Tag: Advanced Diabetes Supply

GOLETA, Calif. – Inogen says its revenues are expected to increase for the fourth quarter of 2021, but a chip shortage has forced the company to temporarily suspend manufacturing operations at its Texas and California locations.  Inogen doesn’t expect to furlough any employees as a result of the suspension, as the company currently anticipates restarting manufacturing at all locations around mid- to late February 2022 based on the information available to date.  For the...

CARLSBAD, Calif. – Advanced Diabetes Supply increases its visibility in the eastern U.S. and gains a large platform on which to grow with its recent acquisition of US Medical Supply (US MED).  “Both companies have a good brand, and they really complement each other,” said Tim Cady, president of ADS. “Our immediate plan, short term, is to keep both brands out there.”  ADS’s focus on insulin pumps and continuous glucose monitors – a shift forced...

WASHINGTON – CMS in a final rule issued July 29 says it will permanently stop applying competitive bidding pricing to accessories for complex rehab manual wheelchairs.  In late June, CMS agreed to extend an 18-month pause on applying bid pricing to these accessories for an additional 90 days, until Oct. 1., to give the agency more time to review the industry’s request.  “We are sincerely grateful to CMS for making today’s policy decision and protecting...

CARLSBAD, Calif. – Advanced Diabetes Supply has acquired US Medical Supply (US MED), a portfolio company of H.I.G. Capital that provides continuous glucose monitors and medical supplies.  Founded in 1996, the Doral, Fla.-based US MED contracts with more than 500 insurance plans covering nearly 200 million lives. It was acquired by H.I.G in 2015.  “H.I.G. served as a value-added partner to our leadership team and supported the transformation of the business,” said...

CARLSBAD, Calif. - Advanced Diabetes Supply aims to fill a gap in the workflows of retail pharmacies through a recent partnership with Price Chopper/Market 32.Per the partnership, the company will offer its line of continuous glucose monitors to the pharmacy's Medicare Part B patients.“Retail pharmacies really don't like to bill Part B because of all the documentation requirements,” says Tim Cady, president of ADS. “They know how onerous it is to get the medical records from the...