Quipt Home Medical Corp. (TSXV:QIPT) executed a non-binding letter of intent to acquire At Home Health Equipment, Inc. on November 16, 2021. As part of the proposed acquisition, Quipt would not assume any long term debt of At Home Health Equipment. At Home Health Equipment, Inc. reported unaudited trailing 12-month annual revenues of approximately $13 million ?and $1.6 million in net income. The acquisition adds to Quipt's active patient count by over 15,000, bringing Quipt's total to approximately 170,000 active patients. Closing of the acquisition is subject to final due diligence, final negotiation and execution of a definitive purchase agreement, all closing conditions being satisfied or waived and all necessary approvals and is expected to occur within the next 60 days of entering into the letter of intent. It is expected the acquisition will increase Quipt's post integration, adjusted EBITDA by $2.9 million (22% margin). The acquisition would be immediately accretive to Quipt's Adjusted EBITDA, overall profitability and would add approximately $13 million to the top-line and $1.6 million in net income.

Quipt Home Medical Corp. (TSXV:QIPT) completed the acquisition of At Home Health Equipment, Inc. for approximately $13.1 million on January 1, 2022. Under the terms of the definitive purchase agreement, Quipt acquired the At Home Health Equipment business in cash.