AdaptHealth Corp. (NASDAQ: AHCO) (“AdaptHealth” or the “Company”), the third largest provider of home medical equipment (“HME”) in the United States, today announced that it has acquired Healthline Medical Equipment, Inc. (“Healthline), a Texas-based provider of home medical equipment, and closed its previously announced acquisition of Advanced Home Care’s (“Advanced”) home medical equipment business. Healthline, which was founded in 1998, is a leading provider of home medical equipment to patients through its 13 branch locations across the greater Fort Worth and Austin areas. For the trailing twelve months ended December 31, 2019, Healthline generated net revenues of approximately $30 million. AdaptHealth is also pleased to announce the completion of the previously announced acquisition of Advanced Home Care, Inc. Advanced, which operates 23 branch locations in Georgia, North Carolina, South Carolina, Tennessee and Virginia, reported net revenues for the twelve months ended September 30, 2019 of $83 million.
Read the full article: AdaptHealth Corp. Acquires Texas-Based Healthline and Closes Previously Announced Acquisition of Advanced Home Care’s HME Business //
Source: https://www.businesswire.com/news/home/20200303005325/en/AdaptHealth-Corp.-Expands-Presence-Southeast-Southwest-United