{"id":866754,"date":"2025-07-07T07:34:47","date_gmt":"2025-07-07T11:34:47","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/quipt-home-medical-acquires-healthcare-system-owned-medical-equipment-provider-with-6-6-million-in-revenue-and-signs-preferred-provider-agreement-covering-20-hospitals-across-4-states\/"},"modified":"2025-07-07T07:34:47","modified_gmt":"2025-07-07T11:34:47","slug":"quipt-home-medical-acquires-healthcare-system-owned-medical-equipment-provider-with-6-6-million-in-revenue-and-signs-preferred-provider-agreement-covering-20-hospitals-across-4-states","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/quipt-home-medical-acquires-healthcare-system-owned-medical-equipment-provider-with-6-6-million-in-revenue-and-signs-preferred-provider-agreement-covering-20-hospitals-across-4-states\/","title":{"rendered":"Quipt Home Medical Acquires Healthcare System Owned Medical Equipment Provider with $6.6 Million in Revenue, and Signs Preferred Provider Agreement Covering 20 Hospitals Across 4 States"},"content":{"rendered":"<div class=\"mw_release\">\n<p align=\"justify\">CINCINNATI, July  07, 2025  (GLOBE NEWSWIRE) &#8212; Quipt Home Medical Corp. (\u201c<strong>Quipt<\/strong>\u201d or the \u201c<strong>Company<\/strong>\u201d) (NASDAQ: QIPT; TSX: QIPT), a U.S. based home medical equipment provider, focused on end-to-end respiratory care, today announced it has acquired a full-service durable medical equipment (\u201c<strong>DME<\/strong>\u201d) provider, which is wholly owned by Ballad Health (the \u201c<strong>Acquiree<\/strong>\u201d). Ballad Health is a prominent integrated health system comprised of 20 hospitals, post-acute care and behavioral health services, and a large multi-specialty group physician practice. Ballad Health serves 29 counties of the Appalachian Highlands in Northeast Tennessee, Southwest Virginia, Northwest North Carolina and Southeast Kentucky. The Acquiree reported unaudited revenue of $6.6 million for the fiscal year ended June 30, 2025, serving over 12,500 patients annually through four branch locations across East Tennessee and Southwest Virginia.<\/p>\n<p align=\"justify\">This acquisition is a strategic milestone for Quipt as it expands upon Quipt\u2019s traditional acquisition model to form deeper partnerships with healthcare systems. In connection with the acquisition Quipt entered into a preferred provider agreement (the \u201c<strong>Preferred Provider Agreement<\/strong>\u201d) with Ballad Health aimed at facilitating seamless post-acute care coordination across the system\u2019s hospitals, further embedding Quipt into the care delivery model and enabling scalable population health solutions. The acquisition brings Quipt a highly synergistic operation with a comprehensive portfolio of respiratory, oxygen, mobility, and home medical products, and a strong diversified payer mix.<\/p>\n<p align=\"justify\">\n        <strong><br \/>\n          <u>Transaction Highlights:<\/u><br \/>\n        <\/strong>\n      <\/p>\n<ul type=\"disc\">\n<li style=\"text-align:justify\">The Acquiree 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.<\/li>\n<li style=\"text-align:justify\">Purchase price of $1.6 million plus the value of accounts receivable and inventory at closing, representing a highly attractive valuation and structured with favorable terms that preserve Quipt\u2019s conservative balance sheet.<\/li>\n<li style=\"text-align:justify\">Management expects the Acquiree\u2019s Adjusted EBITDA (defined below) margin to align with Quipt\u2019s historical range within two quarters, driven by operational efficiencies, and clinical workflow integration.<\/li>\n<li style=\"text-align:justify\">Preferred Provider Agreement signed with Ballad Health, an integrated health system operating 20 hospitals across Tennessee, Virginia, North Carolina, and Kentucky.<\/li>\n<li style=\"text-align:justify\">The Acquiree\u2019s service area is a region with a rapidly growing senior population (65+ age cohort expected to grow 10.2% by 2028).