AdaptHealth (Nasdaq: AHCO) is focusing on strengthening its presence in the sleep, respiratory, and diabetes markets. The home medical equipment (HME) company is also focused on shedding some non-core assets, AdaptHealth executives said during the company’s Q2 earnings call. “We are evaluating non-core assets, rationalizing our footprint, and we are paying down debt,” CEO Suzanne Foster said during the call. “All these efforts are focused on increasing our free cash flow yield.” To that end, the company announced that it recently signed an agreement to sell certain Complex Rehab Technology assets to National Seating & Mobility, a North American seating and wheeled mobility provider.
Read the full article: AdaptHealth Divests Complex Rehab Technology Assets to National Seating and Mobility //
Source: https://hme-business.com/adapthealth-doubles-down-on-core-markets-divests-complex-rehab-technology-assets-to-national-seating-and-mobility/