Tag: POC

SAN DIEGO – ResMed incurred a $13.9 million restructuring expense in the second quarter of its fiscal year 2021 as a result of closing its portable oxygen concentrator business.  The company stopped selling its Mobi POCs in November.  “Going forward, the cessation of the POC business will have an immaterial impact on both group revenue and earnings per share,” said Brett Sandercock, CFO, during a conference call on...

GOLETA, Calif. - Inogen reported $71.7 million in total revenue for the second quarter, a 29.1% decrease compared to the same period in 2019. It reported net income of $2.6 million vs. $10.2 million. “The COVID-19 PHE had a meaningful impact on our business in the second quarter as we saw lower demand across all sales channels, which we believe was largely due to shelter-in-place orders, lower travel, and fewer new oxygen referrals due to limited physician office visits,” said Scott Wilkinson,...

ORLANDO, Fla. - OxyGo will host its first Oxygen EXPO2 on Jan. 21 at OxyGo Southern in Orlando, Fla., with experts giving sessions on the future of respiratory. “The Oxygen EXPO2 will present the best of what is new and next in the industry,” said Victoria Marquard-Schultz, CEO of OxyGo, a manufacturer of a line of portable oxygen concentrators. The one-day event will include a keynote session by Franck Rahagi, MD, MH, FCCP, director of respiratory care at Cleveland Clinic Florida Hospital...

JACKSON, Wyo. - OxygenToGo has been tapped by Virgin Atlantic to provide portable oxygen concentrators to passengers requiring medical oxygen onboard flights. The provider also offers pre-board screening services to ensure passengers have the proper equipment, batteries and medical clearance. “Making travel easy, safe and cost effective for medical oxygen dependent passengers has been our goal,” said Dr. Brent Blue, medical director. “Our services provide peace of mind for each...

BOULDER, Colo. - Quality Biomedical has been appointed a national service provider by GCE Group. Quality Biomedical will provide both warranty and out-of-warranty service and repair for GCE's Zen-O and Zen-O Lite range of portable oxygen concentrators starting Aug. 23. Jim Clement, GCE's general manager of operations in the U.S., said a big factor in the company's decision was Quality Biomedical's national presence in five major markets, with plans to expand to 12 over the next 18 months. “This...

ORLANDO, Fla. - OxyGo has launched a new six-flow setting, Bluetooth-enabled portable oxygen concentrator. The OxyGo NEXT, which weighs only 4.7 pounds, features a wireless connectivity platform that includes a provider dashboard and mobile application for patients to use through mobile devices. The My OxyGo App provides real-time monitoring to help with troubleshooting, concentrator health checks, preventative maintenance and geo-locating. “Patients on oxygen are always concerned about their...

CHARLOTTE, N.C. - Portable Oxygen Solutions took No. 2980 on the Inc. annual list of 5,000 fastest growing privately held companies in the United States for 2019. The company, which specializes in portable oxygen concentrators and accessories, reported three-year growth of 125% and 2018 revenue of $2.6 million. Portable Oxygen Solutions was founded in 2013 and has five employees. It is led by Todd Flesch and Jeff Dewberry. The company ranked 1055 on the list in 2018.

NORTHHAMPTON, Pa. - Precision Medical will have not only a new portable oxygen concentrator but also a new brand and website some time this fall.The company plans to launch a new five-liter POC called Live Active Five with features that include a dual-curved body (so users can wear it on their right or left hip); a replaceable lithium ion battery with up to 6.5 hours of life; and vacuum pressure swing adsorption technology for cleaner and longer-lasting sieve beds.“We have a blog called Live...

GOLETA, Calif. - Inogen reported total revenue of $101.1 million for the second quarter of 2019, a 3.9% increase over the same period in 2018. It's the first time the company has surpassed $100 million in revenue in a single quarter. Inogen reported a net income of $10.2 million vs. $14.6 million. Direct-to-consumer sales increased 14%, primarily due to sales rep productivity, partially offset by an about 17% reduction in sales rep headcount in the second quarter of 2019 compared to the...

NEW YORK - Providers expect only 2.6% growth in their POC purchases over the next 12 months, according to a new survey from Needham & Company.This, despite also expecting POCs to increase from 21.5% of the ambulatory oxygen market to 31.5% over the next 12 months, according to the 2Q19 HME Oxygen, Sleep and Complex Rehab Survey.Additionally, providers report Applied Home Healthcare's OxyGo as the highest rated POC at 5.1 out of 7, followed by Applied's OxyGo Fit.On the sleep side, providers say their...