Search company, investor...
Good Night Medical company logo

Good Night Medical

Founded Year



Acquired | Acquired

Total Raised




About Good Night Medical

Good Night Medical is a provider of services that improve and enhance the health and quality of life of individuals with sleep disorders. On April 19th, 2022, Good Night Medical was acquired by Quipt Home Medical.

Headquarters Location

8999 Gemini Pkwy Suite 220

Columbus, Ohio, 43240,

United States


Missing: Good Night Medical's Product Demo & Case Studies

Promote your product offering to tech buyers.

Reach 1000s of buyers who use CB Insights to identify vendors, demo products, and make purchasing decisions.

Missing: Good Night Medical's Product & Differentiators

Don’t let your products get skipped. Buyers use our vendor rankings to shortlist companies and drive requests for proposals (RFPs).

Expert Collections containing Good Night Medical

Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.

Good Night Medical is included in 4 Expert Collections, including Sleep Health & Wellness.


Sleep Health & Wellness

804 items

These companies aim to assess or improve the quantity/quality of sleep, or use sleep data in the monitoring or diagnosis of other health conditions.


Medical Devices

8,633 items

Companies developing medical devices (per the IMDRF's definition of "medical device"). Includes software, lab-developed tests (LDTs), and combination products. *Columns updated as regularly as possible.


Beauty & Personal Care

858 items

These startups aim to provide health treatments, diagnosis tools, and products that do not require a prescription or connection with a health professional to enhance personal wellbeing. This includes supplements, women's health maintenance, OTC medicines, and more.


Health IT

7,901 items

Latest Good Night Medical News

Quipt Accelerates National Expansion Efforts with Acquisition of Multi State Operator – Good Night Medical – Significantly Bolstering Commercial Contract Portfolio

