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Tag: Financial Results


Providers

AdaptHealth sees 'resilience' in HME

May 10, 2022HME News Staff

PLYMOUTH MEETING, Pa. – AdaptHealth delivered “solid” net revenue of $706.2 million for the first quarter of 2022, an increase of 46.5% over the same period the previous year.  Organic growth for the quarter was 3.7% and non-acquired growth was 3.7%  “We are very pleased with our strong start to the year,” said Steve Griggs, CEO. “During the quarter, we have seen continued strength in our diabetes product line, consistent with our expectations,...

AdaptHealth, CPAP set ups, Financial Results


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Vendors

Invacare juggles demand, costs

May 10, 2022HME News Staff

ELYRIA, Ohio – Invacare reported net sales of $201 million for the first quarter of 2022, a 2.4% increase compared to the same period last year.  For North America, net sales were $75.3 million vs. $76 million, a 0.9% decrease, with double-digit growth in sales of mobility and seating products offset by lower sales of lifestyle and respiratory products.   "In 1Q22, we delivered 2.4% reported net sales and 6.4% constant currency net sales growth driven by sales of mobility &...

Financial Results, Invacare


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Vendors

Inogen: ‘We continue to address higher costs’ 

May 6, 2022HME News Staff

IGOLETA, Calif. – Inogen reported total revenue of $80.4 million for the first quarter of 2022, down 7.5% from the same period in 2021, primarily due to supply chain constraints.  The company says, however, that total revenue was up 5.2% sequentially from the fourth quarter of 2021.  Inogen reported revenue of $34.4 million for its domestic direct-to-consumer channel, up 12.2%; and revenue of $5.1 million for its domestic business-to-business channel, down 83.4%. It reported...

Financial Results, Inogen, Portable Oxygen Concentrator


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Vendors

ResMed: ‘Our third-quarter results reflect strong performance’

April 28, 2022HME News Staff

SAN DIEGO – ResMed reported revenue increased 12% to $864.5 million in its third quarter fiscal year 2022. The company reported revenue, excluding software-as-a-service, increased 18% in the United States, Canada and Latin America, primarily due to a recall by one of its competitors and a recovery of core sleep patient flow that has been impacted by the COVID-19 pandemic. “Our third-quarter results reflect strong performance across our business, resulting in double-digit top-line...

CPAP Devices, CPAP recall, Financial Results, ResMed, Sleep Therapy


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Vendors

Philips emphasizes ‘all-time-high order book’ 

April 25, 2022HME News Staff

AMSTERDAM, the Netherlands – Philips reported group sales of EUR 3.9 billion for the first quarter of 2022, with a 4% decline on the back of 9% growth in the same quarter last year.  The company says comparable order intake increased 5%, driven by the Diagnosis & Treatment and Hospital Patient Monitoring businesses.  “Our customers confirm the relevance of our strategy and portfolio, as evidenced by the further growth of our all-time-high order book,” said Frans...

Financial Results, Philips, Philips Respironics


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Specialty Providers

Viemed reports record quarter 

March 8, 2022HME News Staff

LAFAYETTE, La. – Viemed Healthcare reported net revenues attributable to its core business were $29 million for the fourth quarter ended Dec. 31, 2021, a company record and an 11% increase over the same period in 2020.  Total net revenues were $32 million for the quarter, including $3 million for contact and vaccine tracing services and product sales related to the COVID-19 pandemic; and $117.1 million for the full year, including $8.6 million of COVID-19 related sales and services.  “We...

Financial Results, ventilators, Viemed Healthcare


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Dan Starck

Providers

Apria CEO: ‘2021 was a banner year’ 

February 28, 2022HME News Staff

INDIANAPOLIS – Apria Healthcare has reported net revenue of $296.5 million for the fourth quarter of 2021, up 0.9% compared to the same period in 2020. Net income was $17 million vs. $25.9 million, down 34.5%.  The company reported net revenue of $1.15 billion for the full year 2021, up 3.3% compared to full year 2020. Net income was $64.9 million vs. $46.1 million, up 40.6%.  “We reported solid fourth quarter financial results and 2021 was a good year for Apria,”...

Apria Healthcare, COVID-19 Pandemic, Financial Results, Philips Recall


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Lewis Gradon

Vendors

F&P reports flat home care revenue

November 29, 2021HME News Staff

AUCKLAND, New Zealand – Fisher & Paykel Healthcare reported total operating revenue of $900 million for the first six months ended Sept. 30, 2021, a 1% decrease compared to the same period the previous financial year.  Net profit after tax was $222 million, a 2% decrease.  “For nearly two years now, our customers have been working selflessly to care for patients during a pandemic,” said Lewis Gradon, managing director and CEO. “Our people and suppliers have...

CPAP, Financial Results, Fisher & Paykel Healthcare, Sleep Therapy


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Also Noted

InfuSystem lays groundwork for significant contributions to top line

November 16, 2021HME News Staff

ROCHESTER HILLS, Mich. – InfuSystem Holdings reported net revenues of $26.6 million for the third quarter of 2021, a 6% increase compared to the same period last year. DME services represented revenue of $10 million, a 5% increase. “In the third quarter, we made substantial progress in diversifying and extending our business by securing one new business relationship and being selected for an additional new business relationship, which we expect will drive significant growth in 2022 and...

DME services, Financial Results, InfuSystem, Pain management


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Vendors

Inogen reports growth, but it’s unable to fulfill some orders

November 5, 2021HME News Staff

GOLETA, Calif. – Inogen reported $93.1 million in total revenue for the third quarter of 2021, up 25.3% from the same period last year.  By business segment, it reported $36.3 million in revenue for domestic direct-to-consumer sales, up 24.6%; and $12.1 million for rentals, up 61.3%.  “I continue to be pleased with the sustained demand we are seeing for our market-leading portable oxygen concentrators, in spite of the challenging supply chain environment,” said Nabil...

Financial Results, Inogen, shortages, supply chain constraints


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