HARRISBURG, Pa., March 7, 2013 /PRNewswire/ -- Dynamic Healthcare Services, Inc. ("DHS"), a portfolio company of GMH Ventures LLC ("GMH"), announced today that it acquired the operating assets of APO2 of Hazleton, PA on February 5, 2013. The terms of the acquisition were not disclosed.
APO2 is a full service HME (Home Medical Equipment) company providing home oxygen delivery systems, CPAP, sleep apnea products, consumer power mobility products which include scooters as well as power wheelchairs. APO2 was founded in 2004 by its President William Pavlick and has experienced significant growth during each year of operation.
APO2 has a very strong presence in the Hazleton, PA market which will be integrated with DHS's Evanko Respiratory, Inc. ("Evanko") division which was acquired in September 2012.
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. During 2012, DHS announced the acquisitions of HomeTown Oxygen, Pittsburgh LLC ("HomeTown") and Evanko, both regional distributors of home medical equipment in the Pennsylvania market. DHS has increased its staff to over 100 employees with facilities throughout Pennsylvania with the recent acquisitions.
"Acquiring APO2 immediately expands our product offerings and market penetration in Hazleton." commented Terry Luft , President and CEO of DHS. "APO2's position in the marketplace, combined with the operations of our Evanko unit and our management experience, infrastructure and resources will allow us to continually take advantage of growth opportunities in the Hazleton area." added Luft.
Michael Holloway , President of GMH, stated, "Acquiring APO2 continues our strategic growth and acquisition plan of market expansion in the DME/HME space under the DHS brand. GMH's capital and management support combined with DHS's well-established position in the market place is a perfect fit for APO2's added product offerings and presence in the Hazleton, PA area. We are actively seeking to acquire other companies in the home medical equipment marketplace to expand our regional presence," finished Holloway.
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|
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