In brief: Belluscura’s bankruptcy, CMS’s contract failures, Nationwide Medical’s rebrand
By HME News Staff
Updated 11:16 AM CST, Fri November 21, 2025
LONDON – Belluscura LLC filed for Chapter 7 bankruptcy on Oct. 29 in the Texas Eastern Bankruptcy Court.
Chapter 7 bankruptcy involves liquidation, the sale of a debtor’s nonexempt property and distribution of proceeds to creditors. According to the filing, Belluscura’s largest creditors include Amazon, Google and Hans Rudolph, a designer and manufacturer of respiratory valves and other respiratory products.
Just one day prior, on Oct. 28, Belluscura announced that Sallyport Commercial Finance foreclosed on the facility and disposed of the collateralized assets to a third party. Given the scale of Belluscura’s remaining liabilities, the company proceeded with the Chapter 7 filing.
In the days following the filing, Belluscura disclosed plans to appoint an administrator and confirmed the resignation of its nominated adviser.
Earlier this year, Belluscura had signaled financial challenges. In May, the company launched a strategic review to explore options for strengthening its capital position, including strategic investment, partnerships, and alternative funding structures, following renewed demand for its X-PLOR portable oxygen concentrator.
In April, Belluscura withdrew its previous market guidance for the year ending Dec. 31, 2025, citing potential financial implications, risks, and opportunities related to tariffs on imports to the United States.
BOC names Bill Powers 2025 Jim Newberry Award recipient for dedication
OWINGS MILLS, Md. – The Board of Certification/Accreditation (BOC) is proud to announce Bill Powers, MBA, LFACHE, as the recipient of its 2025 Jim Newberry Award for Extraordinary Service.
Powers, a retired health care executive and former member of the BOC board of directors, is being recognized for his unwavering dedication and exceptional contributions to advancing BOC’s mission.
“Bill exemplifies the values of service and stewardship that the Newberry Award was created to honor,” said Cameron Stewart, BOCO, BOCP, BOC board chair. “His leadership and governance insight helped elevate BOC’s operations and strengthen our commitment to certification and accreditation excellence.”
Powers served on the BOC board from 2010-18 and 2020-23, lending expertise from a career spanning over three decades in the U.S. Air Force, followed by the Greater Dayton Area Hospital Association and the American Nurses Association (ANA). He held several executive committee positions on the BOC board, including treasurer, secretary and member-at-large.
Among his many contributions, Powers applied his extensive experience in governance, finance and operations to support BOC’s long-term sustainability and mission-focused growth. He also:
- Co-authored BOC’s investment policy statement;
- Introduced performance-based executive evaluation processes; and
- Helped establish foundational board education and fiduciary training initiatives.
“For me, service has always been about ensuring businesses are positioned to meet the needs of the people they support, both now and in the future,” said Powers. “It’s an incredible honor to be recognized by BOC, and I’m proud to have contributed to the organization’s past, present and future health.”
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Related: Read about past winners, including Wendy Miller & Terri McLeod
OIG finds CMS did not properly close out multiple contracts
WASHINGTON – The Centers for Medicare and Medicaid Services (CMS) did not close selected contracts at cost of $2.1 billion, according to a new report from the Office of Inspector General (OIG).
The 50 contracts selected for review by the OIG totaled $11.2 billion and were eligible for closeout between Oct. 1, 2018, and Sept. 30, 2023.
The OIG’s recommendations to CMS include:
- Complete the administrative closeout requirements for the 12 contracts, totaling $2.1 billion, that remain overdue for closeout
- Develop policies and procedures that clearly define documentation requirements, roles and responsibilities, and alternative procedures to ensure contracts are closed timely.
The full recommendations are in the report. CMS concurred with the recommendations and described actions it has taken and plans to take to implement them.
In fiscal year 2023, Health and Human Services executed $38.5 billion in contracting actions, with CMS accounting for $7.4 billion, or 19%, according to the OIG.
Artella, Future Cardia expand into sleep diagnostics through PranaQ partnership
HOUSTON & TAMPA, Fla. – Artella Solutions and Future Cardia have announced an expanded strategic collaboration with PranaQ, a digital health company pioneering smart home sleep testing (HST) solutions. This partnership marks Artellas’s expansion into sleep diagnostics, driven by the clinically proven connection between obstructive sleep apnea (OSA) and atrial fibrillation (AFib). “We built Artella to simplify diagnostic workflows for clinicians,” said Sepand Moshiri, Artella Solutions co-founder and CEO. “Integrating sleep testing into the platform gives practices a streamlined way to manage two highly correlated conditions with one partner,” Through the partnership, PranaQ’s FDA-HST system will be offered through Artella’s Active State Monitoring platform, enabling cardiology practices and hospital systems to easily order, track and manage sleep studies within Artella’s existing diagnostic ecosystem, branded as CARDIOSLEEP. Key platform benefits include:
- Turn-key sleep diagnostic workflow for clinical practices
- Automated study logistics and reporting workflow
- A unified experience for practices already leveraging Artella for cardiac monitoring
“PranaQ is focused on improving access to sleep diagnostics,” said Jerry Chen, CEO of PranaQ. “Partnering with Artella brings our home sleep testing ecosystem into cardiology settings that see OSA every day but don’t always have an efficient pathway to diagnose it.”
