Tag: Cape Medical

GLEN BURNIE, Md. - VirtuOx is seeking to acquire the assets of NovaSom, which filed for Chapter 11 Aug. 2.Per the court documents, filed in the United States Bankruptcy Court for the District of Delaware, NovaSom seeks to sell virtually all of its assets to VirtuOx through a stalking horse auction; the estimated purchase price is $5.3 million. NovaSom, a provider of home sleep testing, was founded in 1992 and manufactures the AccuSom, which features continuous patient support and next-day test results....

SANDWICH, Mass. - Cape Medical Supply has acquired New England Medical Homecare, a long-time provider of sleep therapy services in Auburn, Mass.New England Medical's location in Auburn becomes Cape Medical's fourth full-service location and adds Worcester, Middlesex and parts of Norfolk counties to its service area.“As we continue to explore our strategic options for succeeding in a changing and crowded healthcare market, bringing our industry-leading sleep therapy program to one of the most...

WASHINGTON - The Council for Quality Respiratory Care says the findings of a recent Office of Inspector General report further demonstrate the need to slow down the national rollout of Medicare's competitive bidding program.“Federal policymakers should carefully evaluate the risk for implementing cuts too fast and take measures to ensure access to quality patient care is prioritized and protected,” said Dan Starck, chairman of the CQRC, a coalition of home respiratory therapy providers...