Viemed sees ‘strong, across-the-board start’
By HME News Staff
Updated 9:20 AM CDT, Thu May 8, 2025
LAFAYETTE, La. – Viemed reported net revenue of $59.1 million for the first quarter 2025, an increase of 17% compared to the same quarter in 2024.
Adjusted EBITDA for the quarter totalled $12.8 million, a 26% increase.
The company’s ventilator patient count grew to 11,809 as of March 31, 2025, an increase of 13% over March 31, 2024. PAP therapy patient count grew to 22,899 as of March 31, 2025, an increase of 46% over March 31, 2024.
“We are pleased to see marked improvement in each of our businesses in what has historically been our toughest quarter,” said CEO Casey Hoyt. “The strong, across-the-board start to the year has given us the confidence to tighten our guidance by raising the lower end of our revenue and adjusted EBITDA ranges. This performance is directly attributable to returns we are already seeing from the structure we put in place in 2024 to improve our sales organization and accelerate the hiring of new reps, as well as the leveraging of investments in technology for greater efficiencies. We are ahead of pace on increasing the sales team and expanding into new territories to fuel organic growth.”
Earlier in the week, Viemed announced it would acquire Lehan’s Medical Equipment for $26 million, a deal that is expected to be finalized in the third quarter.
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