<\/li>\n<li style=\"text-align:justify\">Provides immediate post-acute referral access from 20 hospitals under the Preferred Provider Agreement, supporting smoother patient discharge and reduced readmissions.<\/li>\n<li style=\"text-align:justify\">Establishes a scalable health system partnership playbook for future transactions nationwide.<\/li>\n<li style=\"text-align:justify\">Expected to help accelerate organic growth post integration into Quipt\u2019s operating platform, enhanced referral channels, and geographic density.\n<\/li>\n<\/ul>\n<p>\n        <strong><br \/>\n          <u>Management Commentary<\/u><br \/>\n        <\/strong><br \/>\n        <strong>:<\/strong>\n      <\/p>\n<p align=\"justify\">\u201cAcquiring this Ballad Health owned medical equipment provider and concurrently entering into a Preferred Provider Agreement with Ballad Health exemplifies our commitment to creating lasting, system-wide healthcare partnerships that enhance the delivery of home-based care,\u201d said Greg Crawford, CEO and Chairman of Quipt. \u201cI anticipate that this transaction will help establish a scalable playbook that we can deploy across the country, partnering with leading health systems to integrate care, reduce readmissions, and support patients in the home setting. As we layer in our proven operating model, we see this unlocking meaningful organic growth across the region and providing a national roadmap for future expansion. \u201cWe view this as a template for future strategic growth, uniting Quipt\u2019s operational excellence and patient-first approach with health systems\u2019 market expertise and patient relationships. We are steadfast in executing our long-term growth strategy, re-igniting organic growth, and this healthcare-based DME acquisition and Preferred Provider Agreement is a prime example of our resolute focus on increasing long-term shareholder value.\u201d<\/p>\n<p align=\"justify\">Chief Financial Officer, Hardik Mehta added, \u201cThis transaction was completed using cash on hand at a very prudent purchase price. Post this transaction, we continue to maintain a very conservative balance sheet, allowing for financial flexibility on a go forward basis. The acquisition and Preferred Provider Agreement accelerates our penetration into underserved rural markets and builds on the Company\u2019s strategy of scaling through health system-aligned M&amp;A. Moreover, we are actively in discussions with other healthcare systems with the goal of becoming the partner of choice in home-based care transformation.\u201d<\/p>\n<p>\n        <strong>ABOUT QUIPT HOME MEDICAL<\/strong>\n      <\/p>\n<p align=\"justify\">The Company provides in-home monitoring and disease management services including end-to-end respiratory solutions for patients in the United States healthcare market. It seeks to continue to expand its offerings to include the management of several chronic disease states focusing on patients with heart or pulmonary disease, sleep disorders, reduced mobility, and other chronic health conditions. The primary business objective of the Company is to create shareholder value by offering a broader range of services to patients in need of in-home monitoring and chronic disease management. The Company\u2019s organic growth strategy is to increase annual revenue per patient by offering multiple services to the same patient, consolidating the patient\u2019s services, and making life easier for the patient.<\/p>\n<p align=\"justify\">\n        <em>Reader Advisories<\/em>\n      <\/p>\n<p align=\"justify\">\n        <em>Readers are cautioned that the financial information regarding the Acquiree disclosed herein is unaudited and derived as a result of the Company\u2019s due diligence, including a review of the acquisition\u2019s bank statements and tax returns.<\/em>\n      <\/p>\n<p align=\"justify\">\n        <em>There can be no assurance that any of the potential acquisitions in the Company\u2019s pipeline or in negotiations will be completed as proposed or at all and no definitive agreements have been executed. Completion of any transaction will be subject to applicable director, shareholder, and regulatory approvals.