Hasco reports double-digit growth

Tuesday, March 31, 2015

ADDISON, Texas – Hasco Medical, a provider of wheelchair accessible vehicles, reported net revenues of $91 million for 2014, a 24.8% increase compared to 2013.

It reported net income of $2.1 million, a 160% increase.

“Our team continues its excellent execution by driving sales in our wheelchair vehicle sales and services business,” stated CEO Hal Compton in a press release. “These results are a testament to the increasing success of our brands and the successful delivery of our growth plan by our management team.”

Additionally, service and other revenues contributed $23.3 million for 2014, a 24.7% increase compared to 2013.

Hasco Medical expects the launch of the new Ford Explorer-based BraunAbility MXV Sport Utility and the Chevrolet Suburban-based Mobility SVM SUV to help drive growth in 2015.

“These vehicles represent a paradigm shift in the wheelchair accessible vehicle market and Ride-Away and Mobility Freedom are positioned with trained mobility consultants to deliver on customer expectations,” Compton said. “I see these vehicles as increasing the accessible market.”

Also coming in 2015: new locations in Parkville, Md., and Miami.

Hasco operates 20 locations in 11 states from Maine to Florida. Its brands include Ride-Away, Mobility Freedom and Wheelchair Vans of America.