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MSC expands presence in Wisconsin 

May 14, 2021HME News Staff

CLEVELAND, Ohio – Medical Service Company has acquired Wisconsin-based Metz Medical, a sleep and respiratory services provider with two locations in the Milwaukee area.  The deal gives MSC access to several new payer contracts.  “We are thrilled to welcome several new team members from Metz into the MSC family,” the company stated in a press release. “We look forward to offering our chronic care solutions across Wisconsin.”  The family owned...

Home Respiratory Equipment, Medical Service Company, Metz Medical


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Providers

Great Elm Group reports DME loss 

May 14, 2021HME News Staff

WALTHAM, Mass. – Great Elm Group reported DME revenue of $13.1 million for its third quarter 2021, compared to $14.1 million for the same quarter last year.  It reported a net loss of $5.1 million vs. a net loss of $1.4 million, and adjusted EBITDA of $3.4 million, vs. $2.5 million.  "Overall, we see positive momentum in all aspects of our business,” said Peter A. Reed, CEO. “DME is beginning to see signs of business recovery...

Great Elm DME, Home Medical Equipment


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CQRC seeks better system for ‘long haul’ 

Providers

CQRC seeks better system for ‘long haul’ 

May 7, 2021Theresa Flaherty, Managing Editor

WASHINGTON – As home respiratory providers look past the current public health emergency, they need to have the flexibility and stability to continue caring for patients, says Crispin Teufel, chairman of the Council for Quality Respiratory Care.  “We’ve started to have initial discussions on what happens when this is over,” said Teufel, who is also CEO of Lincare. “If you have set up a patient with COVID, do they need to get...

Coronavirus Outbreak, Council on Quality Respiratory Care, Crispin Teufel, Home Respiratory Equipment


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AdaptHealth continues brisk pace of acquisitions 

Providers

AdaptHealth continues brisk pace of acquisitions 

May 7, 2021Theresa Flaherty, Managing Editor

PLYMOUTH MEETING, Pa. – AdaptHealth has made another large acquisition: Spiro Health, giving it 22 locations in eight states where it doesn’t have much of a presence.  The Massachusetts-based Spiro Health was formed in 2020 with the merger of America's HealthCare at Home, Cape Medical Supply and Health Complex Medical, and is headed up by CEO Gary Sheehan.  “We welcome Gary and the entire Spiro team,”...

AdaptHealth, Gary Sheehan, Luke McGee, Spiro Health, Steve Griggs


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AdaptHealth reports triple-digit growth 

Providers

AdaptHealth reports triple-digit growth 

May 6, 2021HME News Staff

PLYMOUTH MEETING, Pa. – AdaptHealth reported net revenue of $482.1 million for the first quarter of 2021, an increase of 152% over the same quarter last year.  Adjusted EBITDA was $104.2 million, a 242% increase, and adjusted EBITDA less patient equipment capex was $61.9 million, a 254% increase.  The company reported a net loss of $4 million for the first quarter of this year versus a net loss of $34.6 million for the same period last year.  “I’m...

AdaptHealth, Home Medical Equipment, Steve Griggs


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Steve Griggs

Providers

AdaptHealth increases credit line 

April 28, 2021HME News Staff

PLYMOUTH MEETING, Pa. – AdaptHealth has expanded its credit by $300 million to boost acquisitions and for general corporate purposes.  The company amended its senior secured credit facilities to increase its term loan by $100 million and to expand the maximum borrowing capacity under its revolving credit facility from $250 million to $450 million.   “We appreciate the support of the company’s lenders as we continue to execute on the company’s...

AdaptHealth, Home Medical Equipment


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Mike Baghoomian

Providers

CBD: Education, word-of-mouth key to success 

April 23, 2021Theresa Flaherty, Managing Editor

TACOMA, Wash. – When it comes to selling CBD products, provider Destinae Graham believes in putting your money where your mouth is.  “I’m a firm believer in, how can you sell unless you’ve personally tried it?’” said Graham, division manager for Tacoma, Wash.-based American Medical Company & Supply. “I personally was struggling with plantar fasciitis. I had been wearing braces, getting x-rays. (Muscle Mx) gave me some samples, and by day...

CBD, Muscle Mx, Pain Relief


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Tomorrow Health adds Geisinger to growing list of contracts

Providers

Tomorrow Health adds Geisinger to growing list of contracts

April 16, 2021Theresa Flaherty, Managing Editor

NEW YORK – Tomorrow Health’s new partnership with Geisinger Health Plan makes it the “missing link” for the plan’s members by enhancing their experience obtaining home medical equipment and supplies, says co-founder and CEO Vijay Kedar.  Tomorrow Health, which recently closed on $25 million in Series A round funding led by Andreessen Horowitz, will coordinate all medical equipment and supplies for Geisinger’s more...

Home Medical Equipment, Tomorrow Health, Vijay Kedar


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Luke McGee

Providers

AdaptHealth’s McGee placed on leave

April 14, 2021HME News Staff

PLYMOUTH MEETING, Pa. – Luke McGee has been placed on unpaid leave from his roles as co-CEO and director of AdaptHealth after authorities in Denmark formally charged him with alleged tax fraud.  The alleged fraud stems from personal activity that occurred between March 2014 and August 2015, and has no connection to AdaptHealth’s business, according to a statement from the company’s board of directors.  “The board of directors...

AdaptHealth, Home Medical Equipment, Luke McGee


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New rates fuel ‘engine’ of HME industry

Providers

New rates fuel ‘engine’ of HME industry

April 8, 2021Theresa Flaherty, Managing Editor

YARMOUTH, Maine – An increase in oxygen reimbursement is a shot in the arm for the HME industry, say providers. CMS in March released an updated fee schedule for oxygen that will result in an increase in fee schedule amounts ranging from $6.72 to $8.19 in former competitive bidding areas; $5.17 to $5.43 in other non-rural areas; and $4.14 to $6.82 in non-contiguous and rural areas, according to the VGM Group. “This is a big thing for our industry, and it needs to be celebrated,”...

BritKare, Budget Neutrality, home oxygen equipment, Josh Britten


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