<\/em>\n      <\/p>\n<p align=\"justify\">\n        <em>Unless otherwise specified, all dollar amounts in this press release are expressed in U.S. \u200edollars.\u200e<\/em>\n      <\/p>\n<p align=\"justify\">\n        <em>Forward-Looking Statements<\/em>\n      <\/p>\n<p align=\"justify\">\n        <em>Certain statements contained in this press release constitute \u201cforward-looking statements\u201d within the meaning of the U.S. Private Securities Litigation Reform Act of 1995 or \u201cforward-looking information\u201d as such term is \u200e\u200e\u200e\u200e\u200e\u200edefined in applicable Canadian securities legislation (collectively, \u201cforward-looking statements\u201d). The words \u201cmay\u201d, \u201cwould\u201d, \u201ccould\u201d, \u201cshould\u201d, &#8220;potential\u201d, \u200e\u200e\u200e\u200e\u200e\u200e\u200e&#8221;will\u201d, &#8220;seek\u201d, &#8220;intend\u201d, \u201cplan\u201d, \u201canticipate\u201d, \u201cbelieve\u201d, \u201cestimate\u201d, \u201cexpect\u201d, \u201coutlook\u201d, or the negatives thereof or variations of such words, and similar expressions \u200e\u200e\u200e\u200e\u200eas \u200ethey relate to the Company, including: the Company\u2019s expectations for the impact of the Preferred Provider Agreement; management\u2019s expectations for the Acquiree\u2019s Adjusted EBITDA margin post closing and the timing of such results; and management anticipating that this transaction will help establish a scalable playbook that can be repeated and deployed across the country; are intended to \u200eidentify forward-looking statements. All statements \u200eother \u200ethan \u200estatements of \u200e\u200ehistorical fact, including those that express, or involve discussions as to, expectations, beliefs, plans, objectives, assumptions or future events or performance are not historical facts and may be forward-\u200elooking statements and may involve estimates, assumptions and uncertainties that could cause actual results or outcomes to differ materially from those expressed in the forward-looking statements. Such statements reflect the \u200eCompany&#8217;s \u200ecurrent \u200eviews and \u200e\u200eintentions with respect to future \u200eevents, and current information available to the \u200eCompany, and \u200eare \u200esubject to \u200e\u200ecertain risks, uncertainties and \u200eassumptions, including, without limitation: the \u200eCompany successfully identifying, \u200e\u200e\u200enegotiating and \u200ecompleting additional acquisitions; operating and other financial metrics maintaining their \u200e\u200ecurrent trajectories, the Company not being impacted by any further external and unique events like the Medicare \u200e\u200e75\/25 rate cut and the Change Healthcare cybersecurity incident for the remainder of 2025; and the \u200eCompany not being subject to a material change to it cost structure. Many \u200efactors could cause the actual \u200eresults, \u200e\u200eperformance or achievements that may be \u200eexpressed \u200eor implied by such \u200eforward-looking statements to \u200evary from \u200e\u200ethose described herein should one or more \u200eof these \u200erisks or \u200euncertainties materialize. Examples of such \u200erisk \u200efactors \u200einclude, without limitation: risks related \u200eto credit, market \u200e\u200e\u200e(including equity, commodity, foreign exchange \u200eand interest \u200erate), \u200eliquidity, operational \u200e\u200e(including technology \u200eand \u200einfrastructure), reputational, insurance, \u200estrategic, \u200eregulatory, legal, \u200eenvironmental, and \u200ecapital adequacy; the \u200e\u200egeneral business and economic conditions in \u200ethe regions \u200ein which the \u200eCompany operates; \u200ethe ability of the \u200e\u200eCompany to execute on key priorities, including the \u200esuccessful \u200ecompletion of \u200eacquisitions, \u200ebusiness