ActivStyle, a Portfolio Company of The Riverside Company, has Agreed to be Acquired by AdaptHealth Corp. (NASDAQ: AHCO)
May 4, 2020
ActivStyle, Inc. (“ActivStyle” or “the Company”), a portfolio company of The Riverside Company (“Riverside”) has announced that it has entered into a definitive agreement to be acquired by AdaptHealth Corp. (“AdaptHealth”) (NASDAQ: AHCO). The transaction is expected to close in June 2020, subject to the satisfaction of customary closing conditions.
Cain Brothers was selected as the exclusive financial advisor to ActivStyle given Cain Brothers’ deep domain expertise in the distribution space, extensive relationships across the healthcare industry and its proven track record in achieving superior results for its clients. The transaction further adds to the firm’s momentum in advising the leading companies and investors in the sector.
Headquartered in Minneapolis, MN, ActivStyle is a leading direct-to-consumer (“DTC”) supplier of disposable incontinence products, urology supplies and disposable / consumable medical supplies. The company currently serves patients in 48 states with a substantial presence in Illinois, Minnesota, Iowa, Ohio, Pennsylvania, Florida and Texas. ActivStyle maintains extensive relationships with leading manufacturers, allowing the company to leverage a strong supply chain to provide an array of products to patients, including its unique private label incontinence products, Rely.
AdaptHealth is a leading provider of home medical equipment, supplies and related services in the United States. AdaptHealth provides a full suite of medical products and solutions designed to help patients manage chronic conditions in the home, adapt to life and thrive. AdaptHealth services beneficiaries of Medicare, Medicaid and commercial insurance payors – approximately 1.6 million patients annually – in all 50 states through its network of 220 locations in 38 states.
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