Tag: Option Care
In brief: Golden moves faster, transportation delays persist, AdaptHealth buys Keene
April 15, 2022HME News Staff
OLD FORGE, Pa. – Golden Technologies on April 4 decreased lead times on in-stock power lift recliners to one week and custom build orders to six weeks.
Over the last 12 months, the company says it has been working hard to expand a diverse supply chain for parts and products to ensure a continuous supply of products and services and has opened a new distribution center that spans 170,000 square feet.
“As part of our continued operational and logistics improvement...
Option Care credits new therapies, infusion suites for growth
November 12, 2021Theresa Flaherty, Managing Editor
BANNOCKBURN, Ill. – Option Care Health recorded its second straight quarter of “high-teens growth” for its chronic therapy portfolio and sees ongoing opportunity in the $100 billion market, says CEO John Rademacher.
“We did have some new therapies that were introduced that we continue to see traction on moving forward,” he said on a recent call to discuss the company’s third quarter earnings. “I think, as we have defined the market, it's $100...
In brief: Inogen growth, Permobil expansion, vax requirements
November 5, 2021HME News Staff
GOLETA, Calif. – Inogen reported $93.1 million in total revenue for the third quarter of 2021, up 25.3% from the same period last year.
By business segment, it reported $36.3 million in revenue for domestic direct-to-consumer sales, up 24.6%; and $12.1 million for rentals, up 61.3%.
“I continue to be pleased with the sustained demand we are seeing for our market-leading portable oxygen concentrators, in spite of the challenging supply chain environment,” said Nabil...
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...
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,...
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...
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,...
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...
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...
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...