Apr 19, 2022

Author of the article: Article content Acquisition Adds $7.5 Million in Annualized Revenues, 20% Adjusted EBITDA Margin Post Integration, and Over 10,000 Active Patients We apologize, but this video has failed to load. Try refreshing your browser, or Quipt Accelerates National Expansion Efforts with Acquisition of Multi State Operator - Good Night Medical - Significantly Bolstering Commercial Contract Portfolio Back to video CINCINNATI, April 19, 2022 (GLOBE NEWSWIRE) — Quipt Home Medical Corp. (“Quipt” or the “Company”) (NASDAQ:QIPT; TSXV:QIPT), a U.S. based leader in the home medical equipment industry, focused on end-to-end respiratory care, is very pleased to announce that it has acquired Good Night Medical, LLC (“Good Night Medical”), a business with operations across seven U.S. states, reporting unaudited trailing 12-month annual revenues of approximately $7.5 million ‎and with anticipated Adjusted EBITDA (defined below) of $1.5 million (20% margin) post integration. As a reminder all figures stated are in USD. Advertisement 2 Article content Details The acquisition encompasses locations across seven U.S. states including Arkansas, Georgia, Massachusetts, North Carolina, Ohio, Texas and California. The acquisition provides Quipt an expansionary opportunity into Massachusetts, North Carolina and Texas, which are new U.S. states for Quipt’s coverage sphere including important new commercial insurance contracts. The other four U.S. states are current areas of service for Quipt, which provide for actionable revenue and cost synergy opportunities as further scale is created in each operating region. The expansionary operating footprint aligns closely with regions that have a high prevalence of Chronic Obstructive Pulmonary Disease (“COPD”), a key target patient group; cumulatively the seven states Good Night Medical operates in contain some of the highest prevalence U.S. states. According to the National Institutes of Health (NIH), about 5 million people between the seven states have COPD1. The favorable demographics, additional insurance contracts, and infrastructure provides Quipt with the right set of circumstances to further accelerate its national expansion efforts as a leader in clinical respiratory care. Advertisement 3 Article content The integration process will include Quipt applying its proven subscription-based resupply program to each acquired business unit, as well as the highly intensive service model Quipt is known for. Consistent with the transactions Quipt has completed to date, Good Night Medical brings an experienced operational team. Good Night Medical has been a leader in the respiratory home care services space for over 9 years and has several difficult to obtain insurance contracts that significantly enhance Quipt’s presence in each of Good Night Medical’s regions. Good Night Medical has 10,000 active patients, bringing Quipt’s total to approximately 180,000 active patients, and like Quipt, Good Night Medical offers high-quality service, equipment, and supplies. Advertisement 4 Article content Moreover, Good Night Medical has strong diversification amongst referral sources, and a payor base, with exposure to less than 30% from Medicare. Furthermore, Good Night Medical has no exposure to ventilation therapy, which provides Quipt an opportunity to grow as well as other complimentary clinical respiratory products and services. In addition, Good Night Medical provides Quipt the opportunity to add patients to Quipt’s existing subscription-based resupply program, and Quipt expects that it can derive strong revenue synergies from this initiative. Under the terms of the definitive purchase agreement, Quipt acquired Good Night Medical for approximately $7 million in cash. It is expected the acquisition will increase Quipt’s annual revenues by approximately $7.5 million, and, post integration, Adjusted EBITDA by $1.5 million (20% margin). Advertisement 5 Commentary “This acquisition of Good Night Medical is a prime example of the quality respiratory businesses we have in our robust pipeline. Good Night Medical strengthens our healthcare network across multiple states, enhancing our national coverage sphere over an area that includes about 5 million COPD sufferers in the United States. Furthermore, I believe that this acquisition will help us achieve long term cost saving goals that will drive our future margin acceleration by giving us increased scale across the organization,” said Greg Crawford, Chairman and CEO of Quipt. “We see several actionable synergies and believe our strong sleep re-supply business presents us with significant upside as we deploy our technology therein. Integration is the key to our ongoing financial and operating success as it allows us to continue the strong pace of closing strategic acquisitions, alongside the stringent approach to our due-diligence process that provides us acquisition opportunities that work towards our long-term strategic objectives. We are extremely encouraged about the growth path we are on, carving out a special segment of the homecare industry and we are well positioned to seize the growth opportunity ahead of us.” Advertisement 6 Article content “Additionally, I want to take a moment to provide an update on our sleep therapy business unit. As noted in our fiscal Q1 2022 financial news release, we have seen significant backlog, with nearly 8,000 patients waiting for a sleep device. It is important to understand that this backlog is extremely sticky with the entire industry experiencing supply constraints, and we view the revenue impact as delayed not lost. Furthermore, I am pleased to share that we began the month of April with the largest on hand inventory of CPAP devices since the recall commenced and I am cautiously optimistic as we move through the second half of the year that the supply pressures will continue to alleviate.” Chief Financial Officer, Hardik Mehta added, “This acquisition allows us to build out our operating footprint within existing and new markets as we reach approximately 180,000 active patients, add $7.5 million in revenue, a meaningful EBITDA contribution, as well as providing us significantly enhanced infrastructure across seven states. We are pleased with the consistent performance across our entire operation year to date and are very well positioned as we move through 2022 and beyond to grow into a leader in respiratory homecare across the United States. The bullish regulatory environment, industry tailwinds, and need for respiratory homecare, gives us an incredible runway in strategically gaining market share in favorable geographies. Looking at our current pipeline, it remains very exciting, and we expect to remain very active over the near term with exciting targets that meet our stringent criteria and are thrilled to continue to execute on our growth pillars over the course of the year.” Advertisement 7 CORP. The Company provides in-home monitoring and disease management services including end-to-end respiratory solutions for patients in the United States healthcare market. It seeks to continue to expand its offerings to include the management of several chronic disease states focusing on patients with heart or pulmonary disease, sleep disorders, reduced mobility, and other chronic health conditions. The primary business objective of the Company is to create shareholder value by offering a broader range of services to patients in need of in-home monitoring and chronic disease management. The Company’s organic growth strategy is to increase annual revenue per patient by offering multiple services to the same patient, consolidating the patient’s services, and making life easier for the patient. Advertisement 8 Article content Reader Advisories Readers are cautioned that the financial information regarding the acquisition disclosed herein is unaudited and derived as a result of the Company’s due diligence, including a review of the acquisition’s bank statements and tax returns. There can be no assurance that any of the potential acquisitions in the Company’s pipeline or in negotiations will be completed as proposed or at all and no definitive agreements have been executed. Completion of any transaction will be subject to applicable director, shareholder, and regulatory approvals. Unless otherwise specified, all dollar amounts in this press release are expressed in U.S. ‎dollars.