AHP to deploy Trac Medical's CareCert

Wednesday, July 31, 2002

SCHENECTADY, N.Y. - American HomePatient plans to begin using Trac Medical's CareCert e-CMN solution at three regional billing centers this month. The company is planning an expansion to all regional centers within a year. The contract is Trac's first revenue-generating deal and is the culmination of more than a a year of development and testing. Revenues from this business relationship could rise to as much as $350,000 by the end of the second year, assuming that all regional centers use CareCert to process CMNs and written physician orders. American HomePatient handles approximately 20,000 of these transactions each month at its billing facilities nationwide.
Invacare earnings flat, growth forecast cut

ELYRIA, Ohio - Invacare has reported flat second-quarter profits and trimmed its full-year earnings forecast. The company is now forecasting full-year earnings of $2.20 to $2.30 per share. It had previously forecasted $2.28 to $2.35. Sales for the year are expected to rise about 5% to $1.1 billion, but pricing pressure in North America is expected to hurt margins, the company said. Second-quarter net income was $16.1 million, or 52 cents per share, unchanged from a year ago. Higher marketing and administrative costs and lower gross margins restrained second-quarter results, Invacare said.
Drive acquires Winmed

FARMINGDALE, N.Y. - Drive Medical Design & Manufacturing, a division of Medical Depot, has acquired the assets of Winmed Products based in Fort Myers, Florida. The acquisition will expand Drive's line of rollators. Additional manufacturing will provide critical mass in our factory, the company said, and add a significant number of new customers who have not been exposed to the Drive brand.