Tag: Oncologix
Oncologix increases sales 'organically'
July 24, 2015HME News Staff
LAFAYETTE, La. - Oncologix on July 21 reported net revenues of $1.2 million for the three months ended May 31, 2015, compared to $988,000 for the same period last year, a 25% increase.The medical holding company reported net revenues of $3.6million for the nine months ended May 31, 2015, compared to $2.7 million for the same period last year, a 34% increase.“We are very pleased with the results of our third quarter fiscal 2015. We increased our division sales revenues by organic growth and...
Oncologix updates on earnings
April 16, 2015HME News Staff
LAFAYETTE, La. - Oncologix, a diversified medical holding company with operating divisions in medical devices, healthcare services and DME sales and distribution, expects to grow annualized revenues to $25 million by the end of 2015, it announced April 14. It also expects to achieve positive EBITDA of more than $2.6 million. “Our stock price does not accurately reflect the hard work and success of our operating activities and it remains severely undervalued,” CEO Wayne Erwin stated in...
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.
Oncologix wins with EsteemCare
February 12, 2015HME News Staff
GRAND RAPIDS, Mich. - Oncologix, a medical holding company, says it has seen increased referrals and revenue growth from its recently acquired subsidiary, EsteemCare, a DME company in South Carolina that is a Medicare contract supplier for respiratory products. New marketing initiatives by EsteemCare have resulted in the company expanding its footprint in two new markets. Additionally, EsteemCare has made changes to its internal operational processes to focus on increased respiratory therapy staffing...
Oncologix makes buy
October 3, 2014HME News Staff
ALEXANDRIA, La. - Oncologix Tech has acquired Esteemcare and Affordable Medical Equipment Solutions, it announced yesterday. The companies, with offices in Columbia and Charleston, S.C., provide respiratory and sleep therapy and hold 45 competitive bidding contracts for CPAP, according to a release. "With $2.5 million in annual revenues and with over 45 additional MSA markets awarded for sales and distribution, the company is uniquely positioned for rapid growth and expansion,” said Wayne Erwin,...