Tag: Belluscura
In brief: Belluscura’s bankruptcy, CMS’s contract failures, Nationwide Medical’s rebrand
November 21, 2025HME News Staff
LONDON – Belluscura LLC filed for Chapter 7 bankruptcy on Oct. 29 in the Texas Eastern Bankruptcy Court.
Chapter 7 bankruptcy involves liquidation, the sale of a debtor’s nonexempt property and distribution of proceeds to creditors. According to the filing, Belluscura’s largest creditors include Amazon, Google and Hans Rudolph, a designer and manufacturer of respiratory valves and other respiratory products.
Just one day prior,...
Belluscura files for Chapter 7 bankruptcy amid foreclosure, financial struggles
November 20, 2025HME News Staff
LONDON – Belluscura LLC filed for Chapter 7 bankruptcy on Oct. 29 in the Texas Eastern Bankruptcy Court.
Chapter 7 bankruptcy involves liquidation, the sale of a debtor’s nonexempt property and distribution of proceeds to creditors. According to the filing, Belluscura’s largest creditors include Amazon, Google and Hans Rudolph, a designer and manufacturer of respiratory valves and other respiratory products.
Just one day prior,...
Belluscura initiates strategic review
May 12, 2025HME News Staff
LONDON – Belluscura has initiated a strategic review to evaluate a range of options to strengthen its capital position, including potential strategic investment, partnerships and alternative funding structures, following renewed demand for its X-PLOR portable oxygen concentrator in April. “Belluscura remains committed to achieving profitability,” the company stated in a May 9 trading update. “The principal constraint towards achieving this is access to sufficient working capital...
In brief: Quipt & InfuSystem report earnings, NCPA warns of strain, Belluscura reviews strategy
May 12, 2025HME News Staff
CINCINNATI – Quipt Home Medical has reported revenue of $57.4 million for the second quarter of 2025 compared to $61.3 million for the same period last year, a 6% decrease.
The company says revenue was impacted by ongoing headwinds from the withdrawal of Medicare Advantage members, following a capitated agreement that went to other providers in the industry, and a disposable supply contract that was not renewed.
On a positive note, the company says it saw improved momentum...
In brief: Owens & Minor invests in DT, Samsung partners with Stanford, Alabama fights PBMs
April 11, 2025HME News Staff
RICHMOND, Va. – Owens & Minor expects to achieve greater efficiencies for its Products & Healthcare Services business and improved customer service with new investments in technology, automation and analytics.
Initial roll out will focus on two new Owens & Minor distribution centers in West Virginia and South Dakota.
“Over the past two years, our P&HS teammates have worked creatively and diligently to identify areas where technology investments, operational upgrades...
Belluscura withdraws guidance
April 9, 2025HME News Staff
LONDON – Belluscura has withdrawn their previous market guidance for the current year ending Dec. 31, 2025, because of the potential financial implications, risks and opportunities of tariffs on imports to the United States. The company is currently assessing, in particular, the 54% tariff (previously 20%) for goods imported from China, in which a significant proportion of the company's portable oxygen concentrators, raw materials and component parts are currently manufactured. Belluscura...
Belluscura looks to wound care market
December 4, 2024HME News Staff
LONDON - Belluscura has entered into a joint venture with Separation Design Group and an undisclosed major medical device company to develop oxygen-based wound care solutions. The collaboration aims to address the growing wound care market through innovative treatments, including continuously diffused oxygen (CDO) therapy, which has shown potential in healing chronic wounds such as diabetic foot ulcers. The joint venture, in which Belluscura will act as the original equipment manufacturer (OEM),...
In brief: Rotech agreement, Merits USA president, Belluscura financing
November 27, 2024HME News Staff
ORLANDO, Fla. – Rotech Healthcare has announced a supplier agreement with Signifier Medical Technologies to introduce the eXciteOSA device to payers, health care providers and patients to treat mild to moderate obstructive sleep apnea.
The eXciteOSA device, approved by the U.S. Food and Drug Administration, uses neuromuscular electrical stimulation to tone tongue muscles to maintain an open airway during sleep, improving sleep quality and overall health.
“Partnering...
Belluscura secures $4M
November 25, 2024HME News Staff
LONDON and PLANO, Texas – Belluscura has entered into a credit facility of up to $4 million with Houston-based Sallyport Commercial Finance to build out its manufacturing, distribution and sales. The funding, as well as Medicare clearance on Oct. 28, means the company can now formally launch its DISCOV-R portable oxygen concentrator. "Since releasing the DISCOV-R earlier this year in a limited direct-to-consumer launch, we have seen increasing month-on-month demand for the product,”...
In brief: CMS to end CHOPD, Lincare CEO to lead CQRC
June 19, 2024HME News Staff
WASHINGTON – CMS has announced that payments under the Accelerated and Advance Payment (AAP) Program for the Change Healthcare/Optum Payment Disruption (CHOPD) will conclude on July 12, 2024.
Launched in early March, the CHOPD payments were designed to ease cash flow disruptions experienced by some Medicare providers and suppliers, such as hospitals, physicians and pharmacists, due to the unprecedented cyberattack that took health care electronic data interchange Change Healthcare...