Tag: Hasco Medical
VMI's Eaton analyzes consolidating accessibility market
September 4, 2015Tracy Orzel
PHOENIX - There's at least one person who's not worried about consolidation in the wheelchair accessible van market: Doug Eaton.Eaton, president and CEO of Vantage Mobility International, which manufactures and distributes wheelchair accessible vehicles, says having fewer providers allows his company to concentrate its resources and grow through economies of scale.It helps that Eaton approves of the latest consolidator in the market: MobilityWorks, which recently announced a merger agreement with...
MobilityWorks consolidates accessible van market
August 21, 2015Tracy Orzel
AKRON, Ohio - MobilityWorks, a national chain of wheelchair accessible van providers, has entered into a merger agreement with Hasco Medical, significantly strengthening its presence on the East Coast.MobilityWorks has 35 locations in 13 states, while Hasco has 22 locations in 11 states, including Connecticut, Massachusetts, New Hampshire, Vermont and Maine, as well as nine locations in Florida.“MobilityWorks is currently the largest supplier in the United States of wheelchair accessible vehicles...
Hasco reports double-digit growth
March 31, 2015HME News Staff
ADDISON, Texas - Hasco Medical, a provider of wheelchair accessible vehicles, reported net revenues of $91 million for 2014, a 24.8% increase compared to 2013.It reported net income of $2.1 million, a 160% increase.“Our team continues its excellent execution by driving sales in our wheelchair vehicle sales and services business,” stated CEO Hal Compton in a press release. “These results are a testament to the increasing success of our brands and the successful delivery of our growth...
Hasco Medical secures $1M in credit
March 5, 2015HME News Staff
ADDISON, Texas - Hasco Medical has secured an additional line of credit with Hancock Bank, the company announced this week. Hasco will use a $1 million secured revolving line of credit from the bank to grow BraunAbility and Vantage Mobility, and to acquire companies and dealerships throughout the U.S., according to a press release. “This new facility allows us the flexibility to act on acquisitions that we may not otherwise have been nimble enough to act on in the past,” stated Shane...
Hasco teams up with taxi service
December 12, 2014HME News Staff
ADDISON, Texas - Hasco Medical's Ride-Away has partnered with Uber to offer discounts and preferred financing rates on wheelchair accessible vehicles in the Washington, D.C., area. “Our partnership with Uber is a major milestone and provides strong validation of our leading vehicular mobility solutions,” said Hasco CEO Hal Compton. Launched in 2011, Uber is a taxi service company that connects riders and drivers through a mobile app.
Hasco performs well in third quarter
November 20, 2014HME News Staff
ADDISON, Texas - Hasco Medical's revenues were $23.8 million for the third quarter of 2013, a 22% increase over third quarter 2013. The handicap-accessible vans, parts and service provider's gross profit increased 34% to $6.3 million over the same quarter a year ago, while net income increased 93% to a record $0.8 million vs. 2013. The overall growth is attributed to an increase in private-pay business for van sales, and the addition of Auto Mobility Sales, acquired last September, stated a press...
Hasco Medical's Q2 revenues jump 28%
September 4, 2014HME News Staff
ADDISON, Texas - Hasco Medical's net revenues for the second quarter of 2014 were $24 million, up 28% from the same quarter last year, the company has announced. Gross profit was $5.1 million vs. $4.3 million. Revenues in the first half of 2014 totaled $44.5 million, up 32% from the same period last year. Gross profit was $10.4 million vs. $7.8 million. The company credits increased private-pay business for accessible vans and contributions from Auto Mobility Sales, which it bought last September,...
This week in short takes
August 8, 2014HME News Staff
Life After Spinal Cord Injury (LASCI), a motivational program offered by Suwanee, Ga.-based UroMed, has hit 35,000 followers on Facebook. LASCI was created in 2010 to help people who use wheelchairs find more information about motivational speaking programs and other resources to assist them with daily living…Appleton, Wis.-based Bill-Ray Home Mobility, maker of “Friendly Beds,” has a new location at 3000 E Enterprise Avenue with a bigger display area. “Friendly Beds” is...
Hasco Medical exits HME
July 2, 2014HME News Staff
ADDISON, Texas, and OCALA, Fla. - Hasco Medical has sold its Certified Medical business so that it can focus on its mobility vehicle business, it announced today. "The divestiture represents our complete departure from the durable medical equipment business and makes HASCO the only public company operating in the retail market for handicap-accessible vehicles," said Hal Compton, Hasco CEO, in a release. Hasco offers handicap accessible vans, parts and services through 19 locations. Its brands include...
Hasco launches updated website
January 20, 2014HME News Staff
ADDISON, Texas - Hasco Medical has overhauled its Mobility Freedom website, adding inventory search capabilities and an interactive interface to help consumers search for wheelchair vans. “We determined there is not a perfect off-the-shelf software solution in the automotive market that helps our consumers find the perfect wheelchair van,” said Damon Didier, marketing director, in a release. “We designed our custom inventory search tools with our customers in mind, enabling them...