AGÕæÈ˹ٷ½

STOCK TITAN

Viemed Completes Acquisition of Lehan's Medical Equipment Anticipates Updating its Full Year 2025 Outlook for the Acquisition with Second Quarter 2025 Financial Results

Rhea-AI Impact
(Moderate)
Rhea-AI Sentiment
(Negative)

Viemed Healthcare (NASDAQ:VMD) has completed the acquisition of Illinois-based Lehan's Medical Equipment for a base purchase price of $26 million, plus estimated contingent payments of $2.2 million. Lehan, with an 80-year history, generated $25.7 million in net revenues and $7.4 million in Adjusted EBITDA in 2024.

The acquisition strengthens Viemed's presence in post-acute respiratory healthcare, adding Lehan's three full-service locations in Northern Illinois and three sleep/CPAP setup locations in West Chicagoland and Wisconsin. Viemed plans to update its full-year 2025 guidance to reflect the acquisition's contribution when reporting Q2 2025 results.

[ "Acquisition adds $25.7M in revenue and $7.4M in Adjusted EBITDA from Lehan's 2024 performance", "Expands geographical footprint with 6 new locations in Illinois and Wisconsin", "Gains access to Lehan's preferred contracts and 80-year brand recognition", "Enhances service offerings with addition of women's health products and CPAP services" ]

Viemed Healthcare (NASDAQ:VMD) ha completato l'acquisizione della società con sede in Illinois, Lehan's Medical Equipment, per un prezzo base di acquisto di 26 milioni di dollari, oltre a pagamenti contingenti stimati per 2,2 milioni di dollari. Lehan, con una storia di 80 anni, ha generato 25,7 milioni di dollari di ricavi netti e 7,4 milioni di dollari di EBITDA rettificato nel 2024.

L'acquisizione rafforza la presenza di Viemed nell'assistenza respiratoria post-acuta, aggiungendo le tre sedi a servizio completo di Lehan nel Nord dell'Illinois e tre sedi per l'installazione di dispositivi per il sonno/CPAP nell'area di West Chicagoland e Wisconsin. Viemed prevede di aggiornare le previsioni per l'intero anno 2025 per riflettere il contributo dell'acquisizione nel rendiconto dei risultati del secondo trimestre 2025.

  • L'acquisizione aggiunge 25,7 milioni di dollari di ricavi e 7,4 milioni di dollari di EBITDA rettificato basati sulle performance di Lehan nel 2024
  • Espande la presenza geografica con 6 nuove sedi in Illinois e Wisconsin
  • Accede ai contratti preferenziali di Lehan e a una riconoscibilità del marchio di 80 anni
  • Migliora l'offerta di servizi con l'integrazione di prodotti per la salute femminile e servizi CPAP

Viemed Healthcare (NASDAQ:VMD) ha completado la adquisición de la empresa con sede en Illinois, Lehan's Medical Equipment, por un precio base de compra de 26 millones de dólares, más pagos contingentes estimados de 2,2 millones de dólares. Lehan, con una historia de 80 años, generó 25,7 millones de dólares en ingresos netos y 7,4 millones de dólares en EBITDA ajustado en 2024.

La adquisición fortalece la presencia de Viemed en la atención respiratoria post-aguda, añadiendo las tres ubicaciones de servicio completo de Lehan en el norte de Illinois y tres ubicaciones para instalación de dispositivos de sueño/CPAP en West Chicagoland y Wisconsin. Viemed planea actualizar su guía para todo el año 2025 para reflejar la contribución de la adquisición al reportar los resultados del segundo trimestre de 2025.

  • La adquisición añade 25,7 millones de dólares en ingresos y 7,4 millones de dólares en EBITDA ajustado según el desempeño de Lehan en 2024
  • Expande la presencia geográfica con 6 nuevas ubicaciones en Illinois y Wisconsin
  • Accede a contratos preferentes de Lehan y a un reconocimiento de marca de 80 años
  • Mejora la oferta de servicios con la incorporación de productos para la salud femenina y servicios CPAP

Viemed Healthcare (NASDAQ:VMD)ëŠ� ì¼ë¦¬ë…¸ì´ì£¼ì— 기반ì� ë‘� Lehan's Medical Equipmentë¥� 기본 매입가 2,600ë§� 달러ì—� ì¸ìˆ˜ 완료했으ë©�, 추가ë¡� 추정ë˜ëŠ” ì¡°ê±´ë¶€ 지급액 220ë§� 달러가 있습니다. Lehanì€ 80ë…„ì˜ ì—­ì‚¬ë¥� 가지ê³� 있으ë©�, 2024ë…� 순수ì� 2,570ë§� 달러와 ì¡°ì • EBITDA 740ë§� 달러ë¥� 기ë¡í–ˆìŠµë‹ˆë‹¤.

