# Quipt Home Medical completes acquisition of 60% stake in Hart Medical Equipment

Quipt Home Medical Corp. closed the acquisition of a 60% ownership interest in Hart Medical Equipment for $17.4 million. Hart generated approximately $60 million in annual revenue and serves over 67,000 patients monthly.

- Type: Acquisition
- Announced: 2019-05-14
- Where: Michigan and Ohio, United States
- Value: $17.4M
- Status: completed
- Products: home medical equipment, respiratory care
- 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

- [markets.financialcontent.com](https://markets.financialcontent.com/pennwell.laserfocusworld/article/gnwcq-2025-9-3-quipt-home-medical-completes-strategic-acquisition-of-hart-medical-adding-60-million-in-revenue), 2019-05-14: "We are excited to officially close this milestone transaction."
- [markets.financialcontent.com](https://markets.financialcontent.com/pennwell.laserfocusworld/article/gnwcq-2025-8-12-quipt-home-medical-partners-with-three-major-health-systems-to-form-strategic-joint-venture), 2019-05-14: "This strategic transaction is expected to enhance Quipt’s presence in the Midwest, add deep healthcare system partnerships, and provide the Company with immediate entry into Michigan, a large and strategically important market, and new territories in Ohio."

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