Skip to Content

Archive: May 2021


SuperCare Health gives back 

Also Noted

SuperCare Health gives back 

May 17, 2021HME News Staff

DOWNEY, Calif. – SuperCare Health is coordinating the donation of oxygen equipment and supplies to help with the catastrophic COVID-19 pandemic in India. The company understands the impact firsthand when equipment and supplies are not readily available – it faced oxygen and ventilator shortages during multiple COVID-19 surges last year in the United States. “In addition to working together with our referral sources and payer partners to respond to the public health crisis...

COVID-19, Donation, India, SuperCare Health


Read Full Articlered right arrow icon

Also Noted

Healogics draws $240M investment 

May 17, 2021HME News Staff

JACKSONVILLE, Fla. – Healogics, a provider of wound care therapy, has announced a new $240 million equity investment, positioning the company for growth. As part of the transaction, a group of new and existing investors, led by Clayton Dubilier & Rice, Partners Group and Northwestern Mutual invested $75 million of common equity, and Marathon Asset Management invested more than $165 million in new preferred stock. “This transaction demonstrates strong support and confidence...

equity investment, Healogics, wound care therapy


Read Full Articlered right arrow icon

Also Noted

Quipt Home Medical files form with SEC

May 17, 2021HME News Staff

CINCINNATI – Quipt Home Medical has filed a Form 40-F Registration Statement with the U.S. Securities and Exchange Commission, marking a significant milestone in the process of the company listing its common share on the Nasdaq. “Quipt’s rapidly growing operations are completely based in the United States, making the filing of our Form 40-F a significant steppingstone for the company,” said Greg Crawford, CEO and chairman of Quipt. “We are...

Nasdaq, Quipt Home Medical, SEC


Read Full Articlered right arrow icon

Dan Starck

Providers

Apria increases full year guidance

May 17, 2021HME News Staff

INDIANAPOLIS – Apria reported net revenue of $275.3 million for the first quarter of 2021, a 2% increase compared to the same period last year.  It reported a net income of $4.5 million, a 29% decrease.  “We delivered strong first quarter 2021 results ahead of our expectations on all three of our key metrics and we built on momentum from 2020 establishing a solid foundation for future growth,” said Dan Starck, CEO. “The country experienced a significant surge...

apria, COVID-19, Financial Results


Read Full Articlered right arrow icon

News

CMS further delays new technology pathway

May 17, 2021HME News Staff

WASHINGTON – CMS in a final rule filed last week further delayed the effective date for a Medicare coverage pathway to provide beneficiaries access to new, innovative medical devices designated as breakthrough technology by the U.S. Food and Drug Administration.  The effective date for Medicare Coverage of Innovative Technology, as well as implementing regulatory standards to be used in making reasonable and necessary determinations under the Social Security...

Medicare Coverage of Innovative Technology (MCIT), reasonable and necessary determinations


Read Full Articlered right arrow icon

Viemed sees ‘dramatic comeback’ 

Specialty Providers

Viemed sees ‘dramatic comeback’ 

May 14, 2021Theresa Flaherty, Managing Editor

LAFAYETTE, La. – After weathering some of its toughest months in January and February from the dual impacts of COVID-19 and a treacherous ice storm, Viemed Healthcare saw significant patient growth in March, says CEO Casey Hoyt.  “In January and February, we were admitting 65% of our pre-COVID new patients,” he said on a recent earnings call to discuss first quarter financial results*. “March was right around 90% of pre-COVID numbers....

Casey Hoyt, Home Respiratory Services, Viemed Healthcare


Read Full Articlered right arrow icon

AAH on HME: ‘We solve the crisis’ 

News

AAH on HME: ‘We solve the crisis’ 

May 14, 2021Liz Beaulieu, Editor

WASHINGTON – AAHomecare is striking while the iron is hot with its recent decision to engage a public relations firm to help the industry show the value of HME.  “Home oxygen therapy right now is on the tip of the tongue to the average person (due to the COVID-19 pandemic),” said Tom Ryan, president and CEO of the association. “They’ve heard about vents, too. They know, what would a day without...

aahomecare, Home Medical Equipment, Tilly Gambill, Tom Ryan


Read Full Articlered right arrow icon

Option Care hungry for M&A 

Specialty Providers

Option Care hungry for M&A 

May 14, 2021Theresa Flaherty, Managing Editor

BANNOCKBURN, Ill. – With a tuck-in acquisition in the Southeast, a new state-of-the-art facility in Chicago and new therapies added to its chronic care portfolio, Option Care Health is laying the groundwork for sustainable growth, say company officials.  Option Care announced May 6 it had paid $18.5 million for Houston-based BioCureRx, a regional provider of certain chronic care therapies.  “While limited in size, the BioCure transaction signifies...

home infusion therapy, John Rademacher, Option Care Health


Read Full Articlered right arrow icon

Justin Smith on growing 3B Medical the PE way

Vendors

Justin Smith on growing 3B Medical the PE way

May 14, 2021Liz Beaulieu, Editor

WINTER HAVEN, Fla. – 3B Medical’s new CEO Justin Smith wants to grow the company to hit $100 million in revenues in the next few years.  Hear what Smith, whose background includes roles at Bear Stearns and ComVest Partners, had to say about how 3B Medical’s product pipeline and acquisition plans make it a company “with legs.”  HME News: What drew you to the health care industry and 3B Medical?  Justin Smith: I...

3B Medical, Justin Smith, private equity


Read Full Articlered right arrow icon

News

In brief: CMS boosts pay, MSC expands presence

May 14, 2021HME News Staff

WASHINGTON – CMS has established a higher rate of $750 to administer monoclonal antibody treatment to Medicare beneficiaries with COVID-19 in their homes, including permanent residences or temporary lodgings.  The new rate accounts for the increased costs associated with the one-on-one nature of this care model and reflects additional information provided to CMS about providing these services in a safe and timely manner.  “CMS’s decision to increase reimbursement...

apria, CCS Medical, Great Elm Group, Medical Service Company, OxyGo, OxyLife, Prochant, Protech Home Medical


Read Full Articlered right arrow icon