AdaptHealth completed the acquisition of ActivStyle and Solara Medical Supplies for $487m

AdaptHealth, a full-service home medical equipment company, completed the acquisition of ActivStyle, a distributor of consumable medical supplies, from The Riverside Company, for $62m, and to buy Solara Medical Supplies, a provider of medical devices, from Linden Capital Partners, for $425m. AdaptHealth received commitments for equity investments of $190m from One Equity Partners (in the form of common stock and non-voting stock) and $35m from funds managed by Deerfield Management. “As AdaptHealth seeks to provide more value to patients, healthcare professionals, and insurance payors managing chronic conditions in the home, we believe offering a more comprehensive solution for diabetes, including CGMs, is an important addition to our expanding suite of products. The acquisition of Solara allows AdaptHealth to add scale in CGM and other diabetes management supplies and offer enhanced care for our patients with co-morbidities like obstructive sleep apnea. We believe that Solara and ActivStyle will further AdaptHealth’s vision of becoming a leading provider of connected health solutions and care in the home,” Luke McGee, AdaptHealth CEO.