retention, and \u200e\u200estrategic plans and to attract, develop and retain \u200ekey \u200eexecutives; difficulty \u200eintegrating \u200enewly acquired businesses; \u200e\u200ethe ability to implement business strategies and \u200e\u200epursue business opportunities; low \u200eprofit \u200emarket segments; \u200e\u200edisruptions in or attacks (including cyber-attacks) on \u200e\u200ethe Company&#8217;s information \u200etechnology, \u200einternet, network \u200e\u200eaccess or other voice or data communications systems or \u200e\u200eservices; the evolution of \u200evarious types \u200eof fraud or other \u200e\u200ecriminal behavior to which the Company is exposed; the \u200e\u200efailure of third parties to \u200ecomply with \u200etheir obligations to \u200e\u200ethe Company or its affiliates; the impact of new and \u200e\u200echanges to, or application of, \u200ecurrent \u200elaws and regulations; \u200e\u200edecline of reimbursement rates; dependence on few \u200e\u200epayors; possible new drug \u200ediscoveries; a \u200enovel business \u200emodel; \u200edependence on key suppliers; granting of permits \u200e\u200eand licenses in a highly \u200eregulated \u200ebusiness; legal proceedings and litigation, including as it relates to the civil \u200e\u200einvestigative demand (\u201cCID\u201d) \u200ereceived from the Department of Justice; \u200eincreased competition; \u200echanges in \u200eforeign currency rates; \u200eincreased \u200e\u200efunding costs and market volatility due to \u200emarket illiquidity and \u200ecompetition for \u200efunding; the \u200eavailability of funds \u200e\u200eand resources to pursue operations; \u200ecritical accounting \u200eestimates and changes \u200eto accounting \u200estandards, policies, \u200e\u200eand methods used by the Company; the Company\u2019s status as an emerging growth company and a smaller reporting company; the occurrence of \u200enatural and unnatural \u200ecatastrophic \u200eevents or health epidemics or concerns; as well as those risk factors \u200ediscussed or \u200e\u200ereferred to \u200ein the Company\u2019s disclosure \u200edocuments filed with \u200eUnited States Securities and Exchange \u200eCommission \u200e and \u200eavailable at www.sec.gov, including the Company\u2019s most recent Annual Report on Form 10-K, and with \u200ethe securities \u200eregulatory authorities in certain provinces of \u200eCanada and \u200e\u200e\u200eavailable at www.sedarplus.com. Should any \u200efactor affect \u200ethe Company in an unexpected manner, or \u200eshould \u200e\u200e\u200eassumptions underlying the forward-looking \u200estatement prove \u200eincorrect, the actual results or events may \u200ediffer \u200e\u200e\u200ematerially from the results or events predicted. \u200eAny such forward-\u200elooking statements are expressly qualified \u200ein their \u200e\u200e\u200eentirety by this cautionary statement. Moreover, \u200ethe Company \u200edoes not assume responsibility for the \u200eaccuracy or \u200e\u200e\u200ecompleteness of such forward-looking \u200estatements. The \u200eforward-looking statements included in this \u200epress release are made as of the date of this press \u200erelease and the \u200eCompany undertakes no obligation to publicly \u200eupdate or revise \u200e\u200e\u200eany forward-looking statements, \u200eother than as \u200erequired by applicable law\u200e.\u200e<\/em>\n      <\/p>\n<p align=\"justify\">\n        <em>Non-GAAP Financial Measures<\/em>\n      <\/p>\n<p align=\"justify\">\n        <em>This press release refers to \u201cAdjusted EBITDA which is a non-GAAP financial measures that does not have standardized meaning prescribed by generally accepted accounting principles in the United States (\u201cGAAP\u201d). The \u200eCompany\u2019s presentation of this financial measure may not be comparable to similarly titled measures used by \u200eother companies. This financial measure is intended to provide additional information to investors concerning \u200ethe Company\u2019s performance.