Pediatric skilled-nursing company Epic Health Services continued its recent acquisition binge with the announcement Tuesday that the Dallas-based firm will buy Medco, an enteral therapy services provider. Enteral therapy provides nutrition for patients through tube feeding.
Epic, which has no connection to electronic health-record provider Epic Systems Corp., now provides services to 34,000 patients in 17 states, up from 26,000 patients and 16 states before acquiring Houston-based Medco, according to an Epic spokeswoman.
She declined to disclose the sales price.
A privately held company, Epic is a portfolio entity of Webster Capital, based in Waltham, Mass. Approximate employee count for Epic is now 14,500. The company expects revenue to be at $1 billion in the next three to four years, according to a company spokeswoman.
Epic's services will now include incontinence products and respiratory equipment, and also specialty pharmacy, diabetic, urological, ostomy and wound-care supplies, according to a news release.
Medco is the sixth company Epic has acquired in the past year. Last month, it acquired Option 1 Healthcare Solutions, based in Chandler, Ariz., and in January, it acquired Loving Care Agency, a pediatric and adult home-care provider based in New Jersey. Epic also recently acquired Nurses to Go, Clarity Services Group and Unifour Nursing.