Three Law Firms Steer in AdaptHealth’s $2 Billion AeroCare Deal

Three Big Law firms advised as AdaptHealth Corp., a U.S. provider of home health care equipment, medical supplies and related services, agreed to buy private-equity owned rival AeroCare Holdings for $2 billion.

Goodwin Procter said it advised AeroCare, a technology-enabled respiratory and home medical equipment distribution platform. Brown & Fortunato, PC also advised AeroCare, according to a statement.

Willkie Farr & Gallagher and K&L Gates are advising AdaptHealth.

Private equity investors that own AeroCare ahead of the sale include Peloton Equity, SkyKnight Capital, and SV Health Investors, as well as AeroCare management and employees.

Under the agreement, AdaptHealth CEO Luke McGee and AeroCare CEO Steve Griggs will co-lead the new, combined company.

McGee said the “transaction pairs up two industry leaders with similar strategies and strong execution track records of growth and profitability, technology innovation, and patient service.”

McGee added that the combined company “will have a footprint in 47 of the 48 continental U.S. states, strengthening relationships with our referral partners, patients, manufacturers, and managed health care plans.”