FOR RELEASE: FEBRUARY 2, 2004

Overland Park, KS, February 2, 2004 Lincare Holdings, Inc., Clearwater, Flordia, stood poised to strengthen its presence in the Southwest this month by acquiring Ace Medical Service, Inc., a client of merger and acquisition consultant Jerry Baker & Associates, Inc. located in Overland Park, KS.

The Lake Havasu City, Arizona-based HME company services one hundred ninety-five (195) oxygen patients with one hundred-eighty (180) reimbursed by Medicare, insurance, and private pay. Fifteen concentrator patients are currently with the local hispice. Total revenue for 2002 was $652,000. The majority of the revenue is derived from rental products. Sales revenue ranges between $5,000 and $10,000 per month for a variety of durable medical items and supplies.

Jerry Baker, president and founder of JB&A commneted that this was one of the faster transaction from introduction to close. The sellers, Greg and Kelly Deimling, plan on buying a new home and looking for new opportunities.



Baker & Associates, Inc., based in Overland Park, Kansas, is a merger and acquisitions consultant founded in 1988, providing specialized industry expertise to both buyers and sellers, with a particular focus in the health care industry. For information on this transaction, please contact Baker & Associates at (888) 792-2537.

 

Contact Information

Telephone:  (913) 897-9199

Fax:  (913) 851-0678

Address: 13108 Linden Lane
       Leawood, Kansas 66209

Email: info@bakerandassoc.com

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