New Harbor Capital Makes Majority Investment in Advent Home Medical

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.

Intermountain Health Acquires Advent Home Health

September 6, 2023

Healthcare Services

Intermountain Health, a nonprofit hospital system based in Utah, has acquired Advent Home Health, a Las Vegas–based home health provider owned by Salvador Agonias and his family since 2008. M&A Healthcare Advisors (MAHA) represented the sellers during the transaction as Intermountain expands its provider services across the Southwest United States.

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.

Montgomery DME (Incline Equity) Acquires Advantage Home Medical Services

November 22, 2022

Healthcare Services

Montgomery DME, a portfolio company of Incline Equity Partners, acquired Advantage Home Medical Services (AHMS), a North Las Vegas-based provider of durable medical equipment for hospice patients. The transaction, advised by Generational Equity, closed on November 22, 2022 and expands Montgomery DME's hospice-focused DME footprint and capabilities.

Advent Home Medical Acquires Aeratech Home Medical

September 20, 2022

Healthcare Services

Advent Home Medical, a New Harbor Capital–backed provider of high‑tech home respiratory care, has completed the acquisition of Aeratech Home Medical, an Ohio and Indiana provider of home respiratory care and equipment technology. The add‑on expands Advent’s footprint into Ohio and Indiana, bringing Aeratech’s nine offices and ~1,000 patients into the Advent platform and advancing the combined companies’ capabilities in complex home respiratory care.

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.