TUCSON, Ariz., July 17, 2015 /PRNewswire/ -- Leading healthcare M+A advisory firm, Vertess (www.vertess.com), announced today the closing of two acquisitions by Patient Home Monitoring (www.phmhometesting.com) (PHM) (TSX VENTURE: PHM), a healthcare company with $200 million annualized revenue and a focus on diverse products and services that improve outcomes, reduce hospital readmissions, and help control costs.
Vertess represented the two separate durable medical equipment (DME) companies acquired, Legacy Oxygen, a Kentucky-based company with $3.5 million annual revenue, and Sleep Management, a Louisiana-based company with $45 million annualized revenue and operations in 19 states. PHM has since formally announced that it is initiating the process to graduate to the TSX Senior Exchange.
"We are continuing to strengthen our position as very successful M+A advisors for DME and related healthcare companies across the US," noted Bradley Smith, the Vertess Managing Director/Partner who represented both Legacy Oxygen and Sleep Management in the transactions. He added that, "There are outstanding opportunities for both sellers and investors in this marketplace."
Tom Schramski, PhD, CMAA, Founder and Managing Partner said, "Vertess has been growing rapidly and we have already exceeded our ambitious targets for 2015. We are quickly becoming one of the premier healthcare M+A firms in the country with a very strong value proposition for our clients."
For further information, please contact Tom Schramski at tschramski@vertess.com.
About Vertess
Vertess is a healthcare-focused M+A advisory firm with expertise in diverse healthcare and human service verticals, ranging from behavioral health and intellectual/developmental disabilities to DME, home care/hospice, urgent care, and other specialized services and products. The Vertess professional M+A team each have significant executive experience launching, building, and successfully exiting their own healthcare companies, giving them a unique understanding of the objectives of healthcare owners and executives.
Vertess advises and consults with middle market healthcare companies across the country and is in the process of establishing an international presence, including a new office in Mexico City, Mexico. Vertess is headquartered in Tucson, Arizona, with an additional office in Dallas/Ft. Worth. For more information visit www.vertess.com (http://www.vertess.com/).
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SOURCE Vertess