Quipt Home Medical is a U.S.-based provider of durable medical equipment (DME) focused primarily on respiratory care, which accounts for over 75% of its product mix. Quipt delivers equipment and clinical support to patients with chronic conditions — particularly respiratory diseases — enabling care at home rather than in a hospital. Core offerings include oxygen therapy, ventilators, sleep therapy (CPAP), and ongoing respiratory resupply (replacement masks, tubing, and filters). Quipt also provides mobility and bath safety equipment. Quipt operates across 27 U.S. states with over 160 locations and serves over 325,000 active patients. Patients come through physician and hospital referrals, and Quipt is paid by Medicare, Medicaid, and private insurers rather than directly by patients. Revenue breaks into two streams: recurring rental fees for equipment like ventilators and oxygen concentrators, billed monthly per patient; and resupply shipments for sleep therapy patients, billed per reorder. Together, these recurring streams represent roughly 81% of quarterly revenue. Growth comes from two channels: organic, through expanding referral networks, opening new locations, and deepening resupply enrollment; and acquisitive, having completed 19+ acquisitions since 2018. A central strategic priority is embedding Quipt into hospital discharge pathways through preferred provider agreements with health systems — securing structural, contracted patient flow rather than competing referral by referral. Notable examples include a preferred provider deal with Ballad Health's 20-hospital network and a joint venture stake in Hart Medical Equipment, which holds embedded partnerships with several major Midwest health systems.