Across the continuum of care, buyers and investors are looking for well established, profitable businesses and offering strong valuations and options for management.ĭo you know the current market value of your business? We do! We are here to help you plan, prepare, explore and succeed in executing your strategic options.Ĭontact Paragon Ventures for more information. There is unprecedented capital in market, the lowest interest rates in US history and strong acquirer motivations for high quality healthcare companies. Roughly 150 diagnoses are considered eligible for the service and range from congestive heart failure and pneumonia to dehydration, cellulitis and urinary tract infections. ![]() All of our products are backed by superior 24/7 customer service. Home Recovery Care provides hospital-level care to patients with acute, non-life-threatening medical conditions in the comfort of their own homes. The M&A market for healthcare companies continues to strengthen as we enter 2021. Prism Health Care Services carries a wide range of durable medical equipment to help people recover more quickly and stay safer and more independent in their homes while recuperating from surgery or a major medical event. We welcome our new colleagues to Team Schein and look forward to continued success together.” “Importantly, Prism and its management team is tightly aligned with Henry Schein’s strategy and culture, and we look forward to a smooth integration of this business. It also strengthens our relationships with the physicians who prescribe home medical supplies. “This partnership expands Henry Schein Medical’s continuum-of-care delivery model and allows us to move closer and to interact directly with patients. “Expanding beyond our core base of office-based physicians and entering the home health market has been a long-standing strategic goal of Henry Schein’s medical business, and with Prism we have the ideal partner with a strong brand and a complementary business model,” Henry Schein chairman & CEO Stanley M. Melville, N.Y.-based Henry Schein expects Prism to be neutral to its 2021 earnings per diluted share and accretive thereafter, with further financial terms remaining undisclosed. “We look to the future with excitement and optimism as part of Henry Schein Medical. ![]() “I am very proud of all that the team at Prism has accomplished, including our track record of organic revenue growth along with consistent increases in unique referral sources and new patients,” Cartwright said in the release. ![]() The company has more than 200 team members and collected net revenue for the 12 months ended Sept. Prism will operate as a subsidiary of Henry Schein Medical and will be managed separately as an individual division by founder & president Chris Cartwright. The transaction leads Henry Schein Medical to enter an established and growing market for such products. Henry Schein announced that it acquired a majority ownership position in home medical supply maker Prism Medical Products.Įlkin, N.C.-based Prism provides specialty home medical supplies with a core competency in advanced wound care products, according to a news release.
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