US-based home medical equipment provider AdaptHealth has acquired the Patient Care Solutions (PCS) business of McKesson.
The acquisition of PCS business adds urological and ostomy products to AdaptHealth’s home medical equipment (HME) product portfolio.
The deal is also expected to boost the company’s footprint in areas such as wound care, diabetic care, incontinence supplies and breast pumps.
AdaptHealth CEO Luke McGee said: “We believe that AdaptHealth PCS is an important component of AdaptHealth’s continued expansion of its HME supply business and will allow AdaptHealth to further enrich our product portfolio and offer our patients, healthcare professionals and commercial payor partners a truly robust suite of products.”
AdaptHealth first announced the deal to acquire the (PCS) business from McKesson Corporation in November last year. The total investment of AdaptHealth in PCS, including restructuring costs, is expected to be almost $30m.
AdaptHealth Patient Care Solutions president Rodney Carson said: “I am honoured to be joining AdaptHealth to lead the Patient Care Solutions business at this important moment in the company’s history.
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“I believe the company is well-positioned to successfully execute its role as a full-service provider of home medical equipment and supplies that places the highest priority on its patients and partners.”
McGee added: “Rodney is an experienced, proven and creative leader who brings to AdaptHealth PCS a record of success in building businesses, enhancing customer experiences and driving operational efficiencies.
“He is an ideal choice to help implement our growth strategies and we are excited to welcome him to our team.”
The products and service offerings by AdaptHealth include sleep therapy equipment, such as CPAP and BiPAP machines and supplies, respiratory equipment including oxygen, invasive and non-invasive ventilation, mobility equipment, wheelchairs, walkers and hospital beds.
As of 30 September last year, AdaptHealth serviced more than one million patients annually in 49 states through a network of 189 locations.