May. 12 at 3:41 PM
$VMD Viemed Healthcare, Inc. recently announced its agreement to acquire Lehan’s Medical Equipment, an Illinois-based provider specializing in home medical equipment for respiratory care and women’s health. Viemed's CEO, Casey Hoyt, emphasized Lehan's strong reputation and commitment to community engagement, which aligns with Viemed's growth strategy in the expanding healthcare market. Lehan, a family-owned business established in 1946, generated approximately
$25.7 million in revenue in 2024 and has a dedicated team of over 90 employees. The acquisition, valued at around
$26 million, is expected to close in Q3 2025 and will be funded through cash and existing credit facilities. This move diversifies Viemed's product offerings and strengthens its position in the healthcare sector. This acquisition is expected to be completed by the third quarter of 2025. I currently have a very small but growing position in these shares. Options are monthly.
https://www.lehansmedical.com