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


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