Tag: ActiveCare

Apria Healthcare has secured a $100 million credit facility from Wells Fargo Capital Finance. “Wells Fargo Capital Finance provided us with a creative and flexible financing package that helps leverage our existing asset base for future growth,” stated Debra Morris, CFO of Apria, in a release. “Our sector of the healthcare industry continues to experience significant change. It is important for us to have a lender that understands these dynamics.” Wells Fargo's healthcare...

OREM, Utah - Patients participating in ActiveCare's diabetes management program saw first-year cost savings of nearly $3,400 each, according to a study published in US Endocrinology. “These findings suggest that even partial improvement of diabetes testing adherence within an employed population may result in substantial attenuation of employee medical expense,” study authors wrote. “The reduction in healthcare costs, even when considering those who did not comply, outweighed the...

WASHINGTON - As this year's congressional session winds down, HME stakeholders are eyeing the “doc-fix” bill as the best vehicle for H.R. 1717. The Senate Finance and House Ways and Means committees are expected to mark up the doc fix bill on Thursday, according to Cara Bachenheimer, senior vice president of government relations for Invacare. If a finalized fix to physician reimbursement is delayed, it would give the industry more time to push H.R. 1717, which has 160 co-sponsors, said...

OREM, Utah - ActiveCare, a diabetes and chronic disease management company, has retained DelMorgan & Co. to serve as its financial adviser, it was announced today.DelMorgan, an investment banking firm, will advise ActiveCare on strategic plans, including investments, and possible acquisitions, divestitures and joint ventures, according to a release.“With a substantial sales pipeline and the need to fund working capital for growth, solving ActiveCare's short-term financial challenges should...