Advent Home Medical Acquires Aeratech Home Medical

Advent Home Medical (New Harbor Capital Portfolio) Acquires RehabTech Supply Corporation dba Life Tech

March 8, 2022

Healthcare Services

Advent Home Medical, a New Harbor Capital portfolio company, has completed the acquisition of RehabTech Supply Corporation (dba Life Tech), a provider of high‑tech home respiratory equipment and services focused on highly acute pediatric patients. The deal expands Advent's Midwestern footprint and capabilities, combining two large home respiratory care businesses to better serve complex ventilator- and trach-dependent patients.

New Harbor Capital Makes Majority Investment in Advent Home Medical

March 11, 2021

Healthcare Services

New Harbor Capital has completed a majority investment in Advent Home Medical, a Pontiac, Michigan-based provider of at-home respiratory care, durable medical equipment (DME) and pharmacy services. New Harbor will partner with Advent's management to scale the company's clinical capabilities, expand within Michigan and pursue adjacent high-acuity home healthcare verticals as the founder transitions toward retirement.

Advent Home Medical Acquires Med Emporium

May 23, 2023

Healthcare Services

Advent Home Medical, a portfolio company of New Harbor Capital, has completed the acquisition of Charlotte-based Med Emporium, a regional provider of specialty respiratory care and home respiratory equipment. The add-on expands Advent's footprint across North Carolina, South Carolina, Georgia and Virginia and strengthens its capabilities in non-invasive ventilation and complex home respiratory care.

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 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.

Grant Avenue Capital Acquires Performance Home Medical

March 15, 2024

Healthcare Services

Grant Avenue Capital, a healthcare-focused private equity firm, has acquired Performance Home Medical (PHM), a regional provider of home respiratory and sleep therapy services headquartered in Kent, Washington. PHM operates 24 locations across Washington, Oregon and Idaho and plans to use the investment to expand geographically and grow both organically and via selective acquisitions; industry veteran Larry Mastrovich has joined PHM's board as chairman.