CA - Viemed Healthcare agrees to acquire Tennessee-based Home Medical Products
2023-04-18 09:21:43 ET
- Viemed Healthcare ( NASDAQ: VMD ) agrees to acquire Tennessee based Home Medical Products, a large regional provider of respiratory focused home medical solutions.
- The deal is expected to close in June 2023 with a purchase price of ~$31.75M, adjusted for net working capital and other customary closing adjustments.
- Founder David Steele, Chief Executive Officer Jason Shiflet, and the HMP team are expected to join Viemed upon the completion of the transaction.
- Viemed expects to fund the acquisition through a combination of cash on hand and borrowings from its existing undrawn credit facilities.
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Viemed Healthcare agrees to acquire Tennessee-based Home Medical Products