M&A Deal Summary

National HME Acquires Hospice Source

On December 5, 2023, National HME acquired medical products company Hospice Source from Transition Capital Partners

Acquisition Highlights
  • This is National HME’s 3rd transaction in the Medical Products sector.
  • This is National HME’s 3rd transaction in the United States.
  • This is National HME’s 1st transaction in Texas.

M&A Deal Summary

Date 2023-12-05
Target Hospice Source
Sector Medical Products
Buyer(s) National HME
Sellers(s) Transition Capital Partners
Deal Type Add-on Acquisition

Target

Hospice Source

Carrollton, Texas, United States
website
Hospice Source is a full-service provider of respiratory therapy and medical equipment (“DME”) focused exclusively on the hospice market. Hospice Source was founded in 1997 and is based in Carrollton, Texas.

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Buyer(S) 1

Buyer

National HME

Richland Hills, Texas, United States

website


Category Company
Founded 2006
Sector Medical Products
DESCRIPTION

National HME is a provider of outsourced medical equipment management solutions to the hospice market. National HME delivers medical equipment to hospice caregivers either directly through its full-service locations or through its credentialed network of local providers. The company also provides consolidated ordering and invoicing as well as data on utilization, cost trends, and network management for reporting and analytics. National HME was formed in 2006 and is based in Richland Hills, Texas.


DEAL STATS #
Overall 3 of 3
Sector (Medical Products) 3 of 3
Type (Add-on Acquisition) 3 of 3
State (Texas) 1 of 1
Country (United States) 3 of 3
Year (2023) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-07-12 Allcare Medical

Greenville, South Carolina, United States

Allcare Medical LLC is a provider of durable medical equipment ("DME") to hospice agencies in the Southeast. Allcare has established itself as the foremost service oriented provider throughout the states of South Carolina and Georgia.

Buy -

Seller(S) 1

SELLER

Transition Capital Partners

Southlake, Texas, United States

Investor Investor Investor Investor

website


Category Family Office
Founded 1993
Size Small
Type Sector Agnostic
DESCRIPTION

Transition Capital Partners is a private investment firm focused on leveraged recapitalizations of entrepreneurial service-based businesses. Transition generally looks for high-growth companies with $2 million to $8 million of EBITDA where the firm can help position the company for the next level of growth. Sectors of interest include healthcare services, non-asset based logistics, retail, alternative energy and services, security services, direct marketing, software, branded food/beverage, education, telecom, oil/gas services, and outsourcing. The Firm is affiliated with family office Patterson Thoma Investments. Transition Capital Partners was formed in 1993 and is based in Dallas, Texas.


DEAL STATS #
Overall 27 of 29
Sector (Medical Products) 1 of 1
Type (Add-on Acquisition) 8 of 8
State (Texas) 11 of 12
Country (United States) 27 of 29
Year (2023) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-06-22 Petroflex

Gainesville, Texas, United States

Petroflex manufactures superior quality, continuous length HDPE (High Density Polyethylene) conduit and accessories for the Electric Utility, Renewables (Wind & Solar), Irrigation, Telecommunications and Data/Voice industries. Petroflex was founded in 1983 and is based in Gainesville, Texas.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-01-16 Petroflex

Gainesville, Texas, United States

Petroflex manufactures superior quality, continuous length HDPE (High Density Polyethylene) conduit and accessories for the Electric Utility, Renewables (Wind & Solar), Irrigation, Telecommunications and Data/Voice industries. Petroflex was founded in 1983 and is based in Gainesville, Texas.

Sell -