On July 7, Quipt Home Medical Corp. announced that it was purchasing the durable medical equipment (DME) segment of Ballad Health.
Ballad Health is an integrated health system comprising 20 hospitals, post-acute care and behavioral health services and a large multi-specialty group physician practice. Ballad Health serves 29 counties of the Appalachian Highlands in Tennessee, Virginia, North Carolina and Kentucky.
Quipt Home Medical Corp. is a home medical equipment provider focused on end-to-end respiratory care. Quipt has 190,000 patients and 20,600 referring physicians, as well as more than 90 locations in 19 states. According to its full year 2024 financial reports, the company reported $245.9 million in revenue for the year.
This acquisition expands upon Quipt’s traditional acquisition model to form deeper partnerships with healthcare systems. The purchase price of $1.6 million plus the value of accounts receivable and inventory at closing represents a highly attractive valuation, structured with favorable terms that preserve Quipt’s conservative balance sheet.
According to data captured in the LevinPro HC database, this transaction represents the 58th Home Health & Hospice (HH&H) acquisition of the year, and the ninth in the DME specialty. Throughout 2024, there were 23 DME transactions.
