Tag: Paragon Ventures

WAYNE, Pa. - Blake Pharmacy has sold to PharMerica, a national provider of pharmaceutical services, according to Paragon Ventures. Blake Pharmacy has established a strong presence in Florida and its sale to PharMerica will allow it to leverage resources, infrastructure and advanced technology platforms. “We are proud to join forces with PharMerica and embark on this exciting new chapter,” said Ashish Patel, founder and CEO of Blake Pharmacy. “By integrating our strengths and capabilities,...

YARMOUTH, Maine – Industry analysts see steady deal-making in 2023, with a variety of companies making buys in both typically hot markets like respiratory and newly hot markets like repairs, but with more of a focus on due diligence.  “I think the interest is at both the national level, as well as the larger regionals, aggressively pursuing acquisitions,” said Pat Clifford, managing director, home medical equipment, for The Braff Group. “There is acquisition appetite...

ENFIELD, N.H. – AdaptHealth has acquired Keene Medical Products, a respiratory-focused, full service DME business based here.  Founded in 1975, Keene has 132 employees with five locations in New Hampshire and four in Vermont.  “We are grateful that so many people have placed their trust in our teams of professionals and in our products and services,” said Kurt Filiault, owner. “We are proud of our reputation.”  Keene Medical Products was named...

YARMOUTH, Maine – A handful of recently announced deals underscores the continued appetite for home infusion companies propelled by the COVID-19 pandemic, say M&A analysts.  Option Care Health recently announced it acquired Wasatch Infusion and entered into an agreement to acquire Specialty Pharmacy Nursing Network.  “Option Care has been doing deals for 20 years and I don’t think that’s going to stop – they continue to fill out their geographic...

WASHINGTON – CMS has sent the DMEPOS proposed rule to the Office of Management and Budget for final review, AAHomecare reports.  A letter asking CMS to act on the rule, published a year ago, garnered 95 signatures from members of the House of Representatives, including champions on the influential Ways and Means and Energy and Commerce committees.  “Capitol Hill is starting to understand the market realities and new operational environment that suppliers and manufacturers...

ATLANTA – Finding new products, booking new business and making new connections was back in full swing at Medtrade East. “With the exhibitors and the attendees we have here, people are ready to get back to normal,” said Show Director York Schwab. “I think we’ve shown there is no substitute for face-to-face interaction.” The newly rebranded Medtrade East at the Georgia World Congress Center in Atlanta kicked off on Monday with a full day of educational sessions,...

WAYNE, Pa. – Paragon Ventures has announced a number of deals, including the acquisition of Marra’s Homecare, a family owned HME company specializing in respiratory and rehab equipment and services, by KPH Healthcare Services, a national provider of pharmaceutical and health care services.  Marra’s Homecare has grown to multiple locations throughout upstate New York.  Paragon has also announced the acquisition of OlyHealth/Olympia Respiratory Services, a provider...

TYLER, Texas – BioMatrix Specialty Pharmacy has acquired InfuCare, based here, adding a location in a key geographic area.  “We are pleased to welcome the InfuCare team as part of the BioMatrix family,” said Nick Karalis, CEO of BioMatrix. “A Texas pharmacy location is part of our strategic plan to expand our infusion services and increase access to covered lives. With complimentary core competencies and shared values of exceptional patient care, together we will improve...

Q. Is the timing right to sell my business?  A. This question sparked my interest because on the night of Dec. 21, 2020, the winter solstice, Jupiter and Saturn will form the “Great Conjunction.” They will be in alignment closer together – just 0.1 degree apart – than they have been in nearly 800 years. (They align every 20 years or so, but this is the closest.)  Only you and your adviser can assess your specific timing, but several “planets”...

Q. When selling my business, how can I know I'm getting the best value?A. To have confidence you're receiving the best value, consider the following: What constitutes value First, I want to emphasize that the best value may not necessarily be the best price. Value encompasses the entirety of the offer, including timing, price and form of consideration (ie. cash, stock, seller notes, earnout), as well as what happens to your brand, your team, your location, and how tied you are to the business going...