Tag: The Braff Group

PITTSBURGH – Kris Novak has joined The Braff Group as a managing director of home health, home care and hospice, where he will be responsible for the western United States, joining Mark Kulik, senior managing director of home health, home are and hospice, Eastern United States. Novak has 14 years of M&A experience in the home health industry, most recently at Amedisys, where he most recently served as senior vice president of mergers, acquisitions and integration. While at Amedisys, Novak led...

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...

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...

YARMOUTH, Maine – Owens & Minor’s anticipated acquisition of Apria Healthcare, announced earlier this month, follows the playbook of a deal generating synergies between buyer and “buyee,” but the companies have their work cut out for them, says Dexter Braff, president of the Braff Group.  “You’ve got two mammoth organization trying to find a way to work with one another to optimize these and leverage those opportunities,” he said. “It’s...

ATLANTA - Aveanna Healthcare, a provider of home health, hospice, private duty, medical supplies and respiratory therapy services, has acquired Loma Linda University Medical Center Family Care Agency. Aveanna has more than 200 locations in 25 states, serving more 50,000 children and adults daily. Earlier in April, Aveanna launched an initial public offering of about 38.2 million shares at $16 to $18 per share. The Braff Group originated the transaction and served as the exclusive...

YARMOUTH, Maine – The theme for buyers and sellers in 2021 is “respiratory, respiratory, respiratory,” said Don Davis, president of Duckridge Advisors.  Helping to drive that trend: AdaptHealth, which capped off a busy 2020 by announcing in December that it would acquire AeroCare, which specializes in CPAP, nebulizers, oxygen and ventilators, for nearly $2 billion in cash and shares.  “It’s perfect iteming – the demographics are there,...

YARMOUTH, Maine - After briefly hitting the pause button in March when “the world turned upside down,” buyers and sellers are back at the table, say M&A analysts. While the HME industry certainly took a few hits, unlike the restaurant and hospitality sectors, for example, it proved much more resilient in the face of a public health emergency, says Pat Clifford, managing director, home medical equipment, for The Braff Group. “DME is part of the solution for COVID,” he...

I caught up with Brad Smith, managing director and partner at Vertess, recently and he said the mergers and acquisition market for HME has been “a wild rollercoaster ride” amid the coronavirus pandemic. First, investors and buyers charged ahead, then they paused and then they stopped, he says. But by the end of April, Smith had a handful of deals scheduled to close in May. Investors and buyers were charging ahead again, with the pandemic as “the new normal.” “They...

YARMOUTH, Maine - Building on a handful of notable deals in late 2019, M&A analysts say they expect a strong 2020—at least to start. Among the most active in 2019 was AdaptHealth, which in the fourth quarter bought several sizable companies, including McKesson's Patient Care Solutions business, and became a public company. “There is money flowing and deals—good deals—are getting done,” said Don Davis, president of Duckridge Advisors. “I think the...

YARMOUTH, Maine - A flurry of M&A deals closed in the fourth quarter of 2018, making it one of the busiest quarters in the past several years, say analysts. A big reason for that: CMS's decision to pause competitive bidding for two years, while it makes substantive changes to the program. “Volume is up, inquiries are up,” said Don Davis, president of Duckridge Advisors. “There's a lull from Medicare (in competitive bidding) and people are thinking more about their...