Tag: Pacific Pulmonary
Uncertainty kills Teijin's bid for US HME market
May 12, 2017Theresa Flaherty, Managing Editor
YARMOUTH, Maine - Teijin Limited's recent announcement that it was exiting the U.S. homecare market is a textbook example of the cooling off of a once red-hot market, say industry analysts.“We've seen these guys coming in and going out like a revolving door,” said Rick Glass, president of Steven Richards & Associates. “The U.S. is such a big market that it looks desirable to these overseas players and then they get in here and find out it's a little more complicated than that.”Teijin...
The Scooter Store: Will an indictment be next?
February 22, 2013Elizabeth Deprey
NEW BRAUNFELS, Texas - Federal and state officials, as well as The Scooter Store, are keeping a tight lid on the details of a raid at the company's corporate headquarters.
The FBI joined the Office of the Inspector General (OIG) and the Medicaid Fraud Control Unit of the Texas Attorney General's Office to execute a search warrant at 9 a.m. Feb. 20 as part of an ongoing probe into possible Medicare fraud. The agencies left the premises at 2 p.m. Feb. 21.
“We were all present conducting...
M&A: Teijin 'nibbling'
July 25, 2011HME News Staff
It remains to be seen whether BioSolutions will make any inroads into the HME market, but that got us wondering about another foreign-based company: Teijin.
The Tokyo-based respiratory giant made a splash in 2008, when it acquired three separate HME companies: Amherst, N.Y.-based Associated Healthcare Systems, Glen Falls, N.Y.-based Home Therapy Equipment; and Bakersfield, Calif.-based Braden Partners, which does business as Pacific Pulmonary Services.
But what have they been up to since then?
"They've...