ì´ë²ˆ ì¸ìˆ˜ë¡� ViemedëŠ� 급성ê¸� ì´í›„ 호í¡ê¸� 치료 분야ì—서 ìž…ì§€ë¥� 강화하며, Lehanì� ì¼ë¦¬ë…¸ì´ ë¶ë¶€ì—� 위치í•� 3ê°œì˜ í’€ì„œë¹„ìŠ� ì§€ì ê³¼ West Chicagoland ë°� 위스콘신ì—� 있는 3ê°œì˜ ìˆ˜ë©´/CPAP 설치 ì§€ì ì„ 확보하게 ë˜ì—ˆìŠµë‹ˆë‹�. ViemedëŠ� 2025ë…� 2분기 ì‹¤ì  ë°œí‘œ ì‹� ì¸ìˆ˜ 효과ë¥� ë°˜ì˜í•˜ì—¬ 2025ë…� ì „ì²´ ê°€ì´ë˜ìŠ¤ë¥¼ ì—…ë°ì´íЏí•� 계íšìž…니ë‹�.

  • ì¸ìˆ˜ë¡� Lehanì� 2024ë…� ì‹¤ì  ê¸°ì¤€ 2,570ë§� 달러 매출 ë°� 740ë§� 달러 ì¡°ì • EBITDA 추가
  • ì¼ë¦¬ë…¸ì´ ë°� 위스콘신ì—� 6ê°œì˜ ì‹ ê·œ ì§€ì ìœ¼ë¡� ì§€ë¦¬ì  ë²”ìœ„ 확장
  • Lehanì� ìš°ì„  계약ê³� 80ë…� 브랜ë“� ì¸ì§€ë� 확보
  • 여성 ê±´ê°• 제품 ë°� CPAP 서비ìŠ� 추가ë¡� 서비ìŠ� 제공 ê°•í™”

Viemed Healthcare (NASDAQ:VMD) a finalisé l'acquisition de Lehan's Medical Equipment, basée dans l'Illinois, pour un prix d'achat de base de 26 millions de dollars, plus des paiements conditionnels estimés à 2,2 millions de dollars. Lehan, avec une histoire de 80 ans, a généré 25,7 millions de dollars de revenus nets et 7,4 millions de dollars d'EBITDA ajusté en 2024.

Cette acquisition renforce la présence de Viemed dans les soins respiratoires post-aigus, en ajoutant les trois sites à service complet de Lehan dans le nord de l'Illinois et trois sites d'installation de dispositifs de sommeil/CPAP dans l'ouest de Chicagoland et le Wisconsin. Viemed prévoit de mettre à jour ses prévisions pour l'année complète 2025 afin de refléter la contribution de l'acquisition lors de la publication des résultats du deuxième trimestre 2025.

  • L'acquisition ajoute 25,7 millions de dollars de revenus et 7,4 millions de dollars d'EBITDA ajusté basés sur la performance de Lehan en 2024
  • Étend la présence géographique avec 6 nouveaux sites dans l'Illinois et le Wisconsin
  • Accède aux contrats préférentiels de Lehan et à une reconnaissance de marque de 80 ans
  • Améliore l'offre de services avec l'ajout de produits pour la santé des femmes et des services CPAP

Viemed Healthcare (NASDAQ:VMD) hat die Übernahme des in Illinois ansässigen Unternehmens Lehan's Medical Equipment für einen Grundkaufpreis von 26 Millionen US-Dollar abgeschlossen, zuzüglich geschätzter bedingter Zahlungen in Höhe von 2,2 Millionen US-Dollar. Lehan, mit einer 80-jährigen Geschichte, erzielte im Jahr 2024 einen Nettoumsatz von 25,7 Millionen US-Dollar und ein bereinigtes EBITDA von 7,4 Millionen US-Dollar.

Die Übernahme stärkt Viemeds Präsenz im Bereich der postakuten Atemwegspflege und erweitert das Portfolio um Lehan's drei voll ausgestattete Standorte im Norden von Illinois sowie drei Schlaf-/CPAP-Einrichtungsstandorte im West Chicagoland und Wisconsin. Viemed plant, seine Prognose für das Gesamtjahr 2025 anzupassen, um den Beitrag der Übernahme bei der Berichterstattung der Ergebnisse für das zweite Quartal 2025 zu berücksichtigen.

  • Übernahme fügt basierend auf Lehan's Leistung 2024 einen Umsatz von 25,7 Mio. USD und ein bereinigtes EBITDA von 7,4 Mio. USD hinzu
  • Erweitert die geografische Präsenz um 6 neue Standorte in Illinois und Wisconsin
  • Erhält Zugang zu Lehan's bevorzugten Verträgen und 80-jähriger Markenbekanntheit
  • Erweitert das Serviceangebot durch Hinzufügung von Produkten für Frauengesundheit und CPAP-Dienste
Positive
  • None.
Negative
  • Requires $28.2M total investment including contingent payments
  • Integration costs and challenges may impact short-term performance

Insights

Viemed's acquisition of Lehan's at 3.8x EBITDA expands geographic footprint and service offerings with immediately accretive potential.

