In brief: AeroCare deal dissolves, Inogen shareholders sell
ORLANDO – A merger agreement between AeroCare and MergeWorthRx (MWRX) has been terminated. Under the terms of the deal, announced in October, MWRX, a Miami-based specialty purpose acquisition company, had until Dec. 26 to either complete the merger or dissolve, according to a press release. MWRX formed in July 2013 to merge with one or more target businesses. AeroCare, which offers respiratory products and services to more than 150,000 patients through 175 locations in 20 U.S. states, has annual revenues of $150 million.
NHIA schedules fly-in
ALEXANDRIA, Va. – The National Home Infusion Association (NHIA) encourages its members to fly into Washington, D.C., in February to meet with lawmakers to talk up efforts to require Medicare to pay for home infusion services and related supplies under Part B. The NHIA is targeting the following dates: Feb. 4-5, 11-12 or 25-26. The association will set up meetings, prepare materials and coach members on conducting meetings with lawmakers. In September, Reps. Eliot Engel, D-N.Y., and Pat Tiberi, R-Ohio, introduced The Medicare Home Infusion Site of Care Act.
Inogen shareholders sell
GOLETA, Calif. – Two Inogen shareholders have moved stock this month. Scott Wilkinson sold 15,735 shares on Dec. 29 at an average price of $30.52 per share for a total transaction of $480,232. Versant Ventures sold 9,785 shares on Dec. 23 at an average price of $29.74 for a total transaction of $291,005. Versant Ventures is a majority shareholder in the company, owning at least 10% of its shares.
In the spirit: Convaid, Pride Mobility Products
Torrance, Calif.-based Convaid recently donated one of its Rodeo wheelchairs to Arthur Day, a nine-year-old who was born with cerebral palsy and other health issues. Day’s previous wheelchair was stolen from the lobby of his apartment complex in Los Angeles. Convaid representatives set out to get Day a new wheelchair in time for Christmas after hearing about his story on a local TV station. Helping to make the donation happen: Joe McKnight, an ATP at Access Medical…The Beamsville, Ontario, office of Pride Mobility Products raised $5,000 for Community Care of West Niagara. Managing Director Brian Fisher and his team raised the money through a “12 Days of Christmas” daily raffle. Pride has its Canadian headquarters in Beamsville.
People news: Strong, Mahler, Bragdon
Health System Services (HSS) has hired Michael Strong to lead its new home modification division. Strong has more than five years of experience in the field. Prior to joining the Niagara Falls, N.Y.-based HSS, he worked for Prism Medical…New England Orthotic and Prosthetic Systems (NEOPS) has promoted David Mahler to COO and Terri Bragdon to chief administrative officer effective Jan. 1. Mahler has been with the Branford, Conn.-based NEOPS for 14 years and Bragdon has been with the company for 11 years.