Providers

SCOTTSDALE, Ariz. – Lane Hamm has spent most of his career in retail, which he describes as a fast-paced and constantly changing environment, a valuable perspective he brings to his new role leading AZ-MediQuip.  “Consumer needs continue to evolve and change,” said Hamm, who recently became CEO of Scottsdale, Ariz.-based AZ MediQuip. “Certainly, what they are looking at, and how they get access to information and products – to me that’s a fun puzzle to...

PLYMOUTH MEETING, Pa. – AdaptHealth Corp. is providing initial full year 2023 guidance of $3.21 billion to $3.29 billion in net revenue and adjusted EBITDA of $690 million to $750 million.  The guidance reflects anticipated net impacts from scheduled changes in the reimbursement and regulatory environment, including increased revenue related to the consumer price index updates to the DMEPOS fee schedule, the extension of current rural and non-rural/non-CBA blended Medicare rates and...

CINCINNATI – Quipt Home Medical kicked off 2023 by adding seven new states and 70,000 patients with its acquisition of Great Elm Healthcare – its largest acquisition to-date, says CEO Greg Crawford.  “We really could not be more excited about this,” he said. “To combine these two organizations is really taking Quipt to another sphere.”  Quipt will pay $80 million for the Waltham, Mass.-based Great Elm, which formed in 2018 when Great Elm Capital...

 WALTHAM, Mass. – Great Elm Group has sold its DME business, Great Elm Healthcare, to QHM Holdings, Inc., a wholly owned subsidiary of Quipt Home Medical Corp., for $80 million.  GEG has also announced it has sold a majority of its ownership interest in Forest Investments, Inc. to J.P. Morgan Broker-Dealer Holdings Inc., for approximately $18 million.  “The successful sale of our DME business and the recently announced Forest transaction are transformative for Great...

TORONTO – Cindy Wickens, a founding partner of XPerience Home Healthcare in Windsor, Ontario, has been many firsts. She was the first female firefighter at Lakeshore Fire Department, its first female captain, and now she’s been named the first Canadian HME Woman of the Year by VGM Canada. HME News spoke to Wickens about her passion for service and giving back.  HME News: As a business owner and a firefighter of 33 years, you wear a lot of hats. How do you make it all work?  Cindy...

RICHMOND, Va. - Owens & Minor and the Healthcare Supplier Diversity Alliance (HSDA) have announced the winners of the 2022 Supplier Diversity Awards. The awards, which honor the legacy of Earl G. Reubel, recognize people and organizations that demonstrate an active, sustained commitment to advocating for greater supplier diversity in the health care supply chain for diverse or underrepresented populations. Winners were chosen in three categories:  Civic Leader of the Year: Carey...

CINCINNATI, Ohio – Quipt Home Medical estimates that, based on revenues, it is currently the fifth largest HME supplier in the country, says CEO Greg Crawford.  The company, which made eight acquisitions in fiscal year 2022, now serves 200,000 active patients through 90 locations in 19 states.  “This gives us the scale and opportunities to find ways to grow our patient base and penetrate attractive markets, while continuing to streamline our operational platform,”...

CENTER LINE, Mich. – Sherry Krug knows how to make a good first impression. She first met the Binsons, of Binson's Medical Equipment & Supplies, while seated at the “Michigan table” during an AAHomecare Washington Legislative Conference. When Bob Binson got wind that her DME company had sold and she planned to retire, he called her up and told her to come work for them.  “It was the perfect fit because I saw so much potential for all the things I’d spent...

CINCINNATI – Quipt Home Medical reported revenue of $139.9 million for fiscal year 2022, a 36.6% increase compared to 2021.  Revenue for the fourth quarter was $40.1 million, a 37.7% increase.  “The record results seen in the fourth quarter and fiscal year 2022 are directly attributable to the expansion of our patient-centric ecosystem into favorable geographies across the United States through our strategic growth initiatives,” said Greg Crawford, CEO. “Despite...

WATERLOO, Iowa – Now, more than ever, it’s important for HME providers – no matter how small – to pay close attention to cybersecurity to protect themselves and their patients, says Jesse Farris, IT director for VGM Forbin.  A breach can happen to anyone at any time. Case in point: Wright & Filippis, a large regional provider, was recently hit with a ransomware attack.  “Health care data is the most valuable data there is,” he said. “If you...