Skip to Content

Tag: AdaptHealth


Dan Bunting

Also Noted

VGM names Dan Bunting as senior advisor 

July 15, 2024HME News Staff

WATERLOO, Iowa – VGM Group has announced that Dan Bunting, who was most recently COO and strategic advisor to the CEO of AdaptHealth, has joined its team as a senior advisor. In this role, Bunting will help VGM develop long-term strategies to promote and support its customers and the HME industry. “I don’t think there’s anyone in the United States who knows more about our industry than Dan,” said VGM Group CEO Jeremy Stolz. “The health care industry, and HME in...

AdaptHealth, Dan Bunting, VGM Group


Read Full Articlered right arrow icon

News

In brief: AdaptHealth leadership, Philips vents, catheter billing

July 3, 2024HME News Staff

PLYMOUTH MEETING, Pa. – Josh Barnes will step down as president of AdaptHealth on Aug. 31 and from the board of directors on Dec. 31, the company has announced.  “Founding Adapt and helping it become the leading provider of HME is a source of immense pride,” said Parnes. “With Suzanne (Foster) as CEO, I am confident the company is in excellent hands and will continue to innovate, grow and deliver patient-focused best-in class care.”  AdaptHealth also...

AdaptHealth, Aeroflow Health, Board of Certification/Accreditation (BOC), Catheter, Dynarex, Josh Parnes, Philips, Power seat elevation


Read Full Articlered right arrow icon

Providers

AdaptHealth: Parnes to step down, new board chair appointed

July 3, 2024HME News Staff

PLYMOUTH MEETING, Pa. – Josh Barnes will step down as president of AdaptHealth on Aug. 31 and from the board of directors on Dec. 31, the company has announced.  “Founding Adapt and helping it become the leading provider of HME is a source of immense pride,” said Parnes. “With Suzanne (Foster) as CEO, I am confident the company is in excellent hands and will continue to innovate, grow and deliver patient-focused best-in class care.”  AdaptHealth also...

AdaptHealth, home medical equipment, Josh Parnes


Read Full Articlered right arrow icon

Also Noted

AdaptHealth announces corporate governance changes 

June 25, 2024HME News Staff

PLYMOUTH MEETING, Pa. – AdaptHealth’s stockholders approved, at a recent annual meeting, an amendment and restatement of the company’s stock incentive plan to increase the number of shares reserved by 8.35 million shares, according to a Form 8-K filed with the U.S. Securities and Exchange Commission. Stockholders also approved a proposal to phase out the company’s classified board structure and provide for the annual election of directors. Previously, the board was divided...

AdaptHealth, Board of Directors, stock incentive plan


Read Full Articlered right arrow icon

Gary Sheehan

Also Noted

Sheehan to advise Adapt CEO

June 12, 2024HME News Staff

PLYMOUTH MEETING, Pa. – Gary Sheehan has rejoined AdaptHealth in the role of senior adviser to CEO Suzanne Foster. Sheehan, who rolled up his family business, Cape Medical Supply, into Spiro Health in 2020 before selling to AdaptHealth in 2021, left AdaptHealth in 2023 to launch Scorton Creek Capital. “I could not be more excited to work with Suzanne Foster and the entire Adapt leadership team to help advance the critical work we do in delivering health care services, with the home...

AdaptHealth, Gary Sheehan


Read Full Articlered right arrow icon

Providers

AdaptHealth sees small but positive trends 

May 8, 2024Theresa Flaherty, Managing Editor

PLYMOUTH MEETING, Pa. – AdaptHealth’s diabetes business “outperformed expectations” during the first quarter of 2024 and company execs are cautiously optimistic that their efforts to boost the segment are starting to make headway.  Diabetes revenue was $149.3 million for the quarter, a 2% increase and the first year-over-year increase for the segment since the second quarter of 2023, driven by the company’s moves to double its sales force, name Briah Carey as...

AdaptHealth, Continuous Glucose Monitor (CGM), Diabetes, Financial Results


Read Full Articlered right arrow icon

Providers

AdaptHealth sees mixed bag in Q1 

May 7, 2024HME News Staff

PLYMOUTH MEETING, Pa. – AdaptHealth reported revenue of $792.5 million for the first quarter 2024, a 6.4% increase over the prior year, surpassing expectation of $769.87 million.  Adjusted EBITDA increased to $158.5 million, an 18.3% increase. Free cash flow was negative $38.9 million compared to $51.1 million, primarily driven by delayed payments resulting from the Change Healthcare cyberattack.  “I am pleased to report that AdaptHealth had an excellent first quarter,”...

AdaptHealth, Financial Results


Read Full Articlered right arrow icon

News

In brief: AdaptHealth CEO, Graham-Field acquisition, OPGA education

April 19, 2024HME News Staff

PLYMOUTH MEETING, Pa. – AdaptHealth has named Suzanne Foster as its CEO, taking over from interim CEO and chairman of the board Richard Barasch. Ms. Foster will assume leadership of the company from interim CEO and chairman of the board, Richard Barasch, on May 20. Foster brings more than 25 years of healthcare experience as a purpose-driven leader with a strong-track record of leading growth businesses in the healthcare market, specifically in-home care, life sciences, medical devices,...

AAHomecare, AdaptHealth, GF Health Products (Graham-Field), Orthotic & Prosthetic Group of America (OPGA)


Read Full Articlered right arrow icon

AdaptHealth names new CEO

Providers

AdaptHealth names new CEO

April 18, 2024HME News Staff

PLYMOUTH MEETING, Pa. – AdaptHealth has named Suzanne Foster as its CEO, taking over from interim CEO and chairman of the board Richard Barasch.  Foster, who will assume leadership on May 20, brings more than 25 years of health care experience as a purpose-driven leader with a strong-track record of leading growth businesses in the health care market, specifically in-home care, life sciences, medical devices, supply chain and distribution, and health care technology. She most recently...

AdaptHealth, Home Medical Equipment (HME), Suzanne Foster


Read Full Articlered right arrow icon

Providers

AdaptHealth works on diabetes, as sleep & oxygen make gains

March 1, 2024Theresa Flaherty, Managing Editor

PLYMOUTH MEETING, Pa. - Diabetes revenue for the fourth quarter of 2023 was down 3.8% against the prior year, driven in part by compression on insulin pumps, but AdaptHealth execs say they plan a big push to boost that part of the business in 2024.  Pump revenue in 2022 was about $160 million, and the company expected revenue of about $120 million in 2023.  “We came right in line with that expectation,” said Jason Clemens, CFO, during a recent call to discuss the company’s...

AdaptHealth, Home Oxygen Equipment, Insulin pumps


Read Full Articlered right arrow icon