Quipt Home Medical Acquires Ballad Health-Owned DME Provider for $1.6M Plus AR and Inventory

Quipt Home Medical Corp.

Acquired a Ballad Health-owned DME provider with $6.6 million in annual revenue and 12,500 patients from four branches.
Purchase price of $1.6 million plus accounts receivable and inventory, funded from cash on hand.
Signed preferred provider agreement with Ballad Health covering 20 hospitals across Tennessee, Virginia, North Carolina, and Kentucky.
CEO Greg Crawford stated the deal creates a scalable playbook for health system partnerships nationwide.
Management expects the acquiree's Adjusted EBITDA margin to align with Quipt's historical range within two quarters.

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