The Private Equity and Healthcare teams advised AeroCare Holdings, Inc. on its definitive agreement to be acquired by AdaptHealth Corp. (NASDAQ: AHCO) for a total purchase price of approximately $2 billion, comprised of $1.1 billion in cash and 31 million shares of AdaptHealth. The combination of two industry leading technology platforms will position the combined company to lead the shift to connected healthcare and value-based arrangements.
AeroCare is a leading national technology-enabled respiratory and home medical equipment (“HME”) distribution platform in the United States and offers a comprehensive suite of direct-to-patient equipment and services including CPAP and BiPAP machines, oxygen concentrators, home ventilators, and other durable medical equipment products.
AdaptHealth is a leading provider of home healthcare equipment, medical supplies to the home and related services in the United States.
The Goodwin team was led by Stuart Rosenthal and Matthew Mauney and included Jim Barri.
Goodwin has advised AeroCare since 2009. Goodwin also counseled Peloton Equity Capital on its recapitalization of AeroCare.
For more details on the acquisition, read the press release.