Quipt Home Medical Corp. announced the acquisition of a full-service durable medical equipment (DME) provider wholly owned by Ballad Health. This acquisition is a strategic milestone, expanding Quipt's traditional acquisition model to form deeper partnerships with healthcare systems.
The acquired entity reported unaudited revenue of $6.6 million for the fiscal year ended June 30, 2025, serving over 12,500 patients annually across four branch locations in East Tennessee and Southwest Virginia. The transaction was completed using cash on hand.
In conjunction with the acquisition, Quipt entered into a preferred provider agreement with Ballad Health, an integrated health system comprising 20 hospitals. This agreement aims to facilitate seamless post-acute care coordination and embed Quipt into the care delivery model.
Management views this transaction as a template for future strategic growth, enabling a scalable playbook for partnerships with leading health systems across the country. The acquisition enhances Quipt's geographic footprint and diversifies its payer mix.
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