\u200e<\/em>\n      <\/p>\n<p align=\"justify\">\n        <em>Adjusted EBITDA is calculated as net loss, and adding back depreciation and amortization, right-of-use operating lease amortization and interest, interest expense, net, provision for income taxes, certain professional fees, including those related to the CID, the loss of private issuer status, and proxy contests and other actions of activist shareholders, stock-based compensation, acquisition-related costs, change in fair value of derivative liability \u2013 interest rate swaps, loss on foreign currency transactions, and share of loss in equity method investment.<\/em>\n      <\/p>\n<p>For further information please visit our website at <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=OBXsU5s8u8eAO9BekWTpSB2OYbK9POjNGRDyEgrblLOX3JLYbZsQMJePhJfx3oEYYj9Smvzjv-fpESUJtqrUxHJkKcOkTVbK-kHlNgNwAnGprxp6bo6BXgYquQuiceSOabIDiNha7jZN6-WFjWHikT-PcxpLbcLf_mwf4RcQ7OZkYPxSZ79XfenDpJ4KcjnmcxQOuZmaVvXtlCLQOR6tzFJqKP0sUD2TE6N7qcgGhgPWuxJawx_uqOb3OTeYtEiyi8yQA2BDqeQchCLSrzPEtpC7HPFwVQ-ThOL6jzBvH4uLeIRMZYvZLVRSkIMixD1EOjY5xioXi-EFT-yruv4S2jS5WzIg9wW5uxUXH472E-JY-82d68e91USa2sm-Vv0kO1NCYzjMC8l6C1Lg9LZwQ5zNWw-0dBLC95NvDIlkZ1A=\" rel=\"nofollow\" target=\"_blank\">www.quipthomemedical.com<\/a>, or contact:<\/p>\n<p>Cole Stevens<br \/>VP of Corporate Development<br \/>Quipt Home Medical Corp.<br \/>859-300-6455<br \/><a href=\"https:\/\/www.globenewswire.com\/Tracker?data=uCWOcyXlyGeITm_0f8PyFqPttAa7GziiULE6szOlALQjciPpJBPIBhed3q7OZZyQflBJgpCtaOT-hsC07i1xnQ1HDOoqHhbS8TqMdtQpQSR3hBjvUicRuOhuDLhm0c17\" rel=\"nofollow\" target=\"_blank\">cole.stevens@myquipt.com<\/a><\/p>\n<p>Gregory Crawford<br \/>Chief Executive Officer<br \/>Quipt Home Medical Corp.<br \/>859-300-6455<br \/><a href=\"https:\/\/www.globenewswire.com\/Tracker?data=wahgHGbpGFJsPRLOkG5ikoRlPHOAyE1GkC1XA96raddKCh-rSdgLsS7V_hDVSlpgNhen4Beos-8f-n9-_roc05ZfLpQNS7O9mWCpIddt3enmfAJXWYiNg3CLwHWCA3QZ\" rel=\"nofollow\" target=\"_blank\">investorinfo@myquipt.com<\/a><\/p>\n<p>      <img decoding=\"async\" alt=\"\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=OTQ4OTU5NyM3MDMzMzQwIzIwODgwMDI=\" \/><br \/>\n      <br \/>\n      <img decoding=\"async\" alt=\"\" src=\"https:\/\/ml.globenewswire.com\/media\/Mjk5YzMzNTAtYTZiNi00NGNmLWIxN2QtNzhlNDQ1OWEyY2NiLTEwOTk1NzMtMjAyNS0wNy0wNy1lbg==\/tiny\/Quipt-Home-Medical-Corp-.png\" \/>\n    <\/div>\n<div class=\"mw_contactinfo\"><\/div>\n","protected":false},"excerpt":{"rendered":"<p>CINCINNATI, July 07, 2025 (GLOBE NEWSWIRE) &#8212; Quipt Home Medical Corp. (\u201cQuipt\u201d or the \u201cCompany\u201d) (NASDAQ: QIPT; TSX: QIPT), a U.S. based home medical equipment provider, focused on end-to-end respiratory care, today announced it has acquired a full-service durable medical equipment (\u201cDME\u201d) provider, which is wholly owned by Ballad Health (the \u201cAcquiree\u201d). Ballad Health is a prominent integrated health system comprised of 20 hospitals, post-acute care and behavioral health services, and a large multi-specialty group physician practice. Ballad Health serves 29 counties of the Appalachian Highlands in Northeast Tennessee, Southwest Virginia, Northwest North Carolina and Southeast Kentucky. The Acquiree reported unaudited revenue of $6.6 million for the fiscal year ended June 30, 2025, serving over 12,500 patients annually through four &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/quipt-home-medical-acquires-healthcare-system-owned-medical-equipment-provider-with-6-6-million-in-revenue-and-signs-preferred-provider-agreement-covering-20-hospitals-across-4-states\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Quipt Home Medical Acquires Healthcare System Owned Medical Equipment Provider with $6.6 Million in Revenue, and Signs Preferred Provider Agreement Covering 20 Hospitals Across 4 States&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-866754","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Quipt Home Medical Acquires Healthcare System Owned Medical Equipment Provider with $6.6 Million in