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Protech Home Medical acquires 2 respiratory-focused companies

Protech Home Medical Corp. said it acquired Riverside Medical Inc. and Central Oxygen Inc., both focused on the respiratory business, for about $871,000.

The total consideration includes assumed debt and 1,137,456 common shares priced 14 cents apiece.

Protech Home Medical expects both acquisitions to be immediately accretive to revenue and EBITDA. Riverside Medical will provide it an entry point into Tennessee while Central Oxygen expands its operations in Indiana.