08:57 AM EDT, 08/25/2025 (MT Newswires) -- Quipt Home Medical ( QIPT ) shareholder Forager Capital Management said Monday it has submitted a proposal to acquire all outstanding shares of the medical equipment provider for $3.1 per share in cash.

Forager, which said it owns a 9.7% of the company's shares, added that it is "prepared to improve its offer" if Quipt's board "engages in constructive discussions."

The hedge fund said its proposal also includes a go-shop provision, allowing the board to solicit better offers.

Quipt received a similar, unsolicited buyout proposal from Forager in May.

Quipt did not immediately reply to a request for comment from MT Newswires.

Shares were up 27% in recent premarket activity.