Quipt Home Medical, Corp.

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Quipt Home Medical, Corp. - overview

Location

Wilder, KY, US

Primary Industry

Healthcare

About

Quipt Home Medical Corp. is a US-based provider of home healthcare solutions, specializing in durable medical equipment, respiratory therapy products, and home medical supplies tailored to enhance the quality of life for patients requiring ongoing medical assistance. Quipt Home Medical Corp. operates in the home healthcare sector, providing essential medical products and services.


The company has undergone strategic changes to enhance its growth potential. Located in Wilder, US, it was recently acquired by Kingswood Capital and Forager Capital Management in a public-to-private deal in December 2025, with undisclosed financial terms. The acquisition aims to strengthen Quipt's healthcare platform and accelerate its growth under private ownership. Quipt Home Medical specializes in offering a variety of home healthcare products and services that cater to patients needing medical assistance.


Its primary offerings include durable medical equipment (DME), respiratory therapy products, and other home medical supplies, which support patients dealing with chronic conditions, post-surgery recovery, and age-related health issues. Quipt serves individuals and healthcare institutions across the US and Canada, focusing on regions where healthcare needs are pronounced. Quipt Home Medical generates revenue through direct sales of medical equipment and home healthcare supplies, targeting both individual consumers and institutional clients such as hospitals and rehabilitation centers. The sales model involves direct-to-consumer transactions, allowing patients and their families to purchase or rent equipment according to their medical requirements.


Partnerships with healthcare providers streamline the acquisition process for necessary medical supplies, with pricing varying based on product type and patient needs. Quipt emphasizes high-quality products and customer service to build long-term relationships with clients, supporting ongoing revenue through repeat business and referrals. Following the acquisition in December 2025, Quipt Home Medical Corp. plans to strengthen its home healthcare platform and focus on expanding its product offerings.


The company aims to launch new medical products specifically targeted at enhancing patient care. Additionally, it intends to explore new geographic markets to reach more patients in need of home healthcare solutions. The recent funding from the acquisition will be utilized to support these growth initiatives, ensuring that Quipt can continue to meet the evolving demands of the healthcare industry.


Primary Industry

Healthcare

Sub Industries

Home Healthcare, Nursing Homes & Assisted Living, Therapeutic Devices, Medical Supplies

Website

www.quipthomemedical.com/

Company Stage

Mature

Total Amount Raised

Subscriber access only

Quipt Home Medical, Corp. - financials

Fiscal Year EndedSep 30, 2018Sep 30, 2019Sep 30, 2020Sep 30, 2021Sep 30, 2022Jun 30, 2023Sep 30, 2023Sep 30, 2024Sep 30, 2025
Revenue (USD)59,912,418.19361,000,727.46272,701,760.2102,351,000-221,742,000---
% Revenue Growth (YoY)-1.8%19.2%40.8%-----
EBITDA (USD)8,135,330.5067,322,317.36615,208,950.90916,466,000-44,673,000---
Operating Income (USD)(3,972,180.153)(3,485,992.639)658,186.873(1,460,000)-3,919,000---
Operating Margin(6.6%)(5.7%)0.9%(1.4%)-1.8%---
% EBITDA Margin13.6%12.0%20.9%16.1%-20.1%---
NET Income (USD)14,612,727.891(5,564,629.701)(5,023,787.941)(6,174,000)-(2,784,000)---
% Net Margin24.4%(9.1%)(6.9%)(6.0%)-(1.3%)---

Quipt Home Medical, Corp. - deals

Deals TypeDeal StatusTarget (s)Deal DateInvestor(s)Seller(s)Deal size (Mn)Enterprise value (Mn)Post-money valuation (Mn)EBITDA multiple (x)Revenue multiple (x)Lead partner (s)
Public to PrivateAnnouncedQuipt Home Medical, Corp.-

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