Skip to Content

Tag: Apria Healthcare


Providers

OM credits ‘consistent and strong’ supplies biz 

August 5, 2022Theresa Flaherty, Managing Editor

RICHMOND, Va. – Above-market growth in its Byram Healthcare business contributed to a strong quarter for Owens & Minor’s Patient Direct division, company execs said on a recent earnings call.  Byram saw double-digit growth across all major product categories in its portfolio of disposable medical supplies, say execs.  “Our Patient Direct business is consistent and strong, driving recurring revenue as it focuses on serving patients with chronic lifelong conditions...

Apria Healthcare, Byram Healthcare, Owens & Minor, patient direct


Read Full Articlered right arrow icon

Providers

Owens & Minor ‘capitalizing’ on shift to home

August 3, 2022HME News Staff

RICHMOND, Va.- Owens & Minor reported revenues of $573 million for its Patient Direct segment, a 145% increase, with Byram revenue growth of 17% and Apria pro forma up 4.4%.   "Our Patient Direct segment again executed very well and continues to grow as a percentage of total company profitability, and quarterly results were driven by the consistent strength in our Byram business that once again saw growth outpace the market,” said Edward Pesicka, president and CEO. “Apria...

Apria Healthcare, Home Medical Equipment, Owens & Minor


Read Full Articlered right arrow icon

Providers

Owens & Minor’s patient direct segment starts strong

May 6, 2022Theresa Flaherty, Managing Editor

RICHMOND, Va. – The fast growth of Owens & Minor’s patient direct platform, which posted 25% revenue growth during the first quarter of 2022, is an indicator of the company’s strength in the home health market, company officials said during a recent earnings call.  And officials expect to see that double-digit growth rate continue for the platform, which is comprised of Byram Healthcare and the newly acquired Apria Healthcare.  “It's a $50 billion market...

Apria Healthcare, Byram Healthcare, Home Medical Equipment, Owens & Minor


Read Full Articlered right arrow icon

Providers

OM gets boost from Apria

May 4, 2022HME News Staff

RICHMOND, Va. – Owens & Minor reported net revenues of nearly $273 million for its patient direct segment for the first quarter of 2022, a 25.7% increase compared to the same period last year, boosted by its acquisition of Apria Healthcare, which it finalized March 29.  Excluding Apria, revenue for the patient direct segment increased 20.7%, marking Byram's strongest quarter of growth in the past two years.  "The first quarter of 2022 marked an important milestone –...

Apria Healthcare, Home Medical Equipment, Owens & Minor


Read Full Articlered right arrow icon

Dan Starck

Providers

Apria CEO: ‘2021 was a banner year’ 

February 28, 2022HME News Staff

INDIANAPOLIS – Apria Healthcare has reported net revenue of $296.5 million for the fourth quarter of 2021, up 0.9% compared to the same period in 2020. Net income was $17 million vs. $25.9 million, down 34.5%.  The company reported net revenue of $1.15 billion for the full year 2021, up 3.3% compared to full year 2020. Net income was $64.9 million vs. $46.1 million, up 40.6%.  “We reported solid fourth quarter financial results and 2021 was a good year for Apria,”...

Apria Healthcare, COVID-19 Pandemic, Financial Results, Philips Recall


Read Full Articlered right arrow icon

Dex

Providers

OM’s Byram and Apria ‘complete each other’

January 28, 2022Theresa Flaherty, Managing Editor

YARMOUTH, Maine – Owens & Minor’s anticipated acquisition of Apria Healthcare, announced earlier this month, follows the playbook of a deal generating synergies between buyer and “buyee,” but the companies have their work cut out for them, says Dexter Braff, president of the Braff Group.  “You’ve got two mammoth organization trying to find a way to work with one another to optimize these and leverage those opportunities,” he said. “It’s...

Apria Healthcare, Braff Group, Byram Healthcare, Dexter Braff, Home Medical Equipment, Owens & Minor


Read Full Articlered right arrow icon

Providers

Owens & Minor turns 140

January 19, 2022HME News Staff

RICHMOND, Va. – Owens & Minor on Jan. 18 marked 140 years in business.   Founded by Otho O. Owens and George Gilmer Minor, II, as a pharmaceutical wholesale and retail company, the Owens & Minor Drug Company operated on Main Street in downtown Richmond, setting its sights on the untapped market share of rural and small-town pharmacists who needed supplies. Today, it is a global Fortune 500 company with 15,000 employees.  "Today we celebrate all that Owens & Minor has accomplished...

Apria Healthcare, Byram Healthcare, Home Medical Equipment, Owens & Minor


Read Full Articlered right arrow icon

Dan Starck

Providers

Apria joins Byram in OM’s patient direct platform

January 14, 2022Theresa Flaherty, Managing Editor

RICHMOND, Va., and INDIANAPOLIS – The combination of Byram Healthcare and Apria will create a platform for Owens & Minor to expand in the fast-growing home health care market, says Edward Pesicka, its president and CEO.  Byram’s portfolio is comprised of diabetes, ostomy, incontinence and wound care supplies, while Apria’s is comprised of home respiratory, sleep apnea, negative pressure wound therapy and traditional HME products.  “That creates an opportunity...

Apria Healthcare, Byram Healthcare, M&A, Owens & Minor


Read Full Articlered right arrow icon

Apria grows sleep biz, despite drag on supply

Providers

Apria grows sleep biz, despite drag on supply

November 5, 2021Theresa Flaherty, Managing Editor

INDIANAPOLIS – As Apria looks to the end of the year, the availability of CPAP devices is a “wild card,” says CEO Dan Starck.  “We saw a sustained increase in incoming volume through Q3 and continue to see it in October and November,” he said on a call to discuss the company’s most recent financial results. “If we could get our hands on more equipment, we’d have much more growth in the quarter from a sleep standpoint.”  Apria’s...

Apria Healthcare, CPAP equipment, Dan Starck, Home Medical Equipment


Read Full Articlered right arrow icon

Also Noted

Apria names chief accounting officer

October 6, 2021HME News Staff

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...

Apria Healthcare, Home Medical Equipment


Read Full Articlered right arrow icon