ACCENDRA HEALTH INC/VA/
ACH · Wholesale-Medical, Dental & Hospital Equipment & Supplies · 76.6M shares · +6%/yr ↑ dilution · EDGAR filings ↗
Net buyback after stock comp: -$4M (gross $10M, SBC $14M)
Reference price $5.31 · est. market cap ~$407M — last insider purchase, 2025-08-14 (estimated from the dated SEC Form 4 price × shares outstanding — not a live quote)
Grade
D42Accendra Health — distressed medical-supply distributor running losses.
Strengths
- Holds a sizable cash/investment balance
Risks
- Net margin -40%, ROA -45% (21st pct)
- Weak liquidity (current 0.58, 14th)
- Distorted ROE signals negative/thin equity
Notable findings
- No interest coverageInterest coverage 0.26 (cannot cover interest)
- Net lossNet loss (net margin -39.8%)
- Weak liquidityCurrent ratio 0.58 (<1)
- Customer concentration~23% of revenue from one customer/distributor — During the year ended December 31, 2025, our two largest commercial Payors represented approximately 23% and 14% of our net revenue, derived from multiple separately managed contracts
- Exec changeRecent 8-K item 5.02 8-K ↗
- Strong balance sheetStrong balance sheet — $282M cash & investments
- Revenue declineRevenue -11.5% YoY
- Pending mergerTermination of Acquisition of Rotech As previously disclosed, on July 22, 2024, we entered into an Agreement and Plan of Merger (the Merger Agreement) pursuant to which we agreed to acquire Rotech H
Quarterly revenue
Last 4 quarters · from SEC filings.
Key metrics
Gross margin
46.7%
Operating margin
1.0%
Net margin
-39.8%
Return on equity
238.8%
Return on assets
-44.9%
Revenue growth (QoQ)
-11.5%
Interest coverage
0.3×
Current ratio
0.6×
EBITDA
$242M
Tangible book value
-$1.8B
Cash & investments
$282M
Stock comp / revenue
0.5%
Insider transactions · last 18 months
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| 2026-05-18 | Galloway Heath H | Tax withheld | 1.8K | $2.91 |
| 2026-05-15 | Pesicka Edward A | Tax withheld | 18K | $3.04 |
| 2026-05-15 | Galloway Heath H | Tax withheld | 966 | $3.04 |
| 2026-05-15 | Bernocchi Perry A | Tax withheld | 7.9K | $3.04 |
| 2026-05-15 | Leon Jonathan A | Tax withheld | 1.8K | $3.04 |
| 2026-05-14 | Kline Teresa L. | Grant | 31K | — |
| 2026-05-14 | Klemash Stephen W | Grant | 31K | — |
| 2026-05-14 | Gardner-Smith Kenneth | Grant | 31K | — |
| 2026-05-14 | Beck Mark A | Grant | 31K | — |
| 2026-03-20 | Bernocchi Perry A | Tax withheld | 21K | $2.03 |
| 2026-03-20 | Pesicka Edward A | Tax withheld | 59K | $2.03 |
| 2026-03-20 | Leon Jonathan A | Tax withheld | 11K | $2.03 |
| 2026-03-20 | Galloway Heath H | Tax withheld | 9.3K | $2.03 |
| 2026-03-09 | Bernocchi Perry A | Grant | 109K | — |
| 2026-03-09 | Leon Jonathan A | Grant | 85K | — |
| 2026-03-09 | Galloway Heath H | Grant | 61K | — |
| 2025-11-19 | Long Andrew G | Gift | 48K | — |
| 2025-09-23 | Leon Jonathan A | Tax withheld | 4.3K | $5.40 |
| 2025-08-14 | Coliseum Capital Management, LLC | Buy | 493K | $5.31 |
| 2025-08-13 | Coliseum Capital Management, LLC | Buy | 325K | $5.46 |
| 2025-08-12 | Coliseum Capital Management, LLC | Buy | 720K | $5.15 |
| 2025-06-03 | Stone Jennifer A | Tax withheld | 5.8K | $6.35 |
| 2025-05-19 | Galloway Heath H | Tax withheld | 1.8K | $7.38 |
| 2025-05-15 | Rollins Carissa | Grant | 29K | — |
| 2025-05-15 | Kline Teresa L. | Grant | 29K | — |
| 2025-05-15 | Henkel Robert J | Grant | 29K | — |
| 2025-05-15 | Gardner-Smith Kenneth | Grant | 29K | — |
| 2025-05-15 | Klemash Stephen W | Grant | 29K | — |
