FOR RELEASE: October 16, 1996

Overland Park, KS- October 16, 1996. Baker & Associates, Inc., a mergers and acquisitions consultant located in Overland Park, Kansas announced the successful representation of Buffalo Oxygen Service, Inc., Orchard Park, New York in the sale of its HME business to Lincare Holdings, Inc., Clear Water, Florida. Buffalo Oxygen Service, Inc., a family-owned business for over 15 years, is one of the states leading home oxygen providers. The business operates three locations throughout New York.

Jerry Baker, president and founder, commented that Jake Trautman is one of the truly good people in the industry. The Trautman family, who primarily operate and manage the company have over 2,400 oxygen concentrator patients and $10,000,000 in sales, over 1,000 referral sources, with 150 employees. Buffalo has three different locations in Syracuse, Albany, and Buffalo. Their headquarters in Buffalo operate out of a 28,000 square ft. facility. Members of the Trautman family will remain post acquisition with Lincare and continue in operating the business. Also commenting on the acquisition, John P. Byrnes, Lincare’s president and Chief Operating officer said, "Buffalo Oxygen is one of the largest and most well-regarded providers of respiratory therapy services in New York State. We believe this acquisition will significantly enhance our position in these markets."

Baker & Associates is a privately owned full-service mergers and acquisitions consultant who represent clients in the healthcare industry among others. For information about this transaction, please contact Baker & Associates at (913) 451-5757.






Contact Information

Telephone:  (913) 897-9199

Fax:  (913) 851-0678

Address: 13108 Linden Lane
       Leawood, Kansas 66209


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