Lafayette-based Viemed closed on its deal to acquire an Illinois-based medical equipment business that specializes in respiratory care and women’s health.
Viemed and Lehan’s Medical Equipment announced the $26 million deal Thursday that also includes an estimated $2.2 million in contingent payments.
Viemed funded the acquisition through a combination of cash on hand and borrowings from its existing credit facilities. Last year Lehan generated net revenues of approximately $25.7 million…