- Healthcare distributor AdaptHealth Corp. ( NASDAQ: AHCO ) added ~8% in the pre-market Tuesday as the company is set to join the S&P SmallCap 600 before the market open on Aug. 04.
- The Plymouth Meeting, Pennsylvania-based supplier of home medical equipment and supplies will replace Meritor Inc. ( MTOR ).
- The S&P 500 constituent Cummins Inc. ( CMI ) has agreed to acquire Meritor ( MTOR ) in a deal expected to complete soon subject to the satisfaction of closing conditions.
- AdaptHealth ( AHCO ) shares rose in May after its director Matthew Ebbel and his SkyKnight Capital fund purchased company shares worth as much as ~$2.8M.
- Ahead of the insider purchase, AdaptHealth ( AHCO ) reported better than expected revenue for 1Q 2022 and announced an increase to the full year revenue guidance along with a $200M share buyback.
For further details see:
AdaptHealth gains ahead of addition to S&P SmallCap 600