AdaptHealth Goes Public

Plymouth Meeting-based HME distributor AdaptHealth Holding Corp is set to go public after obtaining a new investor, DFB Healthcare Acquisitions Corp., a special purpose acquisition company sponsored by Deerfield Management and Richard Barasch.

AdaptHealth was founded in 2012 and is the third-largest US distributor of home medical equipment. Their website offers both purchasing and renting equipment and specializes in respiratory and mobility equipment, including CPAP sleep equipment, oxygen equipment, wheelchairs, walkers, and hospital beds. Adapt serves over 1.0 million customers and performs 7,900 deliveries a day to over 150 locations.

Adapt uses an extensive and diverse network of referral sources, including sleep labs, pulmonologists, acute care hospitals, nursing facilities, and clinics. Adapt also has an attractive payor fix, comprised of Medicare, Medicaid, and other commercial insurers.

To read more about AdaptHealth going public, click here.