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HME News 07/12/2019 13:37
07/12/2019. Theresa Flaherty. PLYMOUTH MEETING, Pa. – In the nearly 10 years that the HME industry has grappled with competitive bidding, AdaptHealth, formerly QMES, has found a way to grow, leading up to last week’s that it’s combining with DFB Healthcare Acquisitions Corp. and becoming a public company. The combined company, which will go by AdaptHealth Holding Corp. and which will be listed on the NASDAQ under a new ticker symbol, will have a value of $1 billion and a market capitalization of about $800 million. "Adapt is already a huge company," said Brad Smith, managing director/partner at Vertess, of the company, which serves more than 1 million patients annually through more than 150 locations across the country.
HME News 07/09/2019 11:18
07/09/2019. HME News Staff. PLYMOUTH MEETING, Pa. – AdaptHealth Holdings, an HME provider formerly known as QMES, will combine with DFB Healthcare Acquisitions Corp. and become a public company. Upon closing, DFB, a company sponsored by Deerfield Management and Richard Barasch, will change its name to AdaptHealth Holding Corp. and will remain listed on the NASDAQ under a new ticker symbol. Together, the two companies will represent an enterprise value of about $1 billion and a market capitalization of about $800 million. As part of the deal, Adapt’s management and major equity holders will roll their equity into the new company and the proceeds from that will be used to reduce debt and fund future growth and acquisitions. Adapt has identified.

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