FORT WORTH, Texas—Apple Homecare Medical Supply, Inc., a Texas pediatric respiratory and enteral supply provider, was recently acquired by Minnesota-based Pediatric Home Respiratory Services, LLC (PHS), a multi-state provider of pediatric respiratory equipment, enteral nutrition, infusion nursing and pharmacy, homecare/private duty nursing and more. The transaction was facilitated by VERTESS, a healthcare mergers and acquisitions (M&A) advisory firm. The acquisition provides PHS further reach into the Texas pediatric home medical equipment market.
Apple HMS, headquartered in Richardson, Texas, has been a full-service home medical equipment/durable medical equipment (HME/DME) supplier specializing in pediatric acute care HME equipment and supplies since 1999. Its multiple established service locations across the state of Texas enables it to provide services to any locale.
PHS, headquartered in Roseville, Minnesota, currently operates in Minnesota, Wisconsin, Iowa, Kentucky, Ohio, Indiana, Missouri, Nebraska, Kansas and Texas. PHS is independent children’s home health care agency dedicated to helping children with medical complexities achieve their best lives at home and in their communities. Founded more than 30 years ago, they have established themselves as a Pediatric Center of Excellence (PCoE) to improve the quality of life for children and access to care in a manner that is family and patient-centered, customer service driven, clinically excellent, innovative, technologically advanced, ethically sound, sustainable and community-responsive.
“The synergy between Apple and PHS was clear from the beginning of discussions," said Brad Smith, VERTESS managing director/partner. "Both organizations recognized and appreciated the other’s dedication to improving the lives of a vulnerable population. Texas is greatly benefitting from the combined strengths of PHS and Apple.”
For more information, contact Vaughne Glennie at vglennie@vertess.com.