| 2025-05-15 | Johnson-Mills Rita | Grant | 29K | — |
| 2025-05-15 | Beck Mark A | Grant | 29K | — |
| 2025-05-15 | Sarkar Snehashish | Tax withheld | 4.3K | $7.00 |
| 2025-05-15 | Pesicka Edward A | Tax withheld | 35K | $7.00 |
| 2025-05-15 | Lowry Michael Wayne | Tax withheld | 1.5K | $7.00 |
| 2025-05-15 | Long Andrew G | Tax withheld | 19K | $7.00 |
| 2025-05-15 | Leon Jonathan A | Tax withheld | 2.6K | $7.00 |
| 2025-05-15 | Galloway Heath H | Tax withheld | 1.3K | $7.00 |
| 2025-05-15 | Bernocchi Perry A | Tax withheld | 13K | $7.00 |
| 2025-04-10 | Coliseum Capital Management, LLC | Buy | 80K | $7.19 |
| 2025-04-09 | Coliseum Capital Management, LLC | Buy | 225K | $7.39 |
| 2025-04-08 | Coliseum Capital Management, LLC | Buy | 105K | $7.96 |
| 2025-04-07 | Coliseum Capital Management, LLC | Buy | 240K | $7.84 |
| 2025-04-04 | Coliseum Capital Management, LLC | Buy | 128K | $8.14 |
| 2025-04-03 | Coliseum Capital Management, LLC | Buy | 160K | $8.53 |
| 2025-03-20 | Pesicka Edward A | Tax withheld | 15K | $10.09 |
| 2025-03-20 | Sarkar Snehashish | Tax withheld | 2.0K | $10.09 |
| 2025-03-20 | Galloway Heath H | Tax withheld | 2.7K | $10.09 |
| 2025-03-20 | Bernocchi Perry A | Tax withheld | 5.6K | $10.09 |
| 2025-03-20 | Leon Jonathan A | Tax withheld | 2.0K | $10.09 |
| 2025-03-20 | Long Andrew G | Tax withheld | 4.6K | $10.09 |
| 2025-03-20 | Lowry Michael Wayne | Tax withheld | 1.1K | $10.09 |
| 2025-03-04 | Coliseum Capital Management, LLC | Buy | 800K | $9.75 |
| 2025-03-03 | Lowry Michael Wayne | Grant | 28K | — |
| 2025-03-03 | Bernocchi Perry A | Grant | 123K | — |
| 2025-03-03 | Leon Jonathan A | Grant | 134K | — |
| 2025-03-03 | Long Andrew G | Grant | 134K | — |
| 2025-03-03 | Galloway Heath H | Grant | 70K | — |
| 2025-03-03 | Sarkar Snehashish | Grant | 59K | — |
| 2025-03-03 | Stone Jennifer A | Grant | 59K | — |
| 2025-03-03 | Coliseum Capital Management, LLC | Buy | 355K | $9.19 |
| 2025-03-03 | Pesicka Edward A | Grant | 445K | — |
| 2025-02-28 | Coliseum Capital Management, LLC | Buy | 1.7M | $9.39 |
All non-derivative Form 4 activity (SEC), newest first.
Supply chain
Customers (2)
- Medicaid
- Medicare
Suppliers (0)
Named in the 10-K; linked when we track them.
Notable events (8-K)
| Date | Items | |
|---|---|---|
| 2026-06-25 | OtherExhibits | filing ↗ |
| 2026-06-15 | Material agreementDebt obligationOtherExhibits | filing ↗ |
| 2026-05-22 | Reg FDExhibits | filing ↗ |
| 2026-05-15 | Exec/director changeShareholder vote | filing ↗ |
| 2026-05-11 | Material agreementReg FDExhibits | filing ↗ |
| 2026-05-11 | ResultsReg FDExhibits | filing ↗ |
| 2026-02-19 | ResultsReg FDExhibits | filing ↗ |
| 2026-01-05 | Exhibits | filing ↗ |
Recent filings
| Form | Filed | Period | Accession |
|---|---|---|---|
| 8-K | 2026-06-25 | 2026-06-23 | 0001193125-26-282808 ↗ |
| 8-K | 2026-06-15 | 2026-06-09 | 0001193125-26-271115 ↗ |
| 8-K | 2026-05-22 | 2026-05-22 | 0001193125-26-236869 ↗ |
| 8-K | 2026-05-15 | 2026-05-14 | 0001104659-26-061888 ↗ |
| 8-K | 2026-05-11 | 2026-05-11 | 0001193125-26-215654 ↗ |
| 8-K | 2026-05-11 | 2026-05-11 | 0001104659-26-058226 ↗ |
| 10-Q | 2026-05-11 | 2026-03-31 | 0001104659-26-058465 ↗ |
| 10-K | 2026-02-20 | 2025-12-31 | 0001104659-26-018169 ↗ |
| 8-K | 2026-02-19 | 2026-02-19 | 0001104659-26-017541 ↗ |
| 8-K/A | 2026-01-05 | 2025-12-24 | 0001104659-26-000614 ↗ |
| 8-K | 2025-12-31 | 2025-12-24 | 0001193125-25-338325 ↗ |
| 8-K | 2025-12-18 | 2025-12-16 | 0001104659-25-122553 ↗ |