Business
AdaptHealth Expands Into Diabetes Segment With Accretive Acquisition of Leading Distributor Solara Medical Supplies
Additionally, Announces Accretive Acquisition of ActivStyle, a Home Medical Supply Provider Expands AdaptHealth’s leading in-home medical supplies platform
About this update from Adapthealth Corp.
[{"type":"text","content":"\nAdditionally, Announces Accretive Acquisition of ActivStyle, a Home Medical Supply Provider\n\n\n\nExpands AdaptHealth’s leading in-home medical supplies platform into the large and fast-growing diabetes and incontinence segments\n\n\nStrategic acquisitions further AdaptHealth’s vision of connected health solutions for chronic care in the home\n\n\nFinancially attractive transactions accretive to growth, earnings and cash flow\n\n\nCommitted equity investments by One Equity Partners and Deerfield Management, existing cash and lending agreements fund the purchases and position the company to pursue additional acquisitions\n\n\n PLYMOUTH MEETING, Pa.--(BUSINESS WIRE)--\nAdaptHealth Corp. (NASDAQ: AHCO) (“AdaptHealth” or the “Company”), a leading provider of home medical equipment, supplies and related services in the United States, announced today that it has entered into two separate definitive agreements to acquire San Diego, California based Solara Medical Supplies, LLC (“Solara”) and Minneapolis, Minnesota based ActivStyle, Inc. (“ActivStyle”).\n\n\nFounded in 2002, Solara is the largest independent distributor of continuous glucose monitors (“CGM”) in the United States and offers a comprehensive suite of direct-to-patient diabetes management supplies to patients throughout the country, including CGMs, insulin pumps and other diabetic supplies. The company maintains extensive relationships with leading national manufacturers, managed healthcare plans and is a registered pharmacy in all 50 states. Solara is currently owned by Linden Capital Partners, a leading healthcare-focused private investment firm.\n\n\nActivStyle is a leading direct-to-consumer supply company that provides incontinence and urology products to patients throughout the United States. The company currently serves patients in 48 states with a substantial presence in Illinois, Minnesota, Iowa, Ohio, Pennsylvania, Florida and Texas. ActivStyle maintains extensive relationships with leading manufacturers, allowing the company to leverage a strong supply chain to provide an array of products to patients, including Rely, its comprehensive private label incontinence product line. ActivStyle is currently owned by the Riverside Company.\n\n\n“As AdaptHealth seeks to provide more value to patients, healthcare professionals, and insurance payors managing chronic condi...