Quipt Home Medical Shareholders Approve $3.65 per Share Acquisition

Acquisition by Kingswood Capital and Forager Capital expected to close in near term

Mar. 3, 2026 at 10:51pm

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Quipt Home Medical Corp., a U.S. based home medical equipment provider, announced that its shareholders have voted to approve the $3.65 per share acquisition of the company by affiliates of Kingswood Capital Management, L.P. and Forager Capital Management, LLC. The shareholder vote, which required approval by at least 66⅔% of votes cast, passed with 98.9% of shares voted in favor. The company is now seeking final court approval, with the transaction expected to close in the near future.

Why it matters

The acquisition represents a significant liquidity event for Quipt Home Medical shareholders, providing them with a premium over the company's recent trading price. The deal also signals continued consolidation in the home medical equipment industry as larger players seek to expand their capabilities and geographic reach.

The details

Under the terms of the agreement, Kingswood Capital and Forager Capital will acquire all outstanding shares of Quipt Home Medical for $3.65 per share in cash. The transaction required approval by at least 66⅔% of votes cast by shareholders, as well as a simple majority of votes cast by shareholders excluding any 'interested parties' as defined under Canadian securities laws. The shareholder vote was overwhelmingly in favor, with 98.9% of shares voted approving the deal.

  • The special shareholder meeting was held on March 3, 2026.
  • Quipt Home Medical is scheduled to seek final court approval for the transaction on March 5, 2026.
  • The acquisition is expected to close in the near term, pending final regulatory and court approvals.

The players

Quipt Home Medical Corp.

A U.S. based home medical equipment provider focused on end-to-end respiratory care.

Kingswood Capital Management, L.P.

An affiliate that is acquiring Quipt Home Medical.

Forager Capital Management, LLC

An affiliate that is acquiring Quipt Home Medical.

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What’s next

The company is scheduled to seek a final order of the Supreme Court of British Columbia approving the Arrangement on March 5, 2026. Assuming all other terms and conditions, including applicable stock exchange and regulatory approvals, to the Arrangement are satisfied, it is expected that the Arrangement will be completed in the near term.

The takeaway

The acquisition of Quipt Home Medical by Kingswood Capital and Forager Capital represents a significant liquidity event for shareholders and further consolidation in the home medical equipment industry as larger players seek to expand their capabilities and geographic reach.