AdaptHealth to acquire AeroCare for $2bn.

AdaptHealth, a provider of home healthcare equipment, medical supplies to the home and related services, agreed to acquire AeroCare, a national technology-enabled respiratory and home medical equipment distribution platform, for $2bn, with a cash consideration of $1.1bn, and 31m shares of AdaptHealth common stock. “Joining forces with AdaptHealth strengthens our combined ability to transform our industry and positively impact the lives of chronically ill patients across the country. I am very excited to partner with Luke, Josh and the AdaptHealth team to build an even stronger business, sharing best practices across each organization to drive operational efficiencies and create enhanced opportunities for our employees, patients, referral sources and other stakeholders,” Steve Griggs, AeroCare CEO.