Viemed's $26 million acquisition of Lehan's Medical Equipment (plus $2.2 million in contingent payments) represents a strategic expansion that appears financially sound. At this price point, Viemed is paying approximately 3.8x EBITDA ($28.2 million total consideration divided by Lehan's $7.4 million EBITDA), which is a relatively attractive multiple in the healthcare services sector.

Lehan's $25.7 million in 2024 revenue came with impressive 28.8% EBITDA margins, suggesting a well-run operation that should contribute positively to Viemed's financial performance. The acquisition brings several strategic advantages:

  • Geographic expansion into Northern Illinois and West Chicagoland markets (including Wisconsin)
  • Diversification into women's health products, complementing Viemed's respiratory focus
  • Addition of an established brand with 80 years of market presence
  • Access to Lehan's existing payer contracts and fulfillment expertise

The fact that Viemed plans to increase its 2025 guidance when reporting Q2 results indicates management expects the acquisition to be immediately accretive. The company's ability to fund the purchase through a combination of cash on hand and existing credit facilities demonstrates financial flexibility without requiring new financing arrangements.

This acquisition aligns perfectly with Viemed's core business of post-acute respiratory care while simultaneously expanding its product portfolio and geographic reach. The combination of Viemed's national scale and care delivery model with Lehan's established regional presence creates potential for accelerated growth in these markets.

LAFAYETTE, LA / / July 2, 2025 / Viemed Healthcare, Inc. (the "Company" or "Viemed") (NASDAQ: VMD), an in-home clinical care provider of post-acute respiratory healthcare equipment and services in the United States, announced that it has completed the of Illinois-based Lehan's Medical Equipment ("Lehan") for a base purchase price of $26 million, subject to customary adjustments, plus estimated contingent payments of $2.2 million.

"We are pleased to close the acquisition of Lehan and bring this talented and highly motivated team into the Viemed family," said Viemed Chief Executive Officer Casey Hoyt. "Lehan's 80-year track record and brand recognition in a large and fast-growing market along with its preferred contracts and fulfillment expertise make for a powerful combination with our national scale, unique care delivery model and existing payer relationships to serve a broader patient population."

In 2024, Lehan generated net revenues of approximately $25.7 million and Adjusted EBITDA of approximately $7.4 million. See "Non-GAAP Financial Measures" for a discussion of Adjusted EBITDA. Viemed funded the acquisition through a combination of cash on hand and borrowings from its existing credit facilities. Viemed anticipates increasing its previously issued full-year 2025 guidance range to account for the expected contribution from this acquisition when it reports earnings results for the quarter ended June 30, 2025.

Lehan's Medical Equipment is a healthcare provider offering home medical equipment and products for women's health, including breast pumps. The organization specializes in promoting wellness through a variety of healthcare services. Lehan also provides rental, sales, and resupply of CPAPs and other respiratory devices, as well as sales of other medical equipment. Lehan currently has three full-service locations in the Northern Illinois area and three sleep/CPAP set up locations in the West Chicagoland area, including one in Wisconsin.

ABOUT VIEMED HEALTHCARE, INC.

Viemed is an in-home clinical care provider of post-acute respiratory healthcare equipment and services in the United States, including non-invasive ventilators (NIV), sleep therapy, staffing, and other complementary products and services. Viemed focuses on efficient and effective in-home treatment with clinical practitioners providing therapy, education and counseling to patients in their homes using high-touch and high-tech services. Visit our website at www.viemed.com.

For further information, please contact:

Investor Relations
[email protected]

Tripp Sullivan
SCR Partners, LLC
615-942-7077

Trae Fitzgerald
Chief Financial Officer
Viemed Healthcare, Inc.
337-504-3802

 

