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AdaptHealth Corp. Establishes New Employment Agreement with CTO Albert Prast

Oct 31, 2024•over 1 year ago

Contract Type

agreement

Plymouth MeetingBiotechnologyHealth CareMedical

Description

AdaptHealth Corp. has established a new employment agreement with Chief Technology Officer Albert Prast, updating his compensation and outlining the conditions of his employment moving forward. The agreement includes details about Prast's annual base salary, incentive bonus, equity awards, benefits upon parting ways with the company, and new restrictive covenant agreement.

Company Information

Company

AdaptHealth

Location

Plymouth Meeting, Pennsylvania, United States

About

AdaptHealth is a national leader in providing patient-centered, healthcare-at-home solutions including home medical equipment (HME), medical supplies, and related services. The Company provides a full suite of medical products and solutions designed to help patients manage chronic conditions in the home, adapt to challenges in their activities of daily living, and thrive. Product and service offerings include (i) sleep therapy equipment, supplies, and related services (including CPAP and bi PAP services) to individuals suffering from obstructive sleep apnea, (ii) medical devices and supplies to patients for the treatment of diabetes (including continuous glucose monitors and insulin pumps), (iii) HME to patients discharged from acute care and other facilities, (iv) oxygen and related chronic therapy services in the home, and (v) other HME devices and supplies on behalf of chronically ill patients with wound care, urological, incontinence, ostomy and nutritional supply needs. The Company is proud to partner with an extensive and highly diversified network of referral sources, including acute care hospitals, sleep labs, pulmonologists, skilled nursing facilities, and clinics. AdaptHealth services beneficiaries of Medicare, Medicaid, and commercial insurance payors, reaching more than 3.9 million patients annually in all 50 states.

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