Nov. 26, 2019 – The PromptCare Companies (“PromptCare” or the “Company”), a leading regional provider of respiratory therapy and specialty infusion services, announced it has acquired Hollywood Medical Supply (“Hollywood“) from owner and CEO, Robert Lichtenstein. The acquisition will further expand PromptCare’s footprint in the Southeastern United States. Terms of the transaction were not disclosed.
Founded in 1965, Hollywood is a provider of hi-tech respiratory therapy services and related medical supplies focused on the care of medically fragile children in Florida. The Company serves more than 1,200 patients with such equipment as ventilators, apnea monitors, surgical supplies, enteral feeding, and oxygen services.
“We are excited to enter the state of Florida through this strategic combination with Hollywood Medical Supply,” said PromptCare CEO Tom Voorhees. “Bob has built a company with a care-centric approach and pediatric patient orientation that are well-aligned with PromptCare’s mission and strategy.”
“PromptCare’s commitment to providing the highest levels of patient care made them the perfect partner to continue Hollywood’s 50-year legacy of serving medically fragile patients in South Florida,” Mr. Lichtenstein said.
Goodwin Procter served as legal counsel to PromptCare.