Quipt definition

Quipt or the “Company”) (NASDAQ: QIPT; TSX: QIPT), a U.S. based home medical equipment provider, focused on end-to-end respiratory care, today announced that it has entered into a definitive agreement (the “Arrangement Agreement”) pursuant to which a special purpose acquisition vehicle (the “Purchaser”), to be funded by affiliates of each of Kingswood Capital Management, L.P. (“Kingswood”) and Forager Capital Management, LLC (“Forager”), solely to effect the acquisition of Quipt, will acquire, in an all cash transaction, all of the issued and outstanding common shares in the capital of Quipt (the “Shares”) for US$3.65 per share. The transaction is not subject to any financing condition. Kingswood has provided an equity commitment letter to fund the Purchaser’s obligations under the Arrangement Agreement. The transaction values Quipt at approximately US$260 million, including Quipt’s existing outstanding debt. Following the completion of the transaction, Quipt will become a privately held company and cease to report in the U.S. and Canada. G▇▇▇ ▇▇▇▇▇▇▇▇, Chairman and Chief Executive Officer of Quipt, said, “The Board has consistently demonstrated its commitment to maximizing shareholder value, and we believe this transaction achieves that objective by providing substantial and assured value to our shareholders. I extend my sincere gratitude to the entire Quipt team; your dedication, compassion, and drive have been fundamental to all our accomplishments. Looking forward, the future is exceptionally promising, with Q▇▇▇▇’s established legacy of outstanding in-home respiratory care poised for even greater growth in the future.” Kingswood Partner M▇▇▇▇▇▇ ▇▇▇▇▇▇▇ and Forager Partner J▇▇▇▇▇ ▇▇▇▇▇▇▇ jointly commented, “Quipt has built a high quality, scaled respiratory care platform defined by its patient-centric care model, durable referral relationships, and attractive recurring revenue base. We are excited to partner with G▇▇▇ ▇▇▇▇▇▇▇▇, H▇▇▇▇▇ ▇▇▇▇▇, and the entire Quipt team to support the Company’s next chapter of growth as a privately held company. We look forward to reigniting the M&A engine to expand in strategic markets, while continuing to invest in people, technology, and best-in-class clinical care.”
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Examples of Quipt in a sentence

  • Upon closing of the transaction, the Purchaser intends to cause the Shares to be delisted from the Toronto Stock Exchange and the NASDAQ Capital Market, de-registered under the Securities Exchange Act of 1934, as amended, and to cause Quipt to submit an application to cease to be a “reporting issuer” under applicable Canadian securities laws.

  • The Board unanimously recommends that Quipt shareholders vote in favor of the transaction at the special meeting to be called to approve the transaction (the “Meeting”).

  • DLA P▇▇▇▇ is legal counsel to Quipt in Canada and the U.S. M▇▇▇▇▇▇▇▇ Will & S▇▇▇▇▇▇ LLP, in the U.S., and Fasken M▇▇▇▇▇▇▇▇ D▇▇▇▇▇▇▇ LLP, in Canada, are legal counsel to Kingswood, Forager, and the Purchaser.

  • Investors and security holders will be able to obtain the documents free of charge at the SEC’s website at w▇▇.▇▇▇.▇▇▇ and the Canadian Securities Administrators’ website at w▇▇.▇▇▇▇▇▇▇▇▇.▇▇▇, and Quipt shareholders will receive information at an appropriate time on how to obtain documents free of charge from Quipt, which are not currently available.

  • In connection with the arrangement, Quipt intends to file relevant materials with the SEC and Canadian securities regulatory authorities, including Quipt’s proxy statement on Schedule 14A and proxy circular.

  • Quipt is issuing a news release with its Q4 2025 results concurrently with this release but in light of entering into the Arrangement Agreement will not hold a Q4 2025 conference call.

  • Each of T▇▇▇▇▇ and E▇▇▇▇ & E▇▇▇▇ has provided an opinion to the Board and the Strategic Transactions Committee, to the effect that, subject to the assumptions, limitations and qualifications communicated to the Board and the Strategic Transactions Committee, and to be set out in each of the written fairness opinions of each of Truist and E▇▇▇▇ & E▇▇▇▇, as of December 14, 2025, the consideration is fair, from a financial point of view, to Quipt shareholders.

  • Additional details regarding the terms and conditions of the transaction, the rationale for the recommendations made by the Strategic Transactions Committee and the Board, the fairness opinions, and how Quipt shareholders can participate in and vote at the Meeting, will be set out in a proxy statement and management information circular (the “Circular”) to be prepared and made available to Quipt shareholders in connection with the Meeting.

  • T▇▇▇▇▇ is acting as financial advisor, and E▇▇▇▇ & E▇▇▇▇ is acting as independent financial advisor, to Quipt and the Strategic Transactions Committee of the Board.

  • Quipt and its directors and executive officers may be deemed to be participants in the solicitation of proxies from the holders of Shares in respect of the arrangement.