Hart Medical Equipment

Hart Medical Equipment

Post-discharge home medical equipment provider

Overview

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.

About Hart Medical Equipment

Simplify's Rating
Why Hart Medical Equipment is rated
B-
Rated B on Competitive Edge
Rated B on Growth Potential
Rated C on Differentiation

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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Simplify's Take

What believers are saying

  • Quipt closed Hart on March 16, 2026, unlocking Midwest expansion immediately.
  • Hart generated roughly $60 million revenue and $7 million EBITDA through June 2025.
  • Two-nine locations and e-commerce broaden reach beyond hospital discharges into recurring home supply sales.

What critics are saying

  • Quipt took Hart private March 16, 2026, reducing transparency and accountability.
  • Medicaid settlement adjustments and lender approval tied Hart’s $17 million deal to financing risk.
  • Respiratory DME reimbursement cuts or hospital referral shifts would hit Hart’s core volumes quickly.

What makes Hart Medical Equipment unique

  • Hart sits inside 19-plus hospital discharge flows across Michigan and Ohio.
  • TeleHart trains patients remotely, reducing setup friction after discharge.
  • Henry Ford, McLaren, and other systems keep Hart clinically embedded.

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Benefits

Remote Work Options

Growth & Insights and Company News

Headcount

6 month growth

0%

1 year growth

0%

2 year growth

0%
Quipt Home Medical
Aug 13th, 2025
Quipt Home Medical Partners With Three Major Health Systems to Form Strategic Joint Venture

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.

Finimize
Aug 12th, 2025
Quipt Home Medical Moves Into Michigan With Major Acquisition

Buying a 60% stake in Hart Medical Equipment opens new markets for Quipt and expands its hospital partnerships.

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