Southern Home Medical exec resigns amid merger
GREER, S.C. – Jeffrey Sarvis has resigned from his posts as president and CEO and director of the board of Southern Home Medical. “The merger transaction continues to move forward,” he stated in press release. “This requires my resignation.” Miguel Dotres will step up as interim president and CEO and director. He will lead the company through this transitional phase. Southern Home Medical did not give details on said merger. In March, the company, which owns and operates ApneaRx, reported $1.14 million in revenues and $60,983 in net income for 2015. “SOHM finished the year poised and financially ready to pursue sale, merger and/or acquisition opportunities and was able to quickly attract interest,” it stated in a press release. Southern Home Medical formed in 2007 with an eye toward rolling up HME providers. A year later, it also turned its focus on medical staffing.