# Quipt Home Medical acquires 60% of Hart Medical Equipment for ~$17-18M

Quipt Home Medical Corp., through its subsidiary QHM Holdings, entered an agreement to acquire a 60% membership interest in IRB Medical Equipment, LLC dba Hart Medical Equipment, a Michigan-based durable medical equipment provider. The purchase price is approximately $17-18 million based on a $35 million enterprise value.

- Type: Acquisition
- Announced: 2025-08-11
- Where: Michigan, United States
- Value: $17.5M
- Status: announced
- Products: durable medical equipment
- Sectors: [Medical Devices](https://endata.com/sectors/medical-devices.md)

## Companies

- [Quipt Home Medical Corp.](https://endata.com/companies/39219.md) (acquirer)
- [Hart Medical Equipment](https://endata.com/companies/39220.md) (target)
- [Henry Ford Health](https://endata.com/companies/39304.md) (partner)
- [McLaren Health Care](https://endata.com/companies/39305.md) (partner)
- [Blanchard Valley Health System](https://endata.com/companies/39306.md) (partner)
- [Wood County Hospital](https://endata.com/companies/39307.md) (partner)
- [The Bellevue Hospital](https://endata.com/companies/39308.md) (partner)

## Sources

- [stocktitan.net](https://www.stocktitan.net/sec-filings/QIPT/8-k-quipt-home-medical-corp-reports-material-event-0781afe9659c.html), 2025-08-12: "Quipt Home Medical Corp. announced that on August 11, 2025 its subsidiary QHM Holdings entered an Equity Purchase Agreement to acquire a 60% membership interest in IRB Medical Equipment, LLC dba Hart Medical Equipment."
- [citybiz.co](https://www.citybiz.co/article/745953/the-braff-group-advises-hart-medical-equipment-on-its-acquisition-by-quipt-home-medical/), 2025-09-16: "Quipt Home Medical...will acquire a 60% ownership interest in Flint, Mich.-based Hart Medical Equipment for about $17 million."
- [medicalbuyer.co.in](https://medicalbuyer.co.in/us-based-quipt-home-medical-forms-jv-with-three-health-systems/), 2025-09-18: "This strategic transaction is expected to enhance its presence in the Midwest, add deep health care system partnerships, and provide the company with immediate entry into Michigan."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.