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Change of focus drives improvements at Invacare

‘We are really not about the consent decree,’ top exec tells investors

ELYRIA, Ohio – Invacare is holding tight to an improvement in gross margin for its beleaguered North America HME division as a sign that its turnaround efforts are paying off.

Inogen raises revenue guidance


GOLETA, Calif. – Inogen has reported double-digit increases in total revenues and net income for the second quarter ended June 30, 2016.

Cardinal’s 2016 financial results break records


DUBLIN, Ohio – Cardinal Health has reported revenues of $31.4 billion for the fourth quarter of fiscal year 2016, a 14% increase compared to the same quarter last year. It reported revenues of $121.5 billion for fiscal year 2016, a 19% increase compared to 2015.

Invacare reports second quarter losses


ELYRIA, Ohio – Invacare posted second quarter losses today, but remains excited as it continues to shift from a general DME company to one more focused on clinically complex care, says Matthew Monaghan.

Inogen posts ‘notable’ financial results


GOLETA, Cailf. – Inogen reported total revenues of $43 million for the first quarter of 2016, a 27.4% increase over the same period last year. Net income was $2.4 million, a 50.4% increase.

BioScrip reports loss in revenues


DENVER – BioScrip reported net revenues of $238.5 million for the first quarter of 2016, compared to $244.4 million for the same period a year ago, a decrease of 2.4%. Adjusted EBITDA was $7.4 millionvs. $4.9 million.

Earnings season

Tuesday, April 26, 2016

It’s a busy week for those of us who cover the few public companies that do business in the home medical equipment market.

Invacare auditor submits third report


ELYRIA, Ohio – Invacare’s independent auditor this week issued its certification report for the third phase of the consent decree indicating substantial compliance to the FDA’s quality system regulation.

Inogen faces fears head-on


GOLETA, Calif. – Inogen on Monday provided additional full-year guidance for next year, perhaps in a move to quell fears surrounding the national rollout of competitive bidding pricing on Jan. 1, 2016.

MIT reports first profitable quarter


FREDERICKSBURG, Va. – MIT Holding, which has subsidiaries in home infusion and HME services, reported its first profitable quarter for the second quarter of 2015.