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Tag: AssuraMed


Specialty Providers

UroMed to close

June 13, 2019HME News Staff

SUWANEE, Ga. - UroMed, a provider of urological, incontinence and other disposable medical supplies, will close on July 8, according to a letter to its customers.“We apologize for any inconvenience this closure may cause; however, over the next few weeks UroMed will be working diligently to ensure a seamless transition of care to another provider of your choice in accordance with your plan's network,” reads the letter, signed by Ryan Schorr, vice president and general manager.UroMed was...

AssuraMed, Cardinal Health, closing, medical supplies, uromed


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Vendors

AssuraMed buys UroMed in 'tuck-in acquisition'

January 17, 2014Liz Beaulieu, Editor

DUBLIN, Ohio - AssuraMed has quietly bought another competitor of its Edgepark Medial Supply business unit: UroMed, a Suwanee, Ga.-based provider of urological, incontinence and other disposable medical supplies.Employees at UroMed were told of the acquisition on Friday, Jan. 10, according to industry sources. When contacted by HME News the following week, officials at AssuraMed confirmed the news.“AssuraMed did acquire UroMed,” said Michael Petras, president and general manager.In January...

AssuraMed, Michael Petras, uromed


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News

In brief: Gov't delays hearings, Cardinal highlights AssuraMed

November 1, 2013HME News Staff

WASHINGTON - The Office of Medicare Hearings and Appeals (OMHA) will defer assignments for hearings—possibly up to 28 months, according to a recent notice. Requests for hearings received after July 15, 2013, will be entered into the agency's case processing system and held until there is room on an Administrative Law Judge's (ALJ) docket for adjudication. When a request is assigned, a notice will be sent, according to the notice. The ALJs have been backlogged for more than a year, thanks...

aahomecare, aahomecare manufacturers working group, AssuraMed, BOC, Cardinal Health, CareTouch, CMS, Convaid, CPAP, dead beneficiaries


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News

Cardinal highlights AssuraMed in earnings report

October 31, 2013HME News Staff

DUBLIN, Ohio - Healthcare services giant Cardinal Health has reported revenue of $24.5 billion in the first quarter of 2014 compared to $25.9 billion for the same period in 2013, a 5% decrease.The company reported net earnings of $339 million for the quarter compared to $271 million for the same period in 2013, a 25% increase.Thanks to the 2013 acquisition of AssuraMed, a home medical equipment distributor, Cardinal's medical segment saw revenues grow 13% to $2.7 billion. The acquisition also helped...

AssuraMed, Cardinal Health


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Also Noted

Report: M&A down in Q1 2013

May 3, 2013HME News Staff

DUBLIN, Ireland - Mergers and acquisitions in the medical equipment industry, along with asset transactions, were down 14% in the first quarter of 2013, according to a report from Research and Markets, a global market research firm. There were 139 deals in the first quarter of 2013, compared to 162 deals in the same quarter of 2012, the report noted. The fourth quarter of 2012 saw 164 deals close. “Deal activity slowed as companies have been apprehensive about their investments owing to macroeconomic...

Acquisitions, AssuraMed, Cardinal Health, hme, mergers


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Also Noted

CareFusion pays $41M to resolve allegations

April 30, 2013HME News Staff

SAN DIEGO - CareFusion, a manufacturer of home infusion pumps and respiratory products, has reached an agreement in principle to pay $41 million to the government to resolve an investigation related to prior sales and marketing practices and its relationships with healthcare professionals, according to a press release. The company will record the charge in the third quarter of fiscal year 2013 to establish a reserve for this amount. In connection with these matters, CareFusion has entered into a...

AssuraMed, Cardinal Health, CareFusion, CPAP, hme, Home Infusion Therapy, respiratory supplies


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News

In brief: AAH president to depart, Cardinal seals deal

March 22, 2013HME News Staff

WASHINGTON, D.C. - Tyler Wilson, president and CEO of AAHomecare, will leave the association in September, when his employment contract expires, according to a press release. It's a mutual decision between Wilson, who joined the organization in 2006, and members of AAHomecare's executive committee. “Tyler led the association through one of the most challenging periods in the history of the industry by steadying it, reaching out to organizations with similar interests, strengthening the association's...

aahomecare, Amigo Mobility, AssuraMed, Brightree, Cardinal Health, Medtrade Spring, Michael Reinemer, Rooprai Spinal Trust, Tyler WIlson, Walt Gorski


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Also Noted

Cardinal Health completes acquisition of AssuraMed

March 19, 2013HME News Staff

DUBLIN, Ohio - Cardinal Health on March 18 completed its acquisition of AssuraMed, a direct-to-home HME supplies distributor, according to a press release. The $2.07 billion acquisition was financed with a combination of $1.3 billion in new senior unsecured notes and cash. All members of the AssuraMed management team have joined Cardinal Health, and the business will continue to be led by Michael Petras Jr., president of AssuraMed.

AssuraMed, Cardinal Health, Michael Petras


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Vendors

Cardinal Health closes healthcare loop

March 1, 2013Liz Beaulieu, Editor

DUBLIN, Ohio, and TWINSBURG, Ohio - One of Cardinal Health's many plans in the wake of its expected acquisition of AssuraMed may hit a sour note with HME providers.Cardinal Health execs say that they plan to use AssuraMed as a platform to begin offering Cardinal Health-branded products not only through providers but also direct to consumers, something they say competing distributors are already doing.“Given that we operate in the middle of the healthcare continuum, we are no strangers to meeting...

AssuraMed, Cardinal Health


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Vendors

Cardinal Health buys AssuraMed for $2.07 billion

February 15, 2013HME News Staff

DUBLIN, Ohio - One month after it acquired Invacare Supply Group, AssuraMed finds itself on the other end of a deal.Cardinal Health, which provides wholesale pharmaceuticals and medical supplies, plans to acquire AssuraMed, a home medical supplies distributor, for $2.07 billion, according to a press release. The move comes on the heels of AssuraMed's January purchase of Invacare Supply Group for $150 million.“Cardinal Health has a long and successful tradition in providing healthcare solutions...

AssuraMed, Cardinal Health, Invacare Supply Group


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