guardion's clinical nutrition product portfolio, expand its presence in the retail and e-commerce supplement market, and provide an immediate boost to revenue and operating earnings.