FOR RELEASE: March 7, 1994

Overland Park, KS- March 7, 1994–-Baker & Associates announced the completion of the acquisition of Meridian Medical Co. by Baker & Associates client Lincare Inc. Based in Englewood, CO, Meridian Medical Company is a leading provider of homecare equipment and services in their market area. The Company specializes in the respiratory therapy (RT) and the durable medical equipment (DME) niches of the home care market.

Jerry Baker, president and founder of Baker & Associates, noted that Ken Dalton, the owner of Meridian, had a long history in the Respiratory/ DME industry. Mr. Baker said it was a very professional relationship and a fast moving transaction. In late 1993 when Baker reached an agreement to represent Dalton and it took less that three months to identify the acquirer, negotiate the deal, complete the due diligence, and close the transaction, which exceeded Dalton’s expectations. Baker said that was a truly good arrangement for all parties. Meridian sales were $10 million during the past 12 months of operation and they have over 3,000 oxygen patients. The transaction value was in excess of $20 million.

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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