AdaptHealth buys Healthline

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Wednesday, March 4, 2020

PLYMOUTH MEETING, Pa. – AdaptHealth has acquired Healthline Medical Equipment, a provider with 13 locations across Forth Worth and Austin, Texas.

“The southeastern and southwestern United States remain attractive markets for AdaptHealth and we are thrilled to have the experienced and well-respected teams at Healthline join us to better serve these local communities,” said CEO Luke McGee.

Healthline, founded in 1998, will continue to operate under its current name and leadership team, led by Dewayne Andrus, Barbara Leech, Ed Sims and Michael Dick.

AdaptHealth says Healthline generated net revenues of about $30 million for the 12 in 2019.

“Including the addition of Healthline, we now expect net revenue for 2020 between $790 million and $808 million, EBITDA of $160 million to $164 million and adjusted EBITDA less patient equipment of $98 million to $101 million,” said AdaptHealth CEO Luke McGee.

AdaptHealth has also closed on its previously announced acquisition of Advanced Home Care’s HME businsess.