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Hart Medical Equipment provides durable medical equipment and related support services through a joint venture with major health systems in Michigan and Ohio. It offers items such as CPAP/BiPAP machines, oxygen, mobility aids, bathroom safety products, and diabetes, ostomy, and wound care supplies, which can be bought or leased from 29 locations or via an online platform and billed to Medicare and most insurers with a physician’s order. Its TeleHart telehealth platform delivers remote education and training to help patients use equipment safely after discharge. The company is embedded in discharge processes across more than 19 hospitals and affiliated facilities, helping clinicians coordinate referrals and ensure continuity of care.
Industries
Healthcare
Company Size
51-200
Company Stage
N/A
Total Funding
N/A
Headquarters
Grand Blanc, Michigan
Founded
N/A
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CINCINNATI, Aug. 12, 2025 (GLOBE NEWSWIRE) — Quipt Home Medical Corp. (“Quipt” or the “Company“) (NASDAQ: QIPT; TSX: QIPT), a U.S. based home medical equipment provider, focused on end-to-end respiratory care, today announced it has signed a definitive agreement with three major health systems and hospitals to form a joint venture. Pursuant to the definitive agreement, Quipt will acquire a 60% ownership interest in Hart Medical Equipment (“Hart“), with the remaining 40% interest collectively held by major health systems, Henry Ford Health, McLaren Health Care, Blanchard Valley Health System, Wood County Hospital and The Bellevue Hospital. This strategic transaction is expected to enhance Quipt’s presence in the Midwest, add deep healthcare system partnerships, and provide the Company with immediate entry into Michigan, a large and strategically important market, and new territories in Ohio.
Buying a 60% stake in Hart Medical Equipment opens new markets for Quipt and expands its hospital partnerships.
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Industries
Healthcare
Company Size
51-200
Company Stage
N/A
Total Funding
N/A
Headquarters
Grand Blanc, Michigan
Founded
N/A
Find jobs on Simplify and start your career today