Quipt Home Medical Acquires 60% Stake in IRB Medical Equipment for $18 Million.

Quipt Home Medical Corp. has agreed to acquire a 60% stake in IRB Medical Equipment, LLC for $18 million. The acquisition is expected to close by the end of Fiscal Q4, 2025. IRB reported total revenue of $60 million and EBITDA of $7 million for the period ending June 30, 2025. The transaction is subject to customary closing conditions.

Quipt Home Medical Corp. (TSX: QIPT) has signed a definitive agreement to acquire a 60% stake in IRB Medical Equipment, LLC for $18 million. The acquisition is expected to close by the end of Fiscal Q4, 2025. IRB Medical Equipment, LLC reported total revenue of $60 million and EBITDA of $7 million for the period ending June 30, 2025. The transaction is subject to customary closing conditions, including approval by the lender to Quipt's existing credit facility.

The acquisition is part of Quipt's strategic expansion into the medical equipment market. The company will acquire a 60% ownership interest in Hart Medical Equipment, 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.

For the period ending June 30, 2025, IRB Medical Equipment, LLC reported total revenue of $60 million and EBITDA of $7 million. The transaction is expected to close by the end of Fiscal Q4, 2025, subject to customary closing conditions.

References:
[1] https://www.marketscreener.com/news/quipt-home-medical-corp-has-signed-a-definitive-agreement-to-acquire-60-stake-in-irb-medical-equip-ce7c51dadd8dff20