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Tag: Respiratory Therapy


Providers

Quipt acquisition adds new vertical

November 23, 2021HME News Staff

CINCINNATI – Quit Home Medical has executed a non-binding letter of intent to acquire an “arm’s length” private respiratory care company servicing seven states throughout the U.S. reporting unaudited trailing 12-month annual revenues of about $14 million, $1 million in net income and positive adjusted EBITDA.  The acquisition adds a new vertical in long-term care settings, four new states and 165 remote respiratory therapists.  “We continue to strategically...

M&A, Quipt Home Medical, Respiratory Therapy


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Providers

Quipt ramps up in Illinois

November 9, 2021HME News Staff

CINCINNATI – Quipt Home Medical recently acquired a business with operations in Illinois with unaudited trailing 12-month annual revenue of about $2.5 million.  Post-acquisition, Quipt expects an adjusted EBITDA for the acquisition of about $600,000.  “Since July, we have now completed six acquisitions with combined revenues of over $16 million,” said Greg Crawford, chairman and CEO. “Combining these newly acquired entities provides us a pathway to scale into...

M&A, Quipt Home Medical, Respiratory Therapy


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Kelly Grahovac

News

Audits slowly ramp up

July 9, 2021Theresa Flaherty, Managing Editor

WASHINGTON – The DME MACs are moving forward with audits for claims filed after March 2020, when COVID-19 hit the U.S. and certain waivers went into effect, but audit experts don’t anticipate any widespread problems.  Early in the pandemic, CMS temporarily waived several requirements, including coverage criteria, face-to-face requirements and delivery signatures for respiratory equipment.   “The MACs have been easing into audits since last August, even though...

Audits, COVID-19, Respiratory Therapy, waivers


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Also Noted

AARC releases videos to thank RTs

June 24, 2021HME News Staff

IRVING, Texas – The American Association of Respiratory Care has released a series of new videos, “Thank a Respiratory Therapist,” to help increase community awareness of the profession and highlight the essential role RTs have played in patient care during COVID-19 and beyond. “Like many health care professionals working on the front lines of the pandemic, respiratory therapists worked tirelessly and selflessly to help patients everywhere,” said Sheri Tooley, president...

AARC, Respiratory Therapy


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Vendors

Medline bulks up respiratory portfolio

May 18, 2021HME News Staff

NORTHFIELD, Ill. – Medline plans to acquire a significant portion of the Hudson RCI brand of respiratory products from Teleflex, in a bid to strengthen its offerings in light of the COVID-19 pandemic.  Hudson RCI’s oxygen and aerosol therapy, active humidification and pulmonary hygiene products will complement Medline’s respiratory portfolio; will add two manufacturing facilities in Arlington Heights, Ill., and Nuevo Laredo, Mexico; and will add 1,000 employees.  “Hudson...

Acquisition, Hudson RCI, M&A, Medline, Oxygen Therapy, Respiratory Therapy, Teleflex


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Casey Hoyt

Specialty Providers

Viemed sees patient uploads rebound in March

May 4, 2021HME News Staff

LAFAYETTE, La. – Viemed Healthcare reported net revenues for its core business were $25.5 million for the first quarter ended March 31, 2021, a 12% increase compared to the same quarter last year.  Total revenues were $28.4 million, including $2.9 million for contract tracing services and product sales related to the COVID-19 pandemic.  “The first quarter will very likely be the quarter where things began to reopen from the COVID-19 pandemic and I am once again...

COVID-19, Financial Results, Respiratory Therapy, Viemed Healthcare


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CQRC to subcommittee: Provide relief to preserve access

News

CQRC to subcommittee: Provide relief to preserve access

May 3, 2021HME News Staff

WASHINGTON – Home respiratory care providers have played a crucial role amid the ongoing public health emergency and lawmakers should support policies that ensure long-term reimbursement stability in the market, the Council for Quality Respiratory Care stated in testimony to the House Energy and Commerce Subcommittee on Health.  The CQRC submitted the testimony as part of a recent hearing on “The Long Haul: Forging a Path Through...

Council for Quality Respiratory Care, Public Health Emergency, Respiratory Therapy


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News

HHS extends PHE

April 20, 2021HME News Staff

WASHINGTON – Xavier Becerra, secretary of the Department of Health and Human Services, has extended the public health emergency for another 90 days.  The PHE, which was set to expire April 21, is now good through July 21. The PHE was initially declared on Jan. 31.  There are a number of HME-related provisions that are tied to the PHE, including Medicare’s 75/25 blended reimbursement rates for non-rural, non-competitive bidding areas, and waivers of...

Public Health Emergency, Respiratory Therapy, Telehealth


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Also Noted

Aveanna launches IPO

April 20, 2021HME News Staff

ATLANTA – Aveanna Healthcare Holdings, a diversified home care platform that provides respiratory therapy products and services, has launched an initial public offering of about 38.2 million shares of its common stock at an anticipated initial public offering price of $16 to $18 per share. The company also intends to grant the underwriters a 30-day option to purchase up to an additional 5.7 million shares of its common stock. Aveanna has applied to list its common stock on the Nasdaq under...

Aveanna Healthcare, CPAP, Oxygen, Respiratory Therapy, vent


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Also Noted

Protech adds locations in Fla, NH

March 18, 2021HME News Staff

CINCINNATI – Protech Home Medical has accelerated its organic growth initiatives by opening new locations in Daytona Beach, Fla., and Concord, N.H. “With the addition of new locations in Florida and New Hampshire, we continue our aggressive path of scaling our business,” said Greg Crawford, chairman and CEO of Protech. “Our patient-centric model leveraging our interconnected health care platform is providing us much opportunity to gain market share and this is just the beginning...

Organic growth, Protech Home Medical, Respiratory Therapy


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