Tag: Cardinal Health

Well, 2022 is certainly starting off with a bang. The first rumblings that big things are going to happen this year was an announcement on Jan. 6 by Stryker that it plans to acquire Vocera Communications. This does not have a direct impact on the HME industry, per se, but it does speak to large players in mostly the acute care space getting more serious about extending their reach beyond hospitals. Stryker said Vocera brings a portfolio of products to address “the increasing need for...

BOWIE, Md. - Inovalon has inked a five-year deal with Cardinal Health to provide its ScriptMed Cloud platform to Cardinal's DME and medical supplies business. The platform's connectivity, supplemental clinical data and process-specific analytics automate and streamline processes. “Cardinal Health is investing in the digital forefront of technologies to deliver high-quality care to our customers,” said Ryan Schorr, general manager of the direct-to-patient business at Cardinal Health. “Implementing...

WASHINGTON - Industry stakeholders are pushing providers to act fast on a bill delaying the inclusion of non-invasive ventilators in competitive bidding for five years.They'd like to get as many co-sponsors for the bill, known as the “Safeguarding Medicare Access to Respiratory Therapy (SMART) Act of 2019,” ahead of the upcoming Thanksgiving recess, and they suggest focusing first on the 180 representatives who signed a letter asking CMS to drop vents from the program.“If you are...

Invacare has entered into agreements to exchange $72.9 million in convertible senior notes due in 2021 for $72.9 million in senior notes due in 2024, plus approximately $6.9 million in cash. After closing these transactions, $61.1 million in aggregate principal amount of the 2021 notes will remain outstanding with terms unchanged…Cardinal Health at-Home is now a bronze-level corporate partner of AAHomecare. Cardinal is a distributor of home medical supplies to more than 12,000 commercial customers...

SUWANEE, Ga. - UroMed, a provider of urological, incontinence and other disposable medical supplies, will close on July 8, according to a letter to its customers.“We apologize for any inconvenience this closure may cause; however, over the next few weeks UroMed will be working diligently to ensure a seamless transition of care to another provider of your choice in accordance with your plan's network,” reads the letter, signed by Ryan Schorr, vice president and general manager.UroMed was...

A. As a provider you undoubtedly face many challenges, whether from changes in reimbursement, staffing, operations, or competitive pressures. With all these potential focus areas, it's hard to determine where to allocate your limited resources. For some, growth and diversification is the answer.Why? This is ultimately the question you need to ask yourself. Why do I want to expand, and why is it important? When working with a provider partner, the biggest question we ask is, how many of your patients...

DUBLIN, Ohio - Cardinal Health has entered into a definitive agreement to buy the patient care, deep vein thrombosis and nutritional inefficiency business of Medtronic for $6.1 billion in cash.Total revenues for that business, which encompasses 23 product categories across multiple market settings, were $2.3 billion for the 12 months ending October 2016. More than 70% of total sales were in the U.S., according to a press release.“Given the current trends in health care, including aging demographics...

GOLETA, Calif. - Inogen last week reported double-digit increases in total revenues and net income for the second quarter ended June 30, 2016.The company reported total revenues of $54.6 million for the quarter, a 23.9% increase compared to the same period last year. It reported a net income of $5.1 million, a 48.7% increase.“Our strong results in the second quarter of 2016 reflect exceptional performance in our domestic business-to-business sales channel, which demonstrated 61.3% revenue growth...

DUBLIN, Ohio - Cardinal Health has reported revenues of $31.4 billion for the fourth quarter of fiscal year 2016, a 14% increase compared to the same quarter last year. It reported revenues of $121.5 billion for fiscal year 2016, a 19% increase compared to 2015. “We finished fiscal 2016 having generated the highest revenues, the largest GAAP and non-GAAP operating earnings, and the greatest operating cash flow in our company's history,” said George Barrett, chairman and CEO. “The...

DUBLIN, Ohio - Cardinal Health's recent $290 million acquisition of a majority stake in naviHealth allows the company to bring more than medical surgical products and services to the table for health systems, says Michael Petras.Using proprietary tools, Brentwood, Tenn.-based naviHealth makes an assessment on the site of care, the length of stay and the therapy that a patient should receive in a post-acute care setting.“We see this as part of building a post-acute care position for Cardinal...