Navigation Links
Dynamic Healthcare Services Acquires Evanko Respiratory Inc., a Provider of Medical Equipment and Respiratory Therapy Products and Services in Hazleton, PA
Date:11/5/2012

HARRISBURG, Pa., Nov. 5, 2012 /PRNewswire/ -- Dynamic Healthcare Services, Inc. ("DHS") a portfolio company of GMH Ventures LLC ("GMH") announced today that it acquired Evanko Respiratory Inc. ("Evanko") of Hazleton, PA on September 7, 2012. The terms of the acquisition were not disclosed.

Evanko is a full service distributor of medical products and equipment including respiratory and sleep equipment and mobility products (with the exception of power wheelchairs).  Evanko was founded in 2001 by President Thomas J. Evanko, CRT. The company experienced significant growth and success under Mr. Evanko's leadership until his passing on April 5, 2012. Mr. Evanko's wife, Carmela, became President soon afterward and continued to run the business until the sale to DHS.

Evanko's strong, regional operation includes Schuylkill County, Carbon County, Luzerne County and parts of Columbia County, PA. The company's solid reputation of unrivaled customer service has created a loyal database of both customers and referral sources, which will be integrated with DHS's operations.

DHS was formed in 2000 as the parent company to Central Medical Equipment (Harrisburg) and East Suburban Medical Supply (Pittsburgh), which were originally incorporated in 1981. DHS has grown over the past decade to become a strong regional distributor and provider of home medical equipment, respiratory therapy products and services, and complex rehabilitation products and services in the western and central PA markets.  Today, DHS employs more than 80 employees with facilities throughout Pennsylvania.

"Evanko is perfectly positioned to provide opportunity for DHS growth in one of our strategic areas - Hazleton, PA," commented Terry Luft, President and CEO of DHS.  "Our experience, infrastructure and resources combined with Evanko's current position in the marketplace will allow us to take immediate advantage of growth opportunities in numerous locations in the Hazleton area," added Luft.  

Michael Holloway, Executive Vice President of GMH, stated, "Acquiring smaller but fiscally sound companies like Evanko under the DHS brand has been a strategic goal from the beginning of our partnership with DHS. GMH's capital support combined with DHS's well-established position in the HME space and Evanko's loyal clientele and strong customer service provides us the opportunity to continue our market expansion and fiscal growth in 2013." added Holloway. "We are currently looking to acquire other similar size organizations in the home medical equipment marketplace to grow our regional focus," finished Holloway.

About DHS:
DHS is a leading provider of home medical equipment, respiratory therapy products and services, along with complex rehabilitation products and services. Our commitment to our customers, superior products and outstanding service are what separates us from other medical suppliers and distributors.

About GMH Ventures:
GMH Ventures is a private equity group, headquartered in Newtown Square, PA. Founded by Gary M. Holloway, Sr. as a vehicle to make controlling equity investments in middle-market companies, GMH Ventures is committed to making long-term investments in companies in the manufacturing, distribution and services industries that have strong and experienced in-place management. Being solely owned, GMH Ventures has flexibility in its approach and strategy to purchasing, owning and operating its portfolio of companies and is constantly looking for new and exciting opportunities in which to invest. Learn more by visiting www.GMH-Ventures.com today.

 

 

 


'/>"/>
SOURCE GMH Ventures LLC
Copyright©2012 PR Newswire.
All rights reserved

Related medicine technology :

1. Sigma-Aldrich Enhances Customer Focus in China - Unveils Dynamic New Website and Expands Product Offering Through Vetec Brand
2. The Law Firm of Levi & Korsinsky, LLP Launches an Investigation into Possible Breaches of Fiduciary Duty by the Board of Directors of AngioDynamics Inc. in Connection with Executive Compensation
3. How to Create Dynamic Interactive Social Learning Spaces
4. CeeTox and Cellular Dynamics Collaborate to Offer Predictive In Vitro Test for Cardiotoxicity Using Human iPSC-derived Cells
5. Transonic Systems Selects Infinity Info Systems To Implement Microsoft Dynamics CRM To Drive Business Performance And Operational Excellence
6. Life Technologies and Cellular Dynamics International Partner for Global Commercialization of Novel Stem Cell Technologies
7. Cellular Dynamics Launches MyCell™ Services
8. Varian Medical Systems Management to Present at Jefferies 2012 Global Healthcare Conference
9. Varian Medical Systems Management to Present at Lazard Capital Markets 9th Annual Healthcare Conference
10. Dr Prem Honored With Prestigious Leadership Award for his Contribution in Global Healthcare & Medical Tourism Industry
11. MediSapiens to Provide Bayer HealthCare Pharmaceuticals With a New Cloud Computing Application to Analyze and Visualize Multi-Dimensional Genomics Data
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:6/24/2016)... , June 24, 2016   Pulmatrix, Inc ., ... developing innovative inhaled drugs, announced today that it was ... Investments reconstituted its comprehensive set of U.S. and ... "This is an important milestone for Pulmatrix," said Chief ... shareholder awareness of our progress in developing drugs for ...
(Date:6/23/2016)... 23, 2016 Research and Markets has ... - Forecast to 2022" report to their offering. ... for the patients with kidney failure, it replaces the function ... the patient,s blood and thus the treatment helps to keep ... in balance. Increasing number of ESRD patients ...
(Date:6/23/2016)... June 23, 2016 Roche (SIX: RO, ROG; ... for its Elecsys BRAHMS PCT (procalcitonin) assay as a ... septic shock. With this clearance, Roche is the first ... integrated solution for sepsis risk assessment and management. ... infection and PCT levels in blood can aid clinicians ...
Breaking Medicine Technology:
(Date:6/25/2016)... ... 2016 , ... The temporary closing of Bruton Memorial Library on June 21 due to a ... new, often overlooked aspect of head lice: the parasite’s ability to live away from a ... occurrence, but a necessary one in the event that lice have simply gotten out of ...
(Date:6/25/2016)... ... June 25, 2016 , ... On Friday, June 10, Van ... Wellness at Work award to iHire in recognition of their exemplary accomplishments in worksite ... 7th annual Maryland Workplace Health & Wellness Symposium at the BWI Marriott in Linthicum ...
(Date:6/24/2016)... ... ... was in a crisis. Her son James, eight, was out of control. Prone to extreme ... “When something upset him, he couldn’t control his emotions,” remembers Marcy. “If there was ... other children and say he was going to kill them. If we were driving ...
(Date:6/24/2016)... Rhinebeck, NY (PRWEB) , ... June 24, 2016 , ... Topical BioMedics, Inc, makers of ... of companies that call for a minimum wage raise to $12 an hour by 2020 ... wage. This will restore the lost value of the minimum wage, assure the wage floor ...
(Date:6/24/2016)... , ... June 24, 2016 , ... ... actively feeding the Frederick area economy by obtaining investment capital for emerging technology ... past 2½ years that have already resulted in more than a million dollars ...
Breaking Medicine News(10 mins):