Quipt Home Medical Corp. (QIPT), a provider of home medical equipment, on Monday said it has agreed to be acquired by a special purpose acquisition vehicle funded by affiliates of Kingswood Capital Management and Forager Capital Management in an all-cash deal valued at about $260 million. Following the announcement, the company's shares rose more than 35% in premarket trading.
Under the agreement, Quipt shareholders will receive $3.65 per share—a 162% premium to the company's unaffected share price on May 19, 2025, and a 54% premium to its 30-day average price as of December 12, 2025—after which Quipt will become a privately held company.
Quipt shares closed at $2.61 on Friday, up 3.16%.
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