Nationwide Medical refreshes brand, website
CALABASAS, Calif. – Nationwide Medical has launched a refreshed brand and redesigned website. “Same heart, same mission – just an easier way to connect with us,” the company stated on LinkedIn. “With nearly 1,000 licensed respiratory therapists serving patients across 48 states, we’re proud to continue delivering care wherever it’s needed most – at home, online or both.” Nationwide Medical, led by CEO David Siegel, has more than 20 years of respiratory care expertise and serves more than 100,000 patients annually, according to the company’s website. Its care and services include CPAP / Bi-level therapy, oxygen therapy, continuous glucose monitoring (CGM) and non-invasive ventilation (NIV). It offers in-home and virtual setup options. Earlier this year, the company announced an investment in partnership with Heritage Group, a Nashville, Tenn.-based private equity firm that focuses on health care.
COPD Foundation aims to raise awareness with World COPD Day
MIAMI – The COPD Foundation joins lung health champions around the world in recognition of World COPD Day on Nov. 19 to raise awareness, share knowledge and take action to reduce the burden of chronic obstructive pulmonary disease worldwide. This year’s World COPD Day focuses on “Short of Breath, Think COPD” and highlights the importance of early diagnosis of COPD. “COPD is the fourth leading cause of death worldwide, yet many of those don’t yet know they have the disease,” said Jean Wright, M.D., CEO of the COPD Foundation. “If someone is experiencing breathlessness, chronic cough, or recurring respiratory infections, they should talk to their health care provider. Early diagnosis of COPD can lead to improved quality of life and health outcomes.” COPD affects more than 30 million Americans and is the fourth leading cause of death worldwide, yet awareness of the disease’s symptoms, risk reduction methods and management remain poor, the organization says. For more information about how to get involved with COPD Awareness Month activities and become a lung health champion, visit copdfoundation.org.
Honest Medical donates diapers to food bank
OCEANSIDE, Calif. – Honest Medical, an ecommerce site offering thousands of essential health care products, is donating more than $10,000 in disposable diapers for both infants and adults to the San Diego Food Bank. This diaper initiative was inspired by Honest Medical's partnership with First Quality, a manufacturer that regularly donates diapers and infant care products to families in need. "We saw the incredible work First Quality was doing and it inspired us to take action right here at home,” said Mike Greenan, CEO, Honest Medical. “For us, this isn't just a corporate donation; it's about making sure our neighbors, from the newest babies to the seniors, don't have to choose between putting food on the table and having basic essentials like diapers and briefs. That's what we're here for, to extend a hand to those in need." According to the National Diaper Bank Network (NDBN), the organization that links donors to local nonprofits like the San Diego Food Bank, one in two U.S. families with young children can't afford the diapers they need. According to the NDBN, the risks associated with a lack of diapers include:
- Babies can develop urinary tract infections and rashes
- Mothers can experience increased maternal depression
- Access to child care is inhibited because it requires a daily supply of diapers
- Parents miss school or work
Honest Medical says the critical need for diapers also extends to seniors with incontinence problems who are burdened with spending hundreds of dollars each month for the adult diapers and briefs they need to live in health and dignity.
In January, Honest Medical donated $20,000 worth of food and health care supplies to victims of the Los Angeles fires.
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Related: Honest Medical is making strides in social responsibility by partnering with Happen Ventures to donate returned and re-usable medical supplies to nonprofits.
Florida man barred from Medicare faces new DME fraud charges
GREENVILLE, S.C. – A federal grand jury has returned a five-count indictment against Mark Weinberger, 62, of Lake Worth Beach, Fla., for health care fraud, wire fraud and conspiracy to commit health care fraud and wire fraud. The indictment alleges that Weinberger, who was excluded from Medicare for a minimum of 15 years because of a prior conviction, was a beneficial owner and/or managing employee of a durable medical equipment (DME) company enrolled with Medicare and submitted a false enrollment document to Medicare to conceal his and another’s true ownership and control over the DME company. It is further alleged that Weinberger and his coconspirators generated doctor orders for orthotic braces using call centers, including a call center in Greenville, S.C., and submitted to Medicare, through the DME company, false and fraudulent claims in the approximate amount of $6.7 million that were obtained by the payment of illegal kickbacks and bribes, medically unnecessary, and/or otherwise ineligible for reimbursement. Medicare paid about $3.4 million on those claims. Weinberger faces a maximum penalty of 20 years for the wire fraud and wire fraud conspiracy counts and a maximum penalty of 10 years for the health care fraud and health care fraud conspiracy counts.
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