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Quipt Home Medical Receives Buyout Proposal from Forager Capital at 120% Premium
ByAinvest
Monday, Aug 25, 2025 9:10 am ET1min read
Forager Capital has proposed a buyout of Quipt Home Medical, offering $3.10 per share in cash, a 120% premium over the company's unaffected price of $1.41 as of May 19. The offer represents a 22% increase in Quipt's shares, and the proposal is not subject to due diligence.
Forager Capital has proposed a buyout of Quipt Home Medical (NASDAQ: QIPT), offering $3.10 per share in cash. This represents a 120% premium over the company's unaffected price of $1.41 as of May 19, 2025 [2]. The offer, which is not subject to due diligence, has led to a 22% increase in Quipt's shares, with shares trading up to $2.15 on Tuesday [1].Quipt Home Medical, which provides durable and home medical equipment and supplies in the United States, has seen its target price lifted by Canaccord Genuity Group from $1.70 to $2.30 [1]. The company has a consensus rating of "Moderate Buy" and an average target price of $3.15 among analysts [1].
Forager Capital, which holds 9.7% of Quipt Home Medical, submitted a fully financed proposal to acquire all outstanding shares for $3.10 per share [4]. The proposal includes a go-shop provision, allowing the board to seek superior offers after signing the deal. Forager believes its Acquisition Proposal delivers immediate and certain value to all shareholders [4].
The acquisition proposal is not subject to financing or due diligence and can be executed immediately [2]. Quipt Home Medical's shares have seen significant institutional interest, with large investors such as Geode Capital Management LLC, Wells Fargo & Company MN, and Northern Trust Corp increasing their stakes in the company [1].
References:
[1] https://www.marketbeat.com/instant-alerts/quipt-home-medical-nasdaqqipt-price-target-raised-to-230-at-canaccord-genuity-group-2025-08-19/
[2] https://seekingalpha.com/news/4488726-forager-capital-proposes-buyout-of-quipt-home-medical-shares-up-22
[3] https://www.marketscreener.com/news/quipt-home-medical-shareholder-forager-capital-makes-another-buyout-bid-ce7c50d8d88ef022
[4] https://www.nasdaq.com/press-release/forager-capital-management-submits-fully-financed-proposal-acquire-quipt-home-medical
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