Tag: Casey Hoyt

LAFAYETTE, La. – The recent Philips recall on certain CPAP devices and ventilators hasn’t created a disruption for Viemed Healthcare and may even provide an opportunity for growth, said CEO Casey Hoyt during a call to discuss the company’s second quarter earnings.  “Viemed has been proactively acquiring replacement inventory from alternative manufacturers,” he said. “We have always been a device-agnostic company, focused on service rather than equipment,...

LAFAYETTE, La. – After weathering some of its toughest months in January and February from the dual impacts of COVID-19 and a treacherous ice storm, Viemed Healthcare saw significant patient growth in March, says CEO Casey Hoyt.  “In January and February, we were admitting 65% of our pre-COVID new patients,” he said on a recent earnings call to discuss first quarter financial results*. “March was right around 90% of pre-COVID numbers....

LAFAYETTE, La. – Viemed Healthcare grew its core business by 21% in 2020 and rolled out several new programs in the fourth quarter that will enhance and diversify the company’s overall business in 2021, says CEO Casey Hoyt.  For one, the company has moved from pilots to national rollouts of both its “Engage” and “View” platforms, which...

While the COVID-19 pandemic has dominated headlines in 2020, HME providers still face challenges from natural disasters like Hurricane Laura, which blew ashore Aug. 27 in Louisiana as a Category 4 with winds of 150 mph. Both events have shined a light on the need for technology in the home to care for patients, says Casey Hoyt, CEO of Lafayette-based Viemed Healthcare. HME spoke with Hoyt about his company's response to the storm and how the pandemic helped it weather the hurricane. HME News: How...

LAFAYETTE, La. ­- Viemed Healthcare reported second quarter net revenue of $42.9 million, an increase of 111% compared to the second quarter 2019. Of that, approximately $19.7 million was from product sales related to the ongoing COVID-19 pandemic. Net income for the quarter was $19.4 million, a company record, compared to $1.3 million the same quarter in 2019. “We have once again demonstrated our ability to create value while serving as a resource for those in need during the COVID-19 pandemic,”...

PLYMOUTH MEETING, Pa. - AdaptHealth reported net revenue of $191.4 million for the first quarter of 2020, a 60% increase over the same quarter one year ago.Patient Care Solutions, which the company closed on in January, generated net revenue of $33.9 million.The company reported that net loss for the quarter was $0.2 million compare to $5.8 million in the first quarter of 2019. Adjusted EBITDA was $17.5 million."Despite significant and sudden challenges brought on by the COVID-19 pandemic, our strong...

LAFAYETTE, La. - Viemed Healthcare has been supplying ventilators to healthcare facilities around the country and educating them on using the high-tech devices, even as it maintains its own role in treating patients in the home to free up hospital beds for COVID-19 cases.“This is shining a light on how important of a need we have, not only for this technology but also the understanding of how to use it,” said CEO Casey Hoyt. “We have eight to 10 variations of vents moving around...

LAFAYETTE, La. - Viemed Healthcare reported revenues of $14.1 million and gross margin of $10.6 million for the quarter ended March 31, 2018, increases of 41% and 45%, respectively. The company had a working capital balance of $5.2 million and a $5 million line of credit. Adjusted EBITDA for the quarter totaled approximately $3.8 million or 27%. Viemed grew its ventilator patient count by approximately 38% compared to the same quarter in 2017. The company also completed an ongoing CMS audit. “Our...

LAFAYETTE, La. - With its corporate split in the rearview mirror, Viemed Healthcare has hit the ground running, company execs told investors on a recent earnings call.“We expect strategic acquisitions, new payer contracts and favorable market conditions to play the biggest role in our organic growth,” said CEO Casey Hoyt. “We are always searching for opportunities to bring incremental growth to our company.”Viemed reported revenues of $13.5 million for the fourth quarter of...