Transworld Home HealthCare Extends Closing Date for DermaQuest Acquisition

Strategic Insights -

Transworld Home HealthCare, Inc., a regional supplier of alternate site healthcare services and products, has agreed to extend the closing date for its previously announced acquisition of DermaQuest Surgical Supply, Inc. The new closing date is set for March 1, 1995, due to the need to finalize financing documentation with senior lenders. The acquisition, valued at nearly $9 million in 1994 sales and exceeding $2 million in pro forma operating profits, was initially scheduled to close on February 15, 1995.

Key Takeaways:

  • Transworld Home HealthCare, Inc. has agreed to extend the closing date for its acquisition of DermaQuest Surgical Supply, Inc. from February 15 to March 1, 1995.
  • DermaQuest is a mail-order wound care products company based in Philadelphia, serving nursing home and home care patients in the United States and Puerto Rico.
  • The acquisition is valued at nearly $9 million in 1994 sales and exceeding $2 million in pro forma operating profits.
  • Transworld Home HealthCare is a regional supplier of alternate site healthcare services and products, including respiratory therapy, drug infusion therapy, and home medical equipment.
  • DermaQuest's services cater to the needs of patients in the New York metropolitan area, New Jersey, Baltimore, Philadelphia, and Florida.

Statistics:

  • 1994 sales: almost $9 million for DermaQuest Surgical Supply, Inc.
  • Pro forma operating profits: in excess of $2 million for DermaQuest Surgical Supply, Inc.
  • Closing date extension: from February 15 to March 1, 1995

Sources:

  • Business Wire, February 21, 1995
  • Transworld Home HealthCare, Inc.
  • The Equity Group Inc.