InfuSystem is ‘well positioned’
MADISON HEIGHTS, Mich. – InfuSystem Holdings on Aug. 13 reported net revenues of $17.2 million for the second quarter ended June 30, 2015, compared to $16.4 million for the same quarter in 2014, a 5% increase.
It reported a net income of $800,000, an 11% decrease.
"This was an important quarter for InfuSystem as we made substantial progress in integrating the acquired Ciscura assets, gained traction in the expansion of our EMR initiatives, continued expanding our base of payer contracts, decreasing bad debt by 21% compared to last year's second quarter, and we operated profitably for the 11th out of the last 12 quarters, said CEO Eric Steen, in a release. “InfuSystem is well positioned to generate solid financial results for the second half of 2015 and beyond."
The infusion pump and services provider has completed the acquisition of all the assets of Alpharetta, Ga.-based Ciscura, including 1,600 infusion pumps in 100 facilities throughout the Southeast. The acquisition will open up InfuSystem’s full portfolio of infusion products, including its InfuSystem EXPRESS EMR software, to its newly acquired customers.