Tag: Allcare Medical

MOUNT VERNON, N.Y. - Less than a year ago, Landauer Metropolitan Inc. (LMI) was a regional powerhouse with nearly $140 million in revenues. Now, the company is in bankruptcy with most of its senior management gone. Inside sources place the blame squarely on Clairvest.“They were terrific partners for 10 years and then they put their hand in,” said one source.After LMI learned it had been disqualified from competitive bidding, the provider began putting a plan in place. In May, LMI announced...

Companies that plan to participate in competitive bidding have begun to consolidate in the lead up to July 1.In May, Mt. Vernon, N.Y.-based Landauer Metropolitan merged with Plainview, N.Y.-based Allcare Medical to create one of the largest providers in the Northeast. The deal allows Landauer, which wasn't offered any Round 2 contracts, to keep its considerable hand in the Medicare business. It currently serves 350,000 patients through 28 locations in nine states.Allcare, with six locations in three...

PLAINVIEW and MT. VERNON, N.Y. - Two New York-based DME providers, Landauer Metropolitan and Allcare Medical, have agreed to merge operations. The merger brings together two of the largest HME providers in the Northeast at a time when the industry is seeing significant consolidation due to competitive bidding, according to a press release. The newly merged company will be better equipped to handle the increased volume that will likely result from the program, the release notes. It will operate under...

PLAINVIEW and MT. VERNON, N.Y. - Two New York-based DME providers, Landauer Metropolitan and Allcare Medical, have agreed to merge operations. The merger brings together two of the largest HME providers in the Northeast at a time when the industry is seeing significant consolidation due to competitive bidding, according to a press release. The newly merged company will be better equipped to handle the increased volume that will likely result from the program, the release notes. It will operate under...

NEW YORK - C&C Homecare, a provider of home medical equipment and respiratory services based here, has acquired Sayreville, N.J.-based Allcare Medical, according to a press release. The combined company will service patients in and around New York City, Philadelphia and New Jersey. Richard Lerner, Allcare Medical's former owner, will remain with the company as president of the New Jersey Division. “We are excited to join forces with C&C Homecare, which has the resources to adapt to the evolving...