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Tag: Option Care


Specialty Providers

Option Care acquires Infinity Infusion Nursing

October 4, 2021HME News Staff

BANNOCKBURN, Ill. – Option Care Health has acquired Infinity Infusion Nursing for $50 million in cash.  Infinity Infusion, founded in 2017, has a network of more than 1,300 nurses across 49 states.  “I am personally very excited to welcome the Infinity team to our existing clinical organization of more than 2,900 nurses, pharmacists, pharmacy technicians, respiratory therapists and dieticians,” said John Rademacher, Option Care Health CEO. “The clinical capabilities...

Home Infusion, Infinity Infusion Nursing, M&A, Option Care


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In brief: Option Care Health and Viemed results, TexMEP exec, Heartland registration

May 7, 2021HME News Staff

BANNOCKBURN, Ill. – Option Care Health reported revenue of $759.2 million for the first quarter of 2021, an increase of 7.6% compared to $705.4 million for the same period last year.   Gross profit was $165.5 million, or 21.8% of net revenue, and adjusted EBITDA was $52.2 million for the quarter.  “The Option Care Health team delivered solid financial results in the first quarter while continuing to lay the foundation for sustained growth,” said John Rademacher,...

Heartland, Medtrade, Option Care, TexMEP, Viemed


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Specialty Providers

Option Care Health 'cautiously optimistic'

November 30, 2020Theresa Flaherty, Managing Editor

BANNOCKBURN, Ill. - Option Care Health saw broad improvement in the third quarter, as referrals increased after a tough second quarter. The company delivered $781.6 million in net revenues for the third quarter of 2020 compared to $615.9 million for the same period in 2019, a 27% increase. “Our chronic portfolio continues to benefit from the transfer of patients from hospitals and other sites of care to the home or one of our infusion suites,” said CFO Mike Shapiro. “Acute referrals...

Coronavirus Outbreak, Home Infusion, Option Care


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In brief: Spiro Health grows, FDA warns, AAH comments

November 6, 2020HME News Staff

SANDWICH, Mass. - Spiro Health has acquired Absolute Respiratory Care in Johnston, R.I., further cementing its presence in New England and the Northeast.  Absolute Respiratory Care offers a full range of home medical equipment and supplies with a focus on sleep services. Through wireless monitoring, the provider has created a touchless telehealth model for sleep therapy.  “Absolute Respiratory Care is excited to join with the team at Spiro Health,” said Jayne Matoian,...

aahomecare, CareCentrix, Insulet, NHIA, Numotion, Option Care, Spiro Health


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Specialty Providers

Option Care Health weathers 'turbulent period'

August 14, 2020Theresa Flaherty, Managing Editor

BANNOCKBURN, Ill. - Option Care Health saw a decline in new patient referrals during the second quarter of 2020 due to COVID-19, but that was offset by growth in its chronic care business, says CEO John Rademacher.“Patient transfers onto service with us from other sites of care drove low double-digit growth in the second quarter,” said Rademacher during a conference call to discuss the company's recent financial results. “We continue to work with referral sources and payers to identify...

Coronavirus Outbreak, Home Infusion Therapy, John Rademacher, Option Care


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Option Care sees significant impact from pandemic

August 5, 2020HME News Staff

BANNOCKBURN, Ill. - Option Care Health reported net revenue of $740.8 million for the second quarter ended June 30, a 49% increase compared to the same period in 2019. The company noted, however, that given the merger between Option Care and BioScrip comparisons to historical periods are relative to Option Care only and incorporate BioScrip results from Aug. 6, 2019, prospectively. Option Care reported a net loss of $7.7 million vs. $13.6 million. “I am very pleased with the second quarter...

Coronavirus Outbreak, Financial Results, Home Infusion, Option Care


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In brief: Solara Medical Supplies acquires Active Healthcare, ResMed launches digital tool for selecting masks

May 22, 2020HME News Staff

CHULA VISTA, Calif. - Solara Medical Supplies has acquired the diabetes division of Active Healthcare.The Raleigh, N.C.-based Active Healthcare, a provider of CGMs, insulin pumps and supplies, was founded in 1990 by Steven and Lisa Feierstein.“We are proud of what we have built at Active Healthcare and our diabetes team is excited to grow further with the capabilities that Solara provides,” said Lisa Feierstein.The deal is Solara's fourth acquisition following its investment by Linden...

Active Healthcare, AdaptHealth, NSM, Option Care, Protech, ResMed, Solara Medical Supplies


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In brief: Invacare improves adjusted EBITDA, Option Care Health sees 'robust' growth

May 8, 2020HME News Staff

ELYRIA, Ohio - Invacare reported net sales of $218.4 million in the first quarter, a 2.2% decrease compared to the same period last year.It reported $87 million in net sales for North America, specifically, about a 1% increase, driven by increased respiratory and mobility and seating product sales.The company saw a 4% increase in mobility and seating product sales, driven by a 16% increase in power wheelchairs and offset by a decline in manual mobility product sales. Gross profit was $63 million...

aahomecare, Invacare, National Seating & Mobility, Option Care, Vertess, Viemed


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Earnings round-up: Invacare improves adjusted EBITDA, Option Care sees 'robust' growth

May 7, 2020HME News Staff

ELYRIA, Ohio - Invacare reported net sales of $218.4 million in the first quarter, a 2.2% decrease compared to the same period last year.It reported $87 million in net sales for North America, specifically, about a 1% increase, driven by increased respiratory and mobility and seating product sales.The company saw a 4% increase in mobility and seating product sales, driven by a 16% increase in power wheelchairs and offset by a decline in manual mobility product sales.Gross profit was $63 million for...

Home Infusion Therapy, Home Medical Equipment, Invacare, Option Care


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Earnings wrap-up: Inogen down; OptionCare, Viemed up

November 6, 2019HME News Staff

GOLETA, Calif. - Inogen reported total revenues of $91.8 million for the third quarter of 2019, a 3.7% decrease compared to the same period last year. Net income was $6.9 million vs. $16.4 million. Direct-to-consumer sales decreased to $37.8 million in the third quarter this year compared to $38.3 million for the same period last year, a decrease that was primarily due to a 40% reduction in its sales rep headcount, offset by increased productivity. Domestic business-to-business sales were flat,...

Inogen, Option Care, Viemed Healthcare


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