VIEMED HEALTHCARE, INC. (VMD): M&A transaction — Viemed completes $28M acquisition of Home Medical Products; guides Q2 rev $42.5M-$43.5M

VIEMED HEALTHCARE, INC.

Acquired HMP for ~$28M cash; funded by $15M cash on hand and $13M from existing credit facilities.
HMP serves ~45,000 active patients with ~180 employees in Tennessee, Alabama, and Mississippi.
Viemed expects Q2 2023 core net revenue of $42.5M-$43.5M, including one month of HMP revenue.
Acquisition closed June 1, 2023; expands product, payor, and geographic diversity.

item 2.01 item 2.03 item 1.01 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

M&A Transactions SEC 8-K Item 2.01/5.01 confidence 0.9

VIEMED HEALTHCARE, INC. completed an acquisition involving Home Medical Products, Inc. for approximately $28 million in cash (closed 2023-06-01).

Action: acquisition
Counterparty: Home Medical Products, Inc.
Consideration: approximately $28 million in cash
Closing: 2023-06-01

Exact text from the filing

HMP, Kevin Atkins and David Steele (collectively, the “Stockholders”). Viemed acquired from the Stockholders 100% of the equity ownership of HMP in exchange for approximately $28 million in cash, subject to customary post-closing net working capital and other adjustments. Approximately $15 million of the purchase consideration was funded by cash on hand, $8

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Source: SEC EDGAR

accession 0001729149-23-000086

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