Quipt Home Medical acquires 60% of Hart Medical Equipment for ~$17-18M in joint venture with health systems

Quipt Home Medical Corp.

Hart generated ~$60M revenue, $7M Adjusted EBITDA for 12 months to June 2025; enterprise value $35M.
Quipt expects to consolidate Hart's financials; post-closing annualized run-rate revenue ~$300M.
Transaction adds 29 branch locations in Michigan and Ohio, serving over 67,000 patients monthly through 19+ hospital relationships.
Expected to close by end of fiscal Q4 2025 (Sept 30, 2025), subject to financing and customary conditions.

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