Revenue, and Signs Preferred Provider Agreement Covering 20 Hospitals Across 4 States - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/quipt-home-medical-acquires-healthcare-system-owned-medical-equipment-provider-with-6-6-million-in-revenue-and-signs-preferred-provider-agreement-covering-20-hospitals-across-4-states\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Quipt Home Medical Acquires Healthcare System Owned Medical Equipment Provider with $6.6 Million in Revenue, and Signs Preferred Provider Agreement Covering 20 Hospitals Across 4 States - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"CINCINNATI, July 07, 2025 (GLOBE NEWSWIRE) &#8212; Quipt Home Medical Corp. (\u201cQuipt\u201d or the \u201cCompany\u201d) (NASDAQ: QIPT; TSX: QIPT), a U.S. based home medical equipment provider, focused on end-to-end respiratory care, today announced it has acquired a full-service durable medical equipment (\u201cDME\u201d) provider, which is wholly owned by Ballad Health (the \u201cAcquiree\u201d). Ballad Health is a prominent integrated health system comprised of 20 hospitals, post-acute care and behavioral health services, and a large multi-specialty group physician practice. Ballad Health serves 29 counties of the Appalachian Highlands in Northeast Tennessee, Southwest Virginia, Northwest North Carolina and Southeast Kentucky. The Acquiree reported unaudited revenue of $6.6 million for the fiscal year ended June 30, 2025, serving over 12,500 patients annually through four &hellip; Continue reading &quot;Quipt Home Medical Acquires Healthcare System Owned Medical Equipment Provider with $6.6 Million in Revenue, and Signs Preferred Provider Agreement Covering 20 Hospitals Across 4 States&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/quipt-home-medical-acquires-healthcare-system-owned-medical-equipment-provider-with-6-6-million-in-revenue-and-signs-preferred-provider-agreement-covering-20-hospitals-across-4-states\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2025-07-07T11:34:47+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=OTQ4OTU5NyM3MDMzMzQwIzIwODgwMDI=\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"9 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/quipt-home-medical-acquires-healthcare-system-owned-medical-equipment-provider-with-6-6-million-in-revenue-and-signs-preferred-provider-agreement-covering-20-hospitals-across-4-states\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/quipt-home-medical-acquires-healthcare-system-owned-medical-equipment-provider-with-6-6-million-in-revenue-and-signs-preferred-provider-agreement-covering-20-hospitals-across-4-states\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"Quipt Home Medical Acquires Healthcare System Owned Medical Equipment Provider with $6.6 Million in Revenue, and Signs Preferred Provider Agreement Covering 20 Hospitals Across 4 States\",\"datePublished\":\"2025-07-07T11:34:47+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/quipt-home-medical-acquires-healthcare-system-owned-medical-equipment-provider-with-6-6-million-in-revenue-and-signs-preferred-provider-agreement-covering-20-hospitals-across-4-states\\\/\"},\"wordCount\":1857,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/quipt-home-medical-acquires-healthcare-system-owned-medical-equipment-provider-with-6-6-million-in-revenue-and-signs-preferred-provider-agreement-covering-20-hospitals-across-4-states\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.globenewswire.com\\\/newsroom\\\/ti?nf=OTQ4OTU5NyM3MDMzMzQwIzIwODgwMDI=\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/quipt-home-medical-acquires-healthcare-system-owned-medical-equipment-provider-with-6-6-million-in-revenue-and-signs-preferred-provider-agreement-covering-20-hospitals-across-4-states\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/quipt-home-medical-acquires-healthcare-system-owned-medical-equipment-provider-with-6-6-million-in-revenue-and-signs-preferred-provider-agreement-covering-20-hospitals-across-4-states\\\/\",\"name\":\"Quipt