Tag: Cash

MOBILE, Ala. - Supreme Medical has partnered with Green Roads to add CBD products to its roster of distributed products. Green Roads produces more than 50 CBD products that are formulated by a licensed compound pharmacist using high quality, broad-spectrum hemp oil and other natural ingredients, according to a press release. Supreme Medical believes the CBD industry is poised to generate more than $2 billion in revenue by 2020. “This product category represents a huge opportunity to generate...

STRONGSVILLE, Ohio - Roscoe Medical has introduced a minimum advertised price policy for its Viverity line of retail home healthcare products. With a MAP policy, HME providers can be confident that they won't be underpriced by “bargain basement e-commerce retailers,” according to the company. “The goal with our MAP policy is to maintain margin integrity at the HME storefront level and ensure a level playing field across the board for our provider network,” stated Ryan Moore,...

ELYRIA, Ohio - Invacare has secured $23 million in a sale and leaseback transaction. The company has sold and leased back under long-term leases five of its properties located in Ohio and Florida. The net proceeds from the transaction will be used to reduce debt on the company's revolving asset-based credit facility, according to a press release. ''We are pleased that we have completed this sale and leaseback transaction, which is part of our ongoing plan to proactively manage cash and debt in our...

RALEIGH, N.C. - AmeriGlide's online sales are going just fine, thank you, but there are only so many people who will buy lifts via the Internet, says Tim Ziehwein.Ziehwein is a vice president at AmeriGlide, a company that manufactures lifts and, until one year ago, sold them exclusively online. Now AmeriGlide offers a distributor program (similar to a franchise program without the fees) that gives the company a physical presence and allows HME providers to tap into a $300 million home accessibility...

ORLANDO, Fla. - Medtrade will go to new lengths to highlight retail-oriented products at this year's event, Oct. 8-10. A panel of experts will select five products that will be featured in a conference session called “The Best New HME Retail/Cash Opportunities,” Oct. 9 from 1:30-2:30. During the session, which will be moderated by Jim Greatorex, owner of Black Bear Medical, manufacturers will have five to seven minutes to discuss their products. The products will also be featured in a...

MIAMI - John Acosta thinks his timing couldn't have been more perfect.Just when the payment amounts come out for Round 2, he comes along with what he believes is an innovative cash product: male and female versions of a patent-pending pajama top that allows caregivers to easily dress and undress loved ones with limited or no mobility.“This industry really needs a revolution—a new injection of innovation and a new delivery method,” said Acosta, the 29-year-old co-founder of Comfort...

I interviewed Julian Gordon, the president and founder of Amramp, this morning. In case you're not familiar with Amramp: It's a South Boston, Mass.-based manufacturer of portable wheelchair ramps. Just as easily as these ramps are attached to houses they can be taken off. As you can imagine, that makes them very attractive to discerning homeowners and landlords, not to mention consumers who will need them only for a short period of time. Another important thing to know about Amramp: It has been manufacturing...