Forward-Looking Statements

Certain statements contained in this press release may constitute "forward-looking statements" within the meaning of the U.S. Private Securities Litigation Reform Act of 1995 or "forward-looking information" as such term is defined in applicable Canadian securities legislation (collectively, "forward-looking statements"). Often, but not always, forward-looking statements can be identified by the use of words such as "plans", "expects", "is expected", "budget", "potential", "scheduled", "estimates", "forecasts", "intends", "anticipates", "believes", "projects", or the negatives thereof or variations of such words and phrases or statements that certain actions, events or results "will", "should", "may", "could", "would", "might" or "will be taken", "occur" or "be achieved" or the negative of these terms or comparable terminology. All statements other than statements of historical fact, including those that express, or involve discussions as to, expectations, beliefs, plans, objectives, assumptions or future events or performance, including the Company's expectations about its acquisition of Lehan's Medical Equipment, such as contingent payments, anticipated benefits, and anticipated updates to the Company's 2025 financial guidance are not historical facts and may be forward-looking statements and may involve estimates, assumptions and uncertainties that could cause actual results or outcomes to differ materially from those expressed in the forward-looking statements. Such statements reflect the Company's current views and intentions with respect to future events, and current information available to the Company, and are subject to certain risks, uncertainties and assumptions. Many factors could cause the actual results, performance or achievements that may be expressed or implied by such forward-looking statements to vary from those described herein should one or more of these risks or uncertainties materialize. These factors include, without limitation: the general business, market and economic conditions in the regions in which the we operate; significant capital requirements and operating risks that we may be subject to; our ability to implement business strategies and pursue business opportunities; volatility in the market price of our common shares; the state of the capital markets; the availability of funds and resources to pursue operations; inflation; reductions in reimbursement rates and audits of reimbursement claims by various governmental and private payor entities; dependence on few payors; possible new drug discoveries; dependence on key suppliers; granting of permits and licenses in a highly regulated business; competition; disruptions in or attacks (including cyber-attacks) on our information technology, internet, network access or other voice or data communications systems or services; the evolution of various types of fraud or other criminal behavior to which we are exposed; difficulty integrating newly acquired businesses; the impact of new and changes to, or application of, current laws and regulations; the overall difficult litigation and regulatory environment; increased competition; increased funding costs and market volatility due to market illiquidity and competition for funding; critical accounting estimates and changes to accounting standards, policies, and methods used by us; and the occurrence of natural and unnatural catastrophic events or health epidemics or concerns, and claims resulting from such events or concerns, as well as other general economic, market and business conditions; and other factors beyond our control; as well as those risk factors discussed or referred to in the Company's disclosure documents filed with the U.S. Securities and Exchange Commission (the "SEC") available on the SEC's website at www.sec.gov, including the Company's most recent Annual Report on Form 10-K and Quarterly Report on Form 10-Q, and with the securities regulatory authorities in certain provinces of Canada available at . Should any factor affect the Company in an unexpected manner, or should assumptions underlying the forward-looking statements prove incorrect, the actual results or events may differ materially from the results or events predicted. Any such forward-looking statements are expressly qualified in their entirety by this cautionary statement. Moreover, the Company does not assume responsibility for the accuracy or completeness of such forward-looking statements. The forward-looking statements included in this press release are made as of the date of this press release and the Company undertakes no obligation to publicly update or revise any forward-looking statements, other than as required by applicable law.

Non-GAAP Financial Measures

This press release refers to "Adjusted EBITDA" which is a non-GAAP financial measure that does not have a standardized meaning prescribed by U.S. GAAP. The Company's presentation of Adjusted EBITDA may not be comparable to similarly titled measures used by other companies. Adjusted EBITDA is defined as net income (loss) before interest expense, income tax expense (benefit), depreciation and amortization, and other adjustments, including adjustments relating to the proposed acquisition of Lehan. Company management believes Adjusted EBITDA provides helpful information to analyze Lehan's operating performance, including a view of Lehan's business that is not dependent on the impact of Lehan's capitalization structure and the exclusion of items that are not part of Lehan's recurring operations, including the impacts of the Company's proposed acquisition of Lehan. Accordingly, Company management believes that Adjusted EBITDA provides useful information in understanding and evaluating Lehan's historical operating performance in the same manner as it analyzes the Company's operating performance.

SOURCE: Viemed Healthcare, Inc.



View the original on ACCESS Newswire

FAQ

How much did Viemed (VMD) pay for Lehan's Medical Equipment acquisition?

Viemed paid a base price of $26 million plus estimated contingent payments of $2.2 million, totaling approximately $28.2 million for the acquisition.

What was Lehan's Medical Equipment revenue in 2024?

Lehan's Medical Equipment generated net revenues of $25.7 million and Adjusted EBITDA of $7.4 million in 2024.

How many locations does Lehan's Medical Equipment have?

Lehan's has three full-service locations in Northern Illinois and three sleep/CPAP setup locations in the West Chicagoland area, including one in Wisconsin.

When will Viemed update its 2025 guidance to include the Lehan acquisition?

Viemed plans to update its full-year 2025 guidance when it reports Q2 2025 earnings results to account for Lehan's expected contribution.

What services does Lehan's Medical Equipment provide?

Lehan's provides home medical equipment, women's health products including breast pumps, CPAP and respiratory devices (rental, sales, and resupply), and other medical equipment sales.
Viemed Healthcare Inc

NASDAQ:VMD

VMD Rankings

VMD Latest News

VMD Latest SEC Filings

VMD Stock Data

275.88M
34.40M
13%
64.98%
0.74%
Medical Devices
Services-misc Health & Allied Services, Nec
United States
LAFAYETTE