Home Medical Acquires Healthcare System Owned Medical Equipment Provider with $6.6 Million in Revenue, and Signs Preferred Provider Agreement Covering 20 Hospitals Across 4 States - 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(\u201cQuipt\u201d or the \u201cCompany\u201d) (NASDAQ: QIPT; TSX: QIPT), a U.S. based home medical equipment provider, focused on end-to-end respiratory care, today announced it has acquired a full-service durable medical equipment (\u201cDME\u201d) provider, which is wholly owned by Ballad Health (the \u201cAcquiree\u201d). Ballad Health is a prominent integrated health system comprised of 20 hospitals, post-acute care and behavioral health services, and a large multi-specialty group physician practice. Ballad Health serves 29 counties of the Appalachian Highlands in Northeast Tennessee, Southwest Virginia, Northwest North Carolina and Southeast Kentucky. The Acquiree reported unaudited revenue of $6.6 million for the fiscal year ended June 30, 2025, serving over 12,500 patients annually through four &hellip; Continue reading \"Quipt Home Medical Acquires Healthcare System Owned Medical Equipment Provider with $6.6 Million in Revenue, and Signs Preferred Provider Agreement Covering 20 Hospitals Across 4 States\"","og_url":"https:\/\/www.marketnewsdesk.com\/index.php\/quipt-home-medical-acquires-healthcare-system-owned-medical-equipment-provider-with-6-6-million-in-revenue-and-signs-preferred-provider-agreement-covering-20-hospitals-across-4-states\/","og_site_name":"Market Newsdesk","article_published_time":"2025-07-07T11:34:47+00:00","og_image":[{"url":"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=OTQ4OTU5NyM3MDMzMzQwIzIwODgwMDI=","type":"","width":"","height":""}],"author":"Newsdesk","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Newsdesk","Est. reading time":"9 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/quipt-home-medical-acquires-healthcare-system-owned-medical-equipment-provider-with-6-6-million-in-revenue-and-signs-preferred-provider-agreement-covering-20-hospitals-across-4-states\/#article","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/quipt-home-medical-acquires-healthcare-system-owned-medical-equipment-provider-with-6-6-million-in-revenue-and-signs-preferred-provider-agreement-covering-20-hospitals-across-4-states\/"},"author":{"name":"Newsdesk","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"headline":"Quipt Home Medical Acquires Healthcare System Owned Medical Equipment Provider with $6.6 Million in Revenue, and Signs Preferred Provider Agreement Covering 20 Hospitals Across 4 States","datePublished":"2025-07-07T11:34:47+00:00","mainEntityOfPage":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/quipt-home-medical-acquires-healthcare-system-owned-medical-equipment-provider-with-6-6-million-in-revenue-and-signs-preferred-provider-agreement-covering-20-hospitals-across-4-states\/"},"wordCount":1857,"image":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/quipt-home-medical-acquires-healthcare-system-owned-medical-equipment-provider-with-6-6-million-in-revenue-and-signs-preferred-provider-agreement-covering-20-hospitals-across-4-states\/#primaryimage"},"thumbnailUrl":"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=OTQ4OTU5NyM3MDMzMzQwIzIwODgwMDI=","inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/quipt-home-medical-acquires-healthcare-system-owned-medical-equipment-provider-with-6-6-million-in-revenue-and-signs-preferred-provider-agreement-covering-20-hospitals-across-4-states\/","url":"https:\/\/www.marketnewsdesk.com\/index.php\/quipt-home-medical-acquires-healthcare-system-owned-medical-equipment-provider-with-6-6-million-in-revenue-and-signs-preferred-provider-agreement-covering-20-hospitals-across-4-states\/","name":"Quipt Home Medical Acquires Healthcare System Owned Medical Equipment Provider with $6.6 Million in Revenue, and Signs Preferred Provider Agreement Covering 20 Hospitals Across 4 States - 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