trending Market Intelligence /marketintelligence/en/news-insights/trending/G0F-DNeLyegY0yYX_Iqo2g2 content
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *

* Required

In This List

Protech Home Medical to acquire Cooley Medical for C$3.1M

S&P Global Market Intelligence

Cannabis Hashing Out a Budding Industry

Segment

IFRS 9 Impairment How It Impacts Your Corporation And How We Can Help

The Market Intelligence Platform


Protech Home Medical to acquire Cooley Medical for C$3.1M

Protech Home Medical Corp. agreed to acquire Cooley Medical Inc. for a total cash consideration of about C$3.1 million and assumption of C$900,000 of debt.

Kentucky-based Cooley Medical provides respiratory services in eastern and central Kentucky and delivers 17,000 pieces of rental equipment to patients per year.

The acquisition will expand Protech's operations to an additional 34 counties in Kentucky, eight in Indiana and five in Virginia.

Following the acquisition, Protech, a healthcare services provider also based in Kentucky, expects about C$9 million increase in annual revenues and an increase in adjusted EBITDA between C$1.6 million and C$1.9 million.

Upon closing of the deal, Protech said it will have over C$9 million in cash for additional acquisitions.