Home health care equipment supplier AdaptHealth to buy AeroCare in $2 billion deal
Montgomery County home health care equipment and supply provider AdaptHealth Corp. has agreed to acquire a Florida-based competitor in a deal valued at $2 billion.
Under the terms of the deal, AdaptHealth (NASDAQ: AHCO) of Plymouth Meeting will make a $1.1 billion cash payment to AeroCare Holdings of Orlando. AeroCare will also receive 31 million shares of AdaptHealth common stock. The shares are valued at $972.8 million based on Monday's closing price of $2 9.93.
AdaptHealth's stock opened up…
Source: bizjournals.com Health Care:Pharmaceuticals headlines - Category: Pharmaceuticals Authors: John George Source Type: news
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