‎ Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Article content Statements Certain statements contained in this press release constitute “forward-looking information” as such term is ‎defined in applicable Canadian securities legislation. The words “may”, “would”, “could”, “should”, “potential”, ‎‎”will”, “seek”, “intend”, “plan”, “anticipate”, “believe”, “estimate”, “expect”, “outlook”, and similar expressions as ‎they relate to the Company, including: post integration financial results (revenue and Adjusted EBITDA) of Good Night Medical; Quipt accelerating its national expansion efforts as a leader in clinical respiratory care; Quipt’s growth opportunities as a result of the acquisition of Good Night Medical; Quipt adding patients to its subscription-based resupply program; Quipt expecting that it can derive strong revenue synergies; the Company’s outlook for calendar 2022; the acquisition helping Quipt achieve long term cost savings that will drive future margin acceleration; Quipt’s acquisition pipeline and pace of further acquisitions; Quipt believing that supply pressures will continue to alleviate; and Quipt remaining very active with acquisitions over the near term; ‎are intended to identify forward-looking information. All statements other than statements of ‎historical fact may be forward-looking information. 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: the acquisition achieving results at least as good as ‎historical performances; the financial information regarding the acquisition being verified when included in the ‎Company’s consolidated financial statements prepared in accordance with generally accepted accounting ‎principles in Canada as set out in the CPA Canada ‎Handbook – Accounting under Part I, which incorporates ‎International Financial ‎Reporting Standards as issued by the International Accounting Standards Board‎; the ‎Company successfully identified, negotiating and completing additional acquisitions, including accretive ‎acquisitions; the Company organically growing at a rate of 10% and completing acquisitions that add at least ‎‎$25 million in new revenue in order to meet 2022 outlook. Many factors could cause the actual results, ‎performance or achievements that may be expressed or implied by such forward-looking information to vary from ‎those described herein should one or more of these risks or uncertainties materialize. Examples of such risk factors ‎include, without limitation: credit; market (including equity, commodity, foreign exchange and interest rate); ‎liquidity; operational (including technology and infrastructure); reputational; insurance; strategic; regulatory; legal; ‎environmental; capital adequacy; the general business and economic conditions in the regions in which the ‎Company operates; the ability of the Company to execute on key priorities, including the successful completion of ‎acquisitions, business retention, and strategic plans and to attract, develop and retain key executives; difficulty ‎integrating newly acquired businesses; the ability to implement business strategies and pursue business opportunities; low profit ‎market segments; disruptions in or attacks (including cyber-attacks) on the Company’s information technology, ‎internet, network access or other voice or data communications systems or services; the evolution of various types ‎of fraud or other criminal behavior to which the Company is exposed; the failure of third parties to comply with ‎their obligations to the Company or its affiliates; the impact of new and changes to, or application of, current ‎laws and regulations; decline of reimbursement rates; dependence on few payors; possible new drug discoveries; a ‎novel business model; dependence on key suppliers; granting of permits and licenses in a highly regulated ‎business; the overall difficult litigation environment, including in the U.S.; increased competition; changes in ‎foreign currency rates; increased funding costs and market volatility due to market illiquidity and competition for ‎funding; the availability of funds and resources to pursue operations; critical accounting estimates and changes ‎to accounting standards, policies, and methods used by the Company; the occurrence of natural and unnatural ‎catastrophic events and claims resulting from such events; and risks related to COVID-19 including various ‎recommendations, orders and measures of governmental authorities to try to limit the pandemic, including travel ‎restrictions, border closures, non-essential business closures, quarantines, self-isolations, shelters-in-place and social distancing, ‎disruptions to markets, economic activity, financing, supply chains and sales channels, and a deterioration of general economic ‎conditions including a possible national or global recession; as well as those risk factors discussed or referred to ‎in the Company’s disclosure documents filed with United States Securities and Exchange Commission and ‎available at, and with the securities regulatory authorities in certain provinces of Canada and ‎available at Should any factor affect the Company in an unexpected manner, or should ‎assumptions underlying the forward-looking information prove incorrect, the actual results or events may differ ‎materially from the results or events predicted. Any such forward-looking information is expressly qualified in its ‎entirety by this cautionary statement. Moreover, the Company does not assume responsibility for the accuracy or ‎completeness of such forward-looking information. The forward-looking information included in this press release ‎is made as of the date of this press release and the Company undertakes no obligation to publicly update or revise ‎any forward-looking information, other than as required by applicable law‎. Advertisement 10

Good Night Medical Frequently Asked Questions (FAQ)

  • When was Good Night Medical founded?

    Good Night Medical was founded in 2013.

  • Where is Good Night Medical's headquarters?

    Good Night Medical's headquarters is located at 8999 Gemini Pkwy, Columbus.

  • What is Good Night Medical's latest funding round?

    Good Night Medical's latest funding round is Acquired.

  • How much did Good Night Medical raise?

    Good Night Medical raised a total of $7.35M.

  • Who are the investors of Good Night Medical?

    Investors of Good Night Medical include Quipt Home Medical and Paycheck Protection Program.

Discover the right solution for your team

The CB Insights tech market intelligence platform analyzes millions of data points on vendors, products, partnerships, and patents to help your team find their next technology solution.

Request a demo

CBI websites generally use certain cookies to enable better interactions with our sites and services. Use of these cookies, which may be stored on your device, permits us to improve and customize your experience. You can read more about your cookie choices at our privacy policy here. By continuing to use this site you are consenting to these choices.