Tag: Drive DeVilbiss Healthcare

WASHINGTON – CMS has instructed the Medicare Administrative Contractors (MACs) to hold all claims with dates of service on or after April 1, 2021, for a short period, in anticipation of possible congressional action to extend the moratorium on the 2% sequestration cuts.  “This will minimize the volume of claims the MACs must reprocess if Congress extends the suspension,” CMS wrote in a March 30 bulletin. “The MACs will automatically reprocess any claims paid with the...

PORT WASHINGTON, N.Y. – Drive DeVilbiss Healthcare has named Derek Lampert CEO.  Lampert, who has more than 20 years of experience in the DME industry, joined Drive as a territory sales manager in 2003 and has held a variety of roles at the company. In 2020, he assumed responsibility for North American manufacturing operations as COO and global and commercial operations as president.  “At Drive, the belief is that we build our people so that they can...

PORT WASHINGTON, N.Y. - Drive DeVilbiss Healthcare CEO Bob Gilligan has stepped down, the company announced Nov. 19.Drive's board of directors has appointed former Dentsply Sirona executive Robert Size as its new CEO. He will assume day-to-day leadership of the company and will also join the board.“We thank Bob Gilligan for his leadership and valuable contributions to Drive,” said John Compton, chairman of the board. “We are confident that Bob Size will lead Drive into a phase of...

PORT WASHINGTON, N.Y. - Drive DeVilbiss Healthcare has successfully closed on a deal that will give it $35 million in new capital. The transaction, first announced Sept. 20, also reduces its cash debt service obligations from its current lenders of approximately $100 million over the next two and a half years. “This transaction provides the improved capital structure and new funding required to fuel the execution of Drive's business plan,” said Bob Gilligan, CEO. The Wall Street Journal...

PORT WASHINGTON, N.Y. - HME providers say they're keeping an eye on Drive DeVilbiss Healthcare, now that it has been reported the company is $600 million in debt.“We do buy from them and rely on them, so it's troubling,” said John Quinlan, president of the Northeast Medical Equipment Providers Association (NEMEP) and owner of Quinlan's Pharmacy & Medical Supply in Wayland, N.Y.The Wall Street Journal reported on Sept. 4 that Medical Depot, which operates Drive DeVilbiss, has begun restructuring...

PORT WASHINGTON, N.Y. - Medical Depot, which operates as Drive DeVilbiss Healthcare, has begun restructuring talks with its senior lenders, the Wall Street Journal has reported. In a bid to avoid filing for bankruptcy, a group of lenders and advisors is trying to reach an out-of-court deal to restructure $600 million in debt, according to the newspaper. Lenders recently signed a nondisclosure agreement to access privileged information about the company, it has reported.The advisors include the law...

NASHVILLE, Tenn. - National Seating & Mobility has opened a branch in Bangor, Maine—its first in the state, it announced last week. The provider also plans to open a branch in Portland this spring. “We are proud to add these new locations and experienced professionals to the NSM family and look forward to partnering with healthcare providers to serve clients in these communities,” said CEO Bill Mixon. In December, NSM opened a branch in Anchorage, Alaska.Compass Health completes...

PORT WASHINGTON, N.Y. - Drive DeVilbiss Healthcare will recognize World Sleep Day on March 16 to raise awareness of the importance of sleep and the prevalence of undiagnosed sleep apnea specifically in Latin America. In a study to determine the most common sleep disorders in four Latin American countries published in the Journal of Clinical Sleep Medicine, 60.2% of subjects reported snoring, 16.4% reported excessive daytime sleepiness and 12.3% reported observed apneas. “Poor quality sleep...

ELYRIA, Ohio - Invacare will reduce its workforce by about 110 employees to generate $8.5 million in pre-tax savings, the company announced Dec. 7.The move, which affects employees in North America, is part of a multi-year strategic plan to transforms Invacare into a more clinically focused company, says Matthew Monaghan, chairman, president and CEO.“This reduction in force, while difficult, is an essential part of the second phase of our transformation toward becoming a more sustainably profitable,...

YARMOUTH, Maine - Drive DeVilbiss Healthcare and Invacare have joined the growing ranks of HME manufacturers that have launched online communities for consumers.Inspired by Drive, a division of Drive that makes positioning and mobility products for the pediatric market, launched “Live Inspired,” an online community for families with children with special needs, in August.“It helps us stay competitive, but it's more about wanting to show that we're committed to these families,”...