Quipt Home Medical Corp. Files 8-K

TL;DR

Quipt Home Medical Corp. filed an 8-K on 8/12/25, reporting a material definitive agreement and other events.

AI Summary

Quipt Home Medical Corp. filed an 8-K on August 12, 2025, reporting the entry into a material definitive agreement. The filing also includes other events and financial statements/exhibits. The company was formerly known as Protech Home Medical Corp. and Patient Home Monitoring Corp.

Why It Matters

This 8-K filing indicates significant corporate activity or agreements for Quipt Home Medical Corp., which could impact its business operations and financial standing.

Risk Assessment

Risk Level: low — This filing is a standard 8-K reporting a material definitive agreement and does not inherently signal significant new risks.

Key Players & Entities

• Quipt Home Medical Corp. (company) — Registrant
• Protech Home Medical Corp. (company) — Former Company Name
• Patient Home Monitoring Corp. (company) — Former Company Name
• August 11, 2025 (date) — Date of earliest event reported
• August 12, 2025 (date) — Date of Report

FAQ

Key Financial Figures

• $35 — percent (60%) of an enterprise value of $35M, subject to adjustment based on cash o
• $1,000,000 — nt based on cash on hand (not less than $1,000,000), reduced by Company indebtedness, accr
• $17M — ts the cash price to be in the range of $17M-$18M and be paid at closing through exi
• $18M — e cash price to be in the range of $17M-$18M and be paid at closing through existing
• $250,000 — ember 30, 2025, Quipt may have to pay a $250,000 fee to the Company. The Acquisition is

Filing Documents

• qipt-20250811x8k.htm (8-K) — 45KB
• qipt-20250811xex99d1.htm (EX-99.1) — 31KB
• 0001558370-25-011243.txt ( ) — 201KB
• qipt-20250811.xsd (EX-101.SCH) — 3KB
• qipt-20250811_lab.xml (EX-101.LAB) — 16KB
• qipt-20250811_pre.xml (EX-101.PRE) — 10KB
• qipt-20250811x8k_htm.xml (XML) — 5KB

01. Entry into a Material Definitive Agreement

Item 1.01. Entry into a Material Definitive Agreement. On August 11, 2025, Quipt Home Medical Corp. ("QHMC") through QHM Holdings, Inc., a wholly-owned subsidiary of QHMC ("Quipt") entered into an Equity Purchase Agreement (the "Agreement") by and between Quipt, IRB Medical Equipment, LLC, dba Hart Medical Equipment (the "Company"), and Hart HoldCo, LLC (individually, the "Seller" and collectively with Quipt and the Company, the "Parties"). The Agreement provides for the acquisition by Quipt of a sixty percent (60%) membership interest in the Company, which is a Michigan-based limited liability company engaged in the business of providing durable medical equipment, point-of-service products, and related services (the "Acquisition"). Prior to closing, 100% of the equity interests in Hart Medical were contributed to the Seller by its previous owners, Henry Ford Health, McLaren Health Management Group, and Northwest Ohio Medical Equipment, LLC. Pursuant to the terms of the Agreement, Quipt will purchase sixty percent (60%) of the membership interests of the Company directly from the Seller and the Company will be jointly owned by Quipt and the Seller, which shall retain the remaining forty percent (40%) membership interests. As part of the Acquisition, the Parties shall enter into an Administrative Support Services Agreement ("Services Agreement") and the operating agreement of the Company shall be amended and restated as provided by the Sixth Amended and Restated Operating Agreement (the "Operating Agreement") that allows for the Company to be operated as a joint venture between the Parties. The purchase price for the membership interest is equal to sixty percent (60%) of an enterprise value of $35M, subject to adjustment based on cash on hand (not less than $1,000,000), reduced by Company indebtedness, accrued payroll, certain Medicaid settlement amounts, and other non-trade payables, and adjusted for working capital surplus or deficit (relative to a working capi

01 Other Events

Item 8.01 Other Events. On August 12, 2025, Quipt issued a press release announcing the entering into of the Agreement. A copy of the press release is attached hereto as Exhibit 99.1 and is incorporated herein by reference.

Forward-Looking Statements

Forward-Looking Statements Certain statements contained in this press release constitute "forward-looking statements" within the meaning of the U.S. Private Securities Litigation Reform Act of 1995 or "forward-looking information" as such term is defined in applicable Canadian securities legislation (collectively, "forward-looking statements"). The words "may", "would", "could", "should", "potential", "will", "seek", "intend", "plan", "anticipate", "believe", "estimate", "expect", "outlook", or the negatives thereof or variations of such words, and similar expressions as they relate to the Company are intended to identify forward-looking statements, including: timing of and closing of the transaction; management's expectations for Quipt's post-closing annualized run rate; management's expectations for post-closing Adjusted EBITDA for the joint venture and the timing of such results; the Company anticipating strong margin performance throughout the year and a return to historical organic growth levels in calendar 2025; the Company's expectations regarding the impact of the acquisition of the joint venture; opportunities to increase long-term shareholder value. All statements other than statements of historical fact, including those that express, or involve discussions as to, expectations, beliefs, plans, objectives, assumptions or future events or performance are not historical facts and may be forward-looking statements and may involve estimates, assumptions and uncertainties that could cause actual results or outcomes to differ materially from those expressed in the forward-looking statements. Such statements reflect the Company's current views and intentions with respect to future events, and current information available to the Company, and are subject to certain risks, uncertainties and assumptions, including, without limitation: the Company successfully identifying, negotiating and completing additional acquisitions; operating and other financial metrics main

01. Financial Statements and Exhibits

Item 9.01. Financial Statements and Exhibits. (d) Exhibits. Exhibit No. Description 99.1 Press Release by Quipt Home Medical Corp. dated August 12, 2025. 104 Cover Page Interactive Data File, formatted in Inline XBRL and included as Exhibit 101.

SIGNATURES

SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. Quipt Home Medical Corp. Date: August 12, 2025 By: /s/ Hardik Mehta Hardik Mehta Chief Financial Officer

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View this 8-K filing on SEC EDGAR