Business
Viemed Executes Diversification Strategy With $26 Million Acquisition of Home Equipment Provider in Illinois
LAFAYETTE, La., May 06, 2025 (GLOBE NEWSWIRE) -- Viemed Healthcare, Inc. (the “Company” or “Viemed”) (NASDAQ: VMD), an in-home clinical care provider of post-acute respiratory healthcare equipment and services in the United States, announced that it has entered into a definitive agreement to acquire Illinois-based Lehan’s Medical Equipment (“Lehan”), a healthcare company offering home medical equipment with specialties in respiratory care and women’s health. “Operating for nearly 80 years, Lehan
About this update from Viemed Healthcare, Inc.
[{"type":"image","alt":"Viemed Healthcare, Inc.","displaySize":"","headline":null,"caption":"Viemed Healthcare, Inc.","className":"","disableSlideshowImg":false,"size":{"original":{"width":300,"height":125,"url":"https://media.zenfs.com/en/globenewswire.com/cc5a792726a74b70b3da7b0ed0a2cba1"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/mHuz1fZsfOPljMggXtiyQg--/YXBwaWQ9aGlnaGxhbmRlcjt3PTQyMDtoPTE3NTtjZj13ZWJw/https://media.zenfs.com/en/globenewswire.com/cc5a792726a74b70b3da7b0ed0a2cba1","width":300,"height":125}},"lazy":false},{"type":"text","content":"LAFAYETTE, La., May 06, 2025 (GLOBE NEWSWIRE) -- Viemed Healthcare, Inc. (the “Company” or “Viemed”) (NASDAQ: VMD), an in-home clinical care provider of post-acute respiratory healthcare equipment and services in the United States, announced that it has entered into a definitive agreement to acquire Illinois-based Lehan’s Medical Equipment (“Lehan”), a healthcare company offering home medical equipment with specialties in respiratory care and women’s health.","length":462,"tagName":"p"},{"type":"text","content":"“Operating for nearly 80 years, Lehan has established a well-deserved reputation for its expertise in home medical equipment with a particular emphasis on women’s health and a deep commitment to community engagement,” said Viemed Chief Executive Officer Casey Hoyt. “Lehan gives us a strong platform to execute our growth strategy in a large and fast-growing market with very familiar products. The acquisition also diversifies our product mix into maternal health that we expect to extend to our existing payer relationships across the country. This is a highly motivated and experienced team that has created tremendous brand equity, and we are pleased to join forces with them.”","length":681,"tagName":"p"},{"type":"text","content":"Founded in 1946 and headquartered in DeKalb, Illinois, Lehan’s Medical Equipment is a family-owned healthcare provider offering home medical equipment and products for women’s health, including breast pumps. The organization specializes in promoting wellness through a variety of healthcare services. Lehan also provides rental, sales, and resupply of CPAPs and other respiratory devices, as well as sales of other medical equipment. Lehan currently has three full-service locations in the Northern Illinois area and three sleep/CPAP set up locations in the West Chicagoland ar...