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 MyCellâ„¢ 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:6/23/2016)... 23, 2016 Research and Markets has ... 52" report to their offering. ... creates a favourable commercial environment for MedImmune to enter. The ... that will serve to drive considerable growth for effective anti-influenza ... to cap sales considerably, but development is still in its ...
(Date:6/23/2016)... Colombia , June 23, 2016  Astellas today announced the establishment of Astellas Farma Colombia (AFC), a new ... affiliate in Latin America . ... ... ... ...
(Date:6/23/2016)... -- Research and Markets has announced the ... (United States, China, Japan, Brazil, United Kingdom, Germany, France, ... Surgical Procedure Volumes: ... provides surgical procedure volume data in a geographic context. ... analysis of growth drivers and inhibitors, including world population ...
Breaking Medicine Technology:
(Date:6/25/2016)... TX (PRWEB) , ... June 25, 2016 , ... Austin ... of the American College of Mohs Surgery and to Dr. Russell Peckham for medical ... and highly effective treatment for skin cancer. The selective fellowship in Mohs Micrographic Surgery ...
(Date:6/25/2016)... ... June 25, 2016 , ... ... non-athletes recover from injury. Recently, he has implemented orthobiologic procedures as a method ... —Johnson is one of the first doctors to perform the treatment. Orthobiologics are ...
(Date:6/24/2016)... ... June 24, 2016 , ... June 19, 2016 is World ... with chronic pain and the benefits of holistic treatments, Serenity Recovery Center ... with Sickle Cell Disease. , Sickle Cell Disease (SCD) is a disorder of the ...
(Date:6/24/2016)... ... ... Comfort Keepers® of San Diego, CA is excited to announce they are ... drive cancer patients to and from their cancer treatments. Comfort Keepers provides quality ... and ongoing independence. Getting to and from medical treatments is one of the ...
(Date:6/24/2016)... Vegas, Nevada (PRWEB) , ... June 24, 2016 ... ... Las Vegas client, The Grove Investment Group (TGIG), has initiated cultivation and processing ... Grove, in Las Vegas and Pahrump, Nevada. , Puradigm is the manufacturer of ...
Breaking Medicine News(10 mins):