M&A Deal Summary

AdaptHealth Acquires Pinnacle Medical Solutions

On December 3, 2020, AdaptHealth acquired medical products company Pinnacle Medical Solutions from The FSB Companies

Acquisition Highlights
  • This is AdaptHealth’s 4th transaction in the Medical Products sector.
  • This is AdaptHealth’s 7th transaction in the United States.
  • This is AdaptHealth’s 1st transaction in Mississippi.

M&A Deal Summary

Date 2020-12-03
Target Pinnacle Medical Solutions
Sector Medical Products
Buyer(s) AdaptHealth
Sellers(s) The FSB Companies
Deal Type Add-on Acquisition

Target

Pinnacle Medical Solutions

Southaven, Mississippi, United States
Pinnacle Medical Solutions is a patient-centric provider of technology-enabled diabetes management devices, including continuous glucose monitors and insulin pumps. Driven by its patient-first mindset, Pinnacle is committed to offering the latest technology and best customer experience available. Pinnacle Medical Solutions was formed in 2006 and is based in Southaven, Mississippi.

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Buyer(S) 1

Buyer

AdaptHealth

Plymouth Meeting, Pennsylvania, United States

Category Company
Sector Medical Products
Employees10,700
Revenue 3.2B USD (2023)
DESCRIPTION

AdaptHealth is a provider of home healthcare equipment, medical supplies to the home and related services. AdaptHealth provides a full suite of medical products and solutions designed to help patients manage chronic conditions in the home, adapt to life, and thrive. Product and services offerings include (i) sleep therapy equipment, supplies and related services (including CPAP and bi PAP services) to individuals suffering from obstructive sleep apnea, (ii) home medical equipment (HME) to patients discharged from acute care and other facilities, (iii) oxygen and related chronic therapy services in the home, and (iv) other HME medical devices and supplies on behalf of chronically ill patients with diabetes care, wound care, urological, ostomy and nutritional supply needs. AdaptHealth is based in Plymouth Meeting, Pennsylvania.


DEAL STATS #
Overall 7 of 8
Sector (Medical Products) 4 of 4
Type (Add-on Acquisition) 5 of 6
State (Mississippi) 1 of 1
Country (United States) 7 of 8
Year (2020) 5 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-12-01 Aerocare

Orlando, Florida, United States

Aerocare is a provider of oxygen, respiratory, sleep, and other chronic therapy services to patients in the home. AeroCare's patients typically suffer from the chronic obstructive pulmonary disease (COPD), obstructive sleep apnea (OSA), or congestive heart failure (CHF) and require in-home therapy services. Aerocare Holdings, Inc. was founded in 2000 and is based in Orlando, Florida.

Buy $2.0B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-02-23 OxygenWorks

Merion Station, Pennsylvania, United States

OxygenWorks provides a broad spectrum of respiratory equipment and supplies to patients in Pennsylvania, Delaware and New Jersey.

Buy -

Seller(S) 1

DESCRIPTION

The FSB Companies is a family office that looks to acquire and invest in a variety of growth oriented companies spanning real estate, agriculture, and other industries. The Firm takes a long-term investment approach and will consider opportunities throughout the US. The FSB Companies was formed in 2006 and is headquartered in Chicago, Illinois.


DEAL STATS #
Overall 1 of 2
Sector (Medical Products) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (Mississippi) 1 of 1
Country (United States) 1 of 2
Year (2020) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-10-31 Trading Technologies

Chicago, Illinois, United States

Trading Technologies creates professional trading software and solutions for a wide variety of users including proprietary traders, brokers, money managers, CTAs, hedge funds, commercial hedgers, and risk managers. It provides access to the world’s major international exchanges and liquidity platforms via its TT and X_TRADER trading platforms. Trading Technologies was formed in 1994 and is based in Chicago, Illinois.

Sell -