Tag: Coloplast
In brief: AAH rallies for bid relief, Philips recalls more vents, Belluscura beats forecasts
January 28, 2022HME News Staff
WASHINGTON – AAHomecare is calling on providers to contact their members of Congress to sign on as original co-sponsors for draft legislation from by Rep. Markwayne Mullins, R.-Okla., and Paul Tonko, D-N.Y., that would provide reimbursement relief.
The legislation would apply 90/10 blended reimbursement rates for the 13 product categories that were removed from Round 2021 of Medicare’s competitive bidding program. The rates would apply from Jan. 1, 2022, through Dec. 31, 2023.
“A...
Coloplast reports growth
January 27, 2022HME News Staff
HUMLEBAEK, Denmark – Coloplast saw 6% organic growth in its first quarter ended Dec. 31. Reported revenue in DKK was up by 9% to DKK 5,169 million. Organic growth rates by business area were ostomy care 6%, continence care 5%, interventional urology 5% and wound & skin care 12%. EBIT before special items was DKK 1,649 million, a 7% increase from last year, corresponding to an EBIT margin before special items of 32% against 32% last year. EBIT after special items was DKK 1,615 million, a 5%...
Coloplast makes another buy
February 7, 2018Theresa Flaherty, Managing Editor
MINNEAPOLIS - Coloplast has acquired IncoCare Gunhild Vieler GmbH, a direct-to-consumer provider of continence supplies, it announced today. The German company will strengthen Coloplast's presence in southeast Germany, according to a press release. “The acquisition of IncoCare is part of our strategy of pursuing inorganic opportunities to accelerate growth and to strengthen our service offering,” said Lars Rasmussen, Coloplast CEO. In December, Coloplast acquired SAS Lilial, a French...
In brief: Coloplast buys another provider, Medline triples footprint
December 29, 2017HME News Staff
MINNEAPOLIS - Coloplast, which has its U.S. headquarters here but is based in Denmark, announced this month that it has acquired SAS Lilial for a cash consideration of EUR 35.5m or DKK 264m.Lilial is a privately owned French company that distributes catheter and ostomy supplies nationally. It provides patients with products from several different manufacturers, including Coloplast.“The acquisition of SAS Lilial is part of our strategy of pursuing inorganic opportunities to accelerate...
Coloplast buys another homecare provider
December 20, 2017HME News Staff
MINNEAPOLIS - Coloplast, which has its U.S. headquarters here but is based in Denmark, announced this month that it has acquired SAS Lilial for a cash consideration of EUR 35.5m or DKK 264m.Lilial is a privately owned French company that distributes catheter and ostomy supplies nationally. It provides patients with products from several different manufacturers, including Coloplast.“The acquisition of SAS Lilial is part of our strategy of pursuing inorganic opportunities to accelerate growth...
Coloplast reports 8% organic growth for Q3
August 16, 2017HME News Staff
MINNEAPOLIS - Coloplast says its integration of Comfort Medical continues to “progress to plan” and its U.S. chronic care business saw double-digit organic sales growth in the third quarter. The company, which has its U.S. headquarters here but is based in Denmark, announced last year that it was buying Coral Springs, Fla.-based Comfort Medical for $160 million in cash, combining a manufacturer of ostomy, urology, continence and wound care supplies with a provider of those supplies. Overall,...
Short takes: Coram, Coloplast
April 4, 2017HME News Staff
Coram CVS Specialty Infusion Serviceshas made Functional Formularies feeding tube and oral meal replacement formulas available to its customer base. Liquid Hope and Nourish, adult and pediatric certified organic, whole foods formulas, will be available through Coram, making them even more accessible to thousands of individuals and families coping with a wide-range of challenging health conditions, from cancer to ALS, Parkinson's and MS. “Our new partnership with Coram shows the industry, which...
M&A market holds steady in 2016
January 6, 2017Theresa Flaherty, Managing Editor
YARMOUTH, Maine - The pace of acquisitions slowed down a bit in 2016, but overall it was a decent year for buyers, say analysts.“The big deals have stalled out a bit, but you have a lot of people that are shopping and acquiring the small patient add-on deals,” said Brad Smith, managing partner at Vertess, a Tucson, Ariz.-based M&A advisory firm. “If you have $10 million to spend, you could get one really nice company or you could buy a whole ton of patient lists, which have more...
Coloplast deal signals larger trend
December 9, 2016Theresa Flaherty, Managing Editor
MINNEAPOLIS - Coloplast's willingness to pay an eye-popping $160 million for Comfort Medical points to the attractiveness of the disposable medical supplies market, say analysts.“Urologicals and catheters, in particular, check so many lists,” said Brad Smith, managing partner at Vertess, a Tucson, Ariz.-based M&A advisory firm. “It's disposable, it's ordered monthly, it has good reimbursement, and you can drop ship what you need so there's little infrastructure or overhead needed.”Coloplast,...
In brief: Coloplast buys Comfort Medical for $160M, senators introduce bill to preserve access to diabetes supplies
December 2, 2016HME News Staff
MINNEAPOLIS - Coloplast, which has its U.S. headquarters here but is based in Denmark, has entered into a definitive agreement to acquire Coral Springs, Fla.-based Comfort Medical for $160 million in cash, the company announced Nov. 30.The deal, if completed and approved by authorities, combines a manufacturer of ostomy, urology, continence and wound care supplies with a provider of those supplies.“The acquisition of Comfort Medical fits very well into our overall consumer ambition for Coloplast...