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Quipt Home Medical
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Provides clinical respiratory equipment and services
Quipt Home Medical
Work Here?
Provides clinical respiratory equipment and services
Overview
Quipt Home Medical provides clinical respiratory equipment and related services to patients at home. It supplies devices such as home respiratory therapy equipment (for example, devices used to aid breathing) and takes care of ongoing support, maintenance, and supplies for patients who require at-home respiratory care. The way their products work is by delivering and setting up home-use equipment, monitoring customer needs, restocking consumables, and offering service to ensure the devices operate correctly and patients stay compliant with their treatment plans. Quipt differentiates itself from competitors through its rapid growth and a focus on comprehensive home respiratory care that combines equipment provisioning with ongoing clinical service and patient support. The company’s goal is to help patients with respiratory needs manage their conditions effectively at home by providing reliable equipment and continuous care.
About Quipt Home Medical
Industries
Company Size
201-500
Company Stage
Acquired
Total Funding
$115M
Headquarters
Wilder, Kentucky
Founded
1993
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Simplify's Take
What believers are saying
- The March 16, 2026 buyout delivered $3.65 cash per share and fresh capital.
- Hart joint venture adds immediate Midwest scale and hospital-system relationships.
- Private ownership can speed pricing, portfolio, and operational decisions without quarterly investor pressure.
What critics are saying
- Private-equity ownership prioritizes cash extraction and integration, threatening headcount after March 2026.
- Forager's rejected $3.10 bid and Radoff's activism exposed damaged governance credibility.
- Delisting and reporting termination reduce transparency, making performance scrutiny nearly impossible for job seekers.
What makes Quipt Home Medical unique
- Kingswood-backed Quipt became private on March 16, 2026, ending public-market distraction.
- Quipt focuses on end-to-end respiratory care across home medical equipment and therapy.
- Michigan and Ohio health-system partnerships through Hart expand integrated distribution and referral access.
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Funding
Total Funding
$115M
Above
Industry Average
Funded Over
3 Rounds
Benefits
Dental Insurance
Vision Insurance
Disability Insurance
Life Insurance
Paid Vacation
Paid Holidays
401(k) Company Match
Growth & Insights and Company News
6 month growth
↑ 37%1 year growth
↑ 37%2 year growth
↑ 37%DLA Piper advises Quipt Home Medical. On completion of take-private buyout. DLA Piper advised home medical equipment provider Quipt Home Medical (Quipt) on the company's successful take-private acquisition by affiliates of Kingswood Capital Management LP. The all-cash transaction is valued at an enterprise value of approximately US$260 million. The transaction positions Quipt to accelerate its growth as a leader in end-to-end respiratory care, expanding its reach into strategic markets and enhancing its ability to serve patients nationwide. Partners Robbie Grossman (Toronto) and Larry Nishnick (Los Angeles/San Diego) co-led a 55+ member cross-border DLA Piper team in the US and Canada. With more than 1,000 corporate lawyers globally, DLA Piper helps clients execute complex transactions seamlessly while supporting clients across all stages of development. The firm has been rated number one in global M&A volume for 15 consecutive years by Mergermarket and ranked number one in VC, PE, and M&A in combined global deal volume by PitchBook.
Radiocor. Finance. Quipt Home Medical agrees to be acquired in 260 mln usd deal.
A shareholder holding 4.9% of Quipt Home Medical is pushing the company to pursue a sale after the board rejected inbound interest. Bradley L. Radoff criticised the board for "poor execution and significant shareholder value destruction" in a statement on Friday. Radoff accused the board of diluting shareholders by awarding insiders approximately 6% of the company after receiving credible acquisition offers earlier this year. In August, shareholder Forager Capital offered to acquire all outstanding shares at $3.10 per share in cash. Radoff threatened to vote against every incumbent director at the 2026 annual meeting if the situation remains unchanged. The dispute highlights growing investor pressure on the medical equipment company's leadership and strategic direction.
Forager Capital Management, owning 9.7% of Quipt Home Medical, has proposed to acquire all outstanding shares of Quipt for $3.10 per share in cash. This offer, representing a 120% premium over Quipt's share price of $1.41 on May 19, 2025, is fully financed and requires no further diligence. Forager is open to improving the offer if the Board engages constructively and includes a go-shop provision for superior offers. The proposal will be filed as an exhibit to an amended Schedule 13D.
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.
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About Quipt Home Medical
Industries
Company Size
201-500
Company Stage
Acquired
Total Funding
$115M
Headquarters
Wilder, Kentucky
Founded
1993
Quipt Home Medical is Hiring for 226 Jobs on Simplify!
Find jobs on Simplify and start your career today