Tag: Liberator Medical
Liberator to finalize settlement agreement
December 23, 2015HME News Staff
STUART, Fla. - Liberator Medical Holdings has entered a definitive agreement to settle all allegations related to a complaint that it had violated the False Claims Act, it announced Dec. 22.Liberator previously announced it had reached an agreement in principle to settle the allegations in a civil qui tam complaint. The mail order provider will pay $500,000, along with its share of the plaintiffs' legal expenses, according to a press release.Liberator was accused of engaging in illegal kickback arrangements...
Liberator strengthens C.R. Bard's direct-to-consumer platform
November 25, 2015Theresa Flaherty, Managing Editor
STUART, Fla. - Liberator Medical got a “strong price” when it sold to C.R. Bard recently, analysts say.
Bard, a manufacturer of medical devices for vascular, urology, oncology and surgical specialty fields, agreed to pay $181 million for the provider of home medical supplies, including catheters, ostomy, diabetes and mastectomy.
“That's a very strong price for sure,” said Rick Glass, president of Steven Richards & Associates. “Without a distributor or middleman...
In brief: Device maker buys Liberator, lawmakers seek complex rehab clarification
November 20, 2015HME News Staff
MURRAY HILL, N.J. - C.R. Bard, a manufacturer of medical devices for vascular, urology, oncology and surgical specialty fields, announced last week that it has acquired Liberator Medical for $181 million.
Liberator is a director-consumer-provider of home medical supplies, including catheters, ostomy, diabetes and mastectomy.
“As the population ages and more healthcare is expected to occur outside of the hospital setting, we believe that having direct access to the patient in the home...
Device maker buys Liberator Medical
November 20, 2015HME News Staff
MURRAY HILL, N.J. - C.R. Bard, a manufacturer of medical devices for vascular, urology, oncology and surgical specialty fields, announced today that it has acquired Liberator Medical for $181 million.Liberator is a director-consumer-provider of home medical supplies, including catheters, ostomy, diabetes and mastectomy.“As the population ages and more healthcare is expected to occur outside of the hospital setting, we believe that having direct access to the patient in the home is strategically...
In brief: Settlement dampens Liberator Medical's earnings, senators ask CMS to backpedal on accessories
August 14, 2015HME News Staff
STUART, Fla. - Liberator Medical Holdings has reported net revenues of $20.4 million for its fiscal third quarter ended June 30, 2015, a 9.7% increase compared to the same period last year.
It reported a net income of $1.7 million vs. $2 million, a 15.8% decrease.
The increase in revenues was due primarily to Liberator Medical's continued emphasis on its direct response advertising campaign to acquire new customers.
The decrease in income was due to a one-time expense of $600,000 associated...
Liberator's revenues up, income down
August 11, 2015HME News Staff
STUART, Fla. - Liberator Medical Holdings has reported net revenues of $20.4 million for its fiscal third quarter ended June 30, 2015, a 9.7% increase compared to the same period last year.It reported a net income of $1.7 million vs. $2 million, a 15.8% decrease.The increase in revenues was due primarily to Liberator Medical's continued emphasis on its direct response advertising campaign to acquire new customers.The decrease in income was due to a one-time expense of $600,000 associated with an...
Liberator comes under scrutiny
July 17, 2015Theresa Flaherty, Managing Editor
STUART, Fla. - A Department of Justice investigation into Liberator Medical, among others, could cast a long shadow over the company, say healthcare attorneys.Government investigations can remain open for years, potentially impacting the mail-order supplier in many ways, says attorney Neil Caesar.“It costs a lot in legal expenses, but also in investment potential and other opportunities,” said Caesar, president of the Health Law Center. “Reputation in the marketplace can suffer...
In brief: Sunrise Medical up for sale, Liberator adds customers
May 15, 2015HME News Staff
FRESNO, Calif. - Equistone Partners has put Sunrise Medical up for sale, according to Reuters. The European-based investment firm is considering offers from IK Investment Partners and Nordic Capital in a potential $507 million deal, the news agency reports. Equistone Partners, which is owned and managed by the former executives of Barclays Private Equity, is also considering an offer from “a family office,” a vehicle handling the assets of a wealthy family, Reuters reports. Equistone...
New customers boost Liberator's financial results
May 12, 2015HME News Staff
STUART, Fla. - Liberator Medical added 5,758 new customers in the first two quarters of fiscal year 2015, the company announced May 11.“For the remainder of 2015, we intend to build this base through our proven direct response advertising efforts,” stated Mark Libratore, president and CEO, in a press release detailing the company's financial results for the second quarter ended March 31.Another emphasis for Liberator: retaining existing customers through “uncompromising” customer...
Moneyline: Liberator, Oncologix
February 25, 2015HME News Staff
Liberator Medical Holdings has approved a quarterly cash dividend of $.0325 per common share payable April 10. This is the ninth cash dividend paid by the Stuart, Fla.-based provider…Oncologix Tech has retired another convertible note. Over the past several months, the Kentwood, Mich.-based company has retired similar notes, eliminating the issuance of more than 55 million shares.