Tag: scooter store
In brief: ResMed claims victory, AAH builds war chest
July 19, 2013HME News Staff
SAN DIEGO - ResMed announced July 18 that an investigation by the U.S. government has resulted in a recommendation that the International Trade Commission (ITC) stop Taiwanese manufacturer APEX Medical from importing and selling infringing products. In a March filing, ResMed argued patent infringement by two APEX masks (WiZARD 210 and WiZARD 220) and two APEX flow generators (iCH and XT Fit). The ITC case against APEX also named Medical Depot, doing business as Drive Medical. The ITC previously entered...
Lenders give Scooter Store breathing room
March 26, 2013Elizabeth Deprey
NEW BRAUNFELS, Texas - The Scooter Store will remain open past its initial deadline of March 31, the company announced today.“I am encouraged that the company's lenders are working with us and providing sufficient liquidity to help us navigate a path forward beyond the initial extension of March 31,” stated Larry Young, chief restructuring officer.There was concern over The Scooter Store's future after CEO Martin Landon sent a letter last week to the Texas Workforce Commission saying...
Scooter Store replies to senatorial call-out
February 25, 2013Elizabeth Deprey
NEW BRAUNFELS, Texas - Two U.S. senators may think The Scooter Store should return more in overpayments to Medicare, but the provider stands by the $19.5 million it has agreed to repay.In a Dec. 19 letter to CMS, Sens. Richard Blumenthal, D-Conn., and Herb Kohl, D-Wis., asked the agency if it planned to have The Scooter Store return more overpayments to Medicare. According to the letter, in April 2011, after an independent audit, The Scooter Store notified CMS of overpayments ranging from about $32...
Scooter Store raided
February 20, 2013HME News Staff
NEW BRAUNFELS, Texas - Federal and state agencies raided The Scooter Store Wednesday morning as part of an ongoing probe into possible Medicare fraud, local news sources reported.Hundreds of employees at the New Braunfels, Texas headquarters complex were told to gather belongings and go home for the day, according to KENS5, a local TV news station.FBI special agent spokesman Erik Vasys told local reporters he could not provide details regarding the raid, but he did confirm that the FBI and the Office...
Scooter Store layoffs follow in wake of Round 2 announcement
February 15, 2013Elizabeth Deprey
NEW BRAUNFELS, Texas - Despite budgeting for the impact of Round 2 of competitive bidding, steeper-than-expected rate reductions have forced The Scooter Store to cut 150 more jobs.“While we regret having to make these changes, we want the company and all its employees to be successful in the long run,” company spokesman Tim Zipp told HME News. “This action better aligns our costs to the new realities within the durable medical equipment category and will allow us to effectively...
In brief: VGM helps Nichole Medical, Scooter Store settles
January 4, 2013HME News Staff
WATERLOO, Iowa - At least one industry stakeholder is contributing to Dominic Rotella's effort to push his case (Nichole Medical v. TriCenturion) to the U.S. Supreme Court. The VGM Group has contributed $5,000, the first installment of a $25,000 commitment, to help Rotella challenge a lower court's decision that CMS contractors, as government agents, have "official immunity." Rotella has until Jan. 19 to file an appeal.Gov't, The Scooter Store settleNEW YORK - The U.S. Equal Employment Opportunity...
In brief: USM gains Tennessee footprint in new deal
June 22, 2012HME News Staff
ST. LOUIS - United Seating and Mobility (USM) announced June 1 that it finalized a stock purchase of Medical Mobility. Medical Mobility will continue to operate out of three Teneessee locations as a wholly-owned subsidiary of USM. The buy opens up the Tennessee market for USM and connects to locations in Kentucky, Georgia and Arkansas, stated Bob Gouy, USM president and CEO. “Entering this market creates an opportunity to enhance our service to the regional rehab centers in these states as...
Briefs: More execs terminated at Scooter Store
May 24, 2012Elizabeth Deprey
NEW BRAUNFELS, Texas - About a dozen executives are no longer Scooter Store employees, the San Antonio Express-News reported May 3. The management changes come on the heels of CEO Doug Harrison's resignation in March. In January, Chief Financial Officer Tom Shaw and Chief Sales Officer Mike Pfister left the company. Mark Leita, The Scooter Store's vice president of external relations and government affairs, told the Express-News the company was “streamlining” its management team...
In brief
April 24, 2012Elizabeth Deprey
ATG Rehab acquires 13 locationsROCKY HILL, Conn. - ATG Rehab has acquired Louisiana-based Custom Holdings, and its subsidiaries, Custom Healthcare and Gulf Coast Rehab Equipment, the company announced April 2. The acquisition adds 13 locations in six states, serving more than 6,500 clients annually at 50 hospitals and rehabilitation facilities in the Gulf Coast region. This is ATG Rehab's sixth buy since Audax Private Equity became a majority investor in January 2011.Seating Symposium attracts...
Sun Capital: Cleaning house?
April 23, 2012Elizabeth Deprey
No sooner had word spread that Doug Harrison had stepped down as CEO of The Scooter Store, than industry sources began to speculate on whether investor Sun Capital was behind the move. Here's what a couple had to say:•“They've been under a lot of pressure in a market that's just the dogs of the industry right now,” says Don Davis, a financial consultant with Duckridge Advisors. “It has to be a very difficult situation for a player of their size. There were probably a lot of people...