Tag: Apria Healthcare

INDIANAPOLIS – Apria has named Christopher G. Lee to the newly created position of chief accounting officer. Lee has 18 years of accounting and financial leadership experience, most recently as senior vice president of accounting and finance at Apria. Prior to joining Apria in 2009, Lee was with Deloitte & Touche. “As a longtime Apria employee, Chris Lee is woven into the fabric of the company both professionally and personally, and we are incredibly grateful for his contributions over...

INDIANAPOLIS – A group of investors that includes AAHomecare, VGM & Associates, AdaptHealth, Apria Healthcare, Lincare and Rotech Healthcare have aligned to form DMEscripts, an independent e-prescribe company.  DMEscripts will use proprietary e-prescribe software to operate an open network for any DME supplier to join at no cost to prescribers and patients, the group says.  “I am thrilled at the collective energy of fellow industry leaders in embracing this digital transformation,...

As the COVID-19 pandemic began to take hold in early 2020, Apria, like most other companies, had no idea what to expect, says CEO Dan Starck.  “It’s been an interesting 17 months,” he said. “We’re still observing all things related to good practice, PPE, contactless delivery. We’re contemplating bringing people back at some point, but that’s the exception right now.”  Starck spoke with HME News recently, reflecting on lessons learned...

INDIANAPOLIS – Apria Healthcare saw a healthy rebound in its oxygen and sleep business in the second quarter, and that’s where the company will focus future growth efforts, said CEO Dan Starck on a recent earnings call.  “Our new patient starts on oxygen remained elevated above historical run rates and new sleep patient volumes ran above pre-pandemic levels, while ventilation and negative pressure wound therapy were at or near pre-pandemic levels,” said Starck, who...

INDIANAPOLIS – Apria Healthcare reported net revenue of $286.3 million for the second quarter of 2021, up 6.4% compared to the same quarter in 2020.  It reported net income of $20.6 million, up 153.1%. Adjusted EBITDA was $64.4 million, up 15.5%; and adjusted EBITDA less patient equipment capex was $44.1 million, up 2.2%.  “We delivered another strong quarter as our second quarter 2021 financial results were ahead of our expectations on all three of our key metrics, achieving...

PLYMOUTH MEETING, Pa. – Luke McGee has resigned from his positions as co-CEO and director of the board of AdaptHealth, and Stephen Griggs has been named CEO effective immediately.  Griggs, who is also a member of the board, joined AdaptHealth in February as co-CEO following the company’s acquisition of AeroCare Holdings, which he founded and led as president and CEO.  “Steve’s extensive management experience, along with health sector expertise and a proven...

INDIANAPOLIS – Apria is readying itself for a post-COVID world by embracing flexible working arrangements and leveraging telehealth to meet patients where they are, says CEO Dan Starck. While most of its patient-facing staff and operations remained working onsite throughout the pandemic and others who had transitioned to the home are slowly moving back to the office, the company is committed to a hybrid model going forward, he says. “The pandemic challenged all of us to rapidly...

SAN ANTONIO – Rackspace Technology has collaborated with Apria Healthcare to modernize its IT infrastructure, resulting in a 32% reduction in operating costs. Rackspace Technology collaborated with Apria Healthcare to manage, modernize and secure its data center by consolidating and collocating its existing infrastructure by leveraging Rackspace Professional Services for Amazon Web Services (AWS), Rackspace Private Cloud powered by VMware and Managed AWS infrastructure. The move to the new...

INDIANAPOLIS – Apria Healthcare has appointed Michael-Bryant Hicks as executive vice president, general counsel and corporate secretary. He joins Apria from Elanco Animal Health, where he held the same position. Hicks previously held positions at Mallinckrodt Pharmaceuticals and The Providence Service Corporation, where he oversaw all legal functions for both companies. Hicks replaces Raoul Smyth, who most recently served as executive vice president, general counsel and...

WASHINGTON – CMS’s competitive bidding program set the stage for a number of the difficulties that the HME industry is seeing as it tries to meet increased demand for oxygen therapy for COVID-19 patients, say the leaders of Apria Healthcare and Lincare and the Council of Quality Respiratory Care.  The agency may have dropped oxygen from Round 2021, its latest round of bidding, but 10 years since the program’s...