AHCO

AdaptHealth Corp. operates as a provider of home medical equipment, medical supplies, and related services across the United States. Headquartered in Plymouth Meeting, Pennsylvania, the company serves approximately 3.5 million patients through a network of over 300 locations in 46 states. AdaptHealth delivers its services through three primary segments: Sleep, Diabetes, and Home Medical Equipment, offering products including CPAP machines, continuous glucose monitors, oxygen therapy equipment, wheelchairs, and wound care supplies. The company employs approximately 9,000 team members and generates annual revenue exceeding $2.8 billion. AdaptHealth has pursued an aggressive growth-through-acquisition strategy, completing numerous transactions since its 2018 formation, including the transformative 2021 merger with AeroCare Holdings that significantly expanded its respiratory and sleep therapy capabilities. The company operates on a payor-diversified model, working with Medicare, Medicaid, commercial insurance, and managed care organizations. AdaptHealth distinguishes itself through its integrated platform that combines product distribution with clinical services, including patient education and therapy management. The company's decentralized operating model maintains local market expertise while leveraging centralized infrastructure for billing, reimbursement, and supply chain management. Recent initiatives focus on expanding diabetes supply services, enhancing digital patient engagement tools, and optimizing operational efficiency across its distribution network.