Quipt Acquires Healthcare System Owned Provider

Quipt Home Medical Corp., a company specializing in home medical equipment with a focus on respiratory care, has acquired a durable medical equipment provider previously owned by Ballad Health. This acquisition, representing $6.6 million in revenue, expands Quipt's traditional acquisition model through a preferred provider agreement with Ballad Health, encompassing 20 hospitals across four states. The purchase of the provider and the new agreement are seen as strategic steps towards deeper partnerships with healthcare systems, intended to simplify post-acute care coordination and enable scalable health solutions. Quipt paid $1.6 million plus accounts receivable and inventory for the acquiree, with expectations for the acquiree's EBITDA to align with Quipt's historical performance. This deal is strategically positioned to accelerate organic growth by enhancing referral channels and geographic density, helping Quipt establish a scalable partnership model for nationwide growth. Quipt's management emphasized the transaction's role in their long-term strategy to enhance in-home care delivery and shareholder value.