Tag: American HomePatient

TAMPA, Fla. - A federal judge has given preliminary approval to a class action settlement, the latest development in a lawsuit charging American HomePatient with negligence and invasion of privacy. The lawsuit stems from the burglary on Jan. 6, 2017, at AHP's Newark, Del., office of five unencrypted computer hard drives potentially containing sensitive and protected health information, medical information and other personally identifiable information of up to 13,701 customers. “Plaintiff...

MUNICH and DANBURY, Conn. - Linde and Praxair have announced their intention to merge, creating a company with revenues of about $30 billion and a current market value of more than $65 billion.The two companies have been courting each other, on and off, for two years.Linde, which bought Lincare for $4.6 billion in 2012 and American HomePatient in 2015, is currently the industrial gas industry's No. 2 player, followed by Praxair at No. 3. Air Liquide SA of France leads the industry.Praxair sold* its...

WASHINGTON - CMS has tapped Performant Recovery to perform post-payment reviews of Medicare claims for DMEPOS and home health/hospice nationwide.The other RACs awarded contracts will perform post-payment reviews to identify and correct Medicare claims that contain improper payments that were made under Part A and Part B for all provider types other than DMEPOS. Performant Recovery also won that contract for Region 1. Cotiviti won contracts for Region 2 and 3, and HMS Federal Solutions won a contract...

BRENTWOOD, Tenn. - American HomePatient will lay off 98 employees in Longview, Texas, by Dec. 31, according to the Longview News-Journal. AHP is closing its patient contact center there, consolidating operations in Nashville. The center employed 142 people in June, down from 160 in February, according to the newspaper. AHP expanded into Longview five years ago after the Longview Economic Development Corp. extended a seven-year, $1.1 million incentive. AHP promised to employ 220 people by 2015, according...

CLEARWATER, Fla. - Linde, which owns Lincare and as of late last year American HomePatient, is in talks for a megamerger with Praxair, according to Bloomberg. The all-stock deal, which could be valued at more than $30 billion, may be reached as early as the coming weeks, the news agency reported Aug. 15. Linde and Praxair confirmed news reports but said in separate statements that preliminary discussions may not lead to a transaction, according to Bloomberg. Praxair sold its U.S. homecare business...

YARMOUTH, Maine - Regional HME providers don't see any negative impact on their businesses from Lincare's acquisition of American HomePatient. In fact, they're looking for new opportunities as a result of the mega-merger.Financial analysts say the deal looks good on paper, with Clearwater Fla.-based Lincare gaining more financial muscle, market share and geographic coverage, as it absorbs Brentwood, Tenn.-based AHP's 220 locations. The union gives Lincare extensive penetration, as CMS applies competitive...

CLEARWATER, Fla. - Lincare, a U.S. subsidiary of The Linde Group, has closed on its acquisition of Brentwood, Tenn.-based American HomePatient, it announced today.Lincare announced its plans to buy AHP in December, pending requisite approvals from U.S. regulatory authorities.“The acquisition strengthens Linde's growth in the promising homecare market and reinforces the company's position as global leader in this area of healthcare services,” the company stated in a press release.AHP will...

GREENSBORO, N.C. - ConvaTec, a manufacturer of wound care and ostomy products, will begin closing its manufacturing facility here, resulting in 250 layoffs, according to news reports. It expects to complete the closure during the first quarter of 2017. The company announced in 2014 that it would shutter its office in Skillman, N.J., resulting in 118 layoffs from its sales, marketing and human resources division. ConvaTec is owned by Avista Capital Partners and Nordic Capital. The firms have been...

BRENTWOOD, Tenn. - American HomePatient plans to close a regional billing center in Buffalo, N.Y., in April, eliminating 42 jobs, according to Buffalo Business First. A company representative told the news agency that the move will not affect AHP's branch locations in the area and the employees who work there providing HME. “We have been working on initiatives to drive cost out of our organization,” the representative said. The representative also told the agency that the move is not...

CLEARWATER, Fla. - The acquisition of American HomePatient better positions Lincare to move forward as Medicare implements nationwide reimbursement cuts, say industry analysts.The agency plans to apply competitive bid pricing to non-bid areas on Jan. 1, sweeping the country with large reimbursement cuts.“They'll be able to to cover more geography and service more patients,” said Patrick Clifford, managing director, home medical equipment, for The Braff Group.The deal between the two companies...