Tag: Merits

ELYRIA, Ohio - Invacare Holdings reported its predecessor, Invacare Corp., had net sales of $165.5 million for the first quarter 2023, a decrease of 17.7% compared to the same period last year.  During the first quarter, Invacare announced that its U.S. entities, including Freedom Designs and Adaptive Switch Laboratories, had filed for Chapter 11 bankruptcy. They emerged from bankruptcy on May 5.  “Year-to-date, we've made tremendous strides in all aspects of the company’s...

A technology stalwart in the home medical equipment industry, complex rehab equipment hasn’t let the two-year pandemic slow down advancements in the field. If anything, the industry has gained momentum and manufacturers are working harder than ever to add more high-tech features to their products.  “The past two years have really pushed everyone to determine alternative solutions to provide clients equipment,” said Jay Brislin, vice president of Exeter, Pa.-based Quantum...

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...

ORLANDO, Fla. – Rotech Healthcare has obtained $425 million in new financing via an amended and reinstated credit agreement with a diverse group of lenders. The provider used part of the proceeds to pay a $100 million dividend to its holding company and will use the remainder to support growth through strategic acquisitions. “This new credit agreement provides Rotech with sufficient capital over the next five years to continue our growth strategies, as well as to provide a $100...

FORT MYERS, Fla. – Merits USA and its sister brands Avid Rehab, Precision Comfort and Pilot have named Mike Laiman as their new president. “As Merits continues to grow, we are excited to bring Mike on board,” said Dave Jones, executive sales director, Merits. “I believe his experience and goals align with the vision we have had for Merits.” Laiman, who is coming out of retirement to take the position at Merits, has a long history in manufacturing, including...

FORT MEYERS, Fla. - Merits USA and its sister brands Avid Rehab, Precision Comfort and Pilot have promoted Bret Tracy and Kirk Grau to regional sales directors. Tracy was previously the eastern regional sales manager and Grau was the western regional sales manager. “Kirk and Bret have consistently met and exceeded sales goals and have showcased nothing short of exemplary leadership,” said Dave Jones, executive sales director at Merits. As regional sales directors, Tracy and Grau will...

WASHINGTON - Round 2 of Medicare's competitive bidding program does not appear to have impacted access to oxygen or enteral supplies for most beneficiaries, according to two new reports from the Office of Inspector General.The OIG analyzed claims data from three months before and six months after the July 1, 2013, kick-off of the program in both CBAs and non-CBAs.For oxygen, the OIG found that Medicare payments continued for 86% of beneficiaries in CBAs and 89% of beneficiaries in non-CBAs. Those...

Cape Coral, Fla.-based Merits Health Products has promoted Kevin Liu to president and Chris Blackmore to vice president of sales and business development. Liu has helped the company launch two new divisions, Avid Rehab for complex rehab and Pilot for home accessibility. He has also helped the company open new distribution centers and increase internal operating efficiencies. For his part, Blackmore has helped Merits increase sales by 300% in the past three years� Brent Shafer, CEO of North America...

CAPE CORAL, Fla. - Merits Health Products has launched a new home access division called Pilot. The division currently offers an economical straight stair lift that it says is easy to work on and can be adjusted to fit most applications. Later this year, Pilot plans to launch additional products, with the goal of offering a full line of home accessibility products. Andy and Lisa Scothern are heading up the new division. “We are thrilled to have them on board,” said Chris Blackmore, national...

CAPE CORAL, Fla. - Avid, the new complex rehab division of Merits Health Products, has launched its first power wheelchair and has added two industry veterans to its team to promote the product."The Vector couldn't have a more timely launch,” said Dave Jones, who has been named national rehab sales manager. “The market needs complex rehab products with the right features that are economically sound. With reimbursement cuts, manufacturers must develop products that meet the needs of end...