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Tag: consolidation


News

In brief: KabaFusion buys Lincare's home infusion biz, Knueppel Healthcare to close

March 6, 2020HME News Staff

CERRITOS, Calif. - KabaFusion has acquired the home infusion assets of Lincare, expanding its footprint to 28 specialty pharmacies.The deal adds specialty pharmacies in 11 markets: Alabama, Arkansas, Florida, Indiana, Kentucky, Michigan, New Jersey, New York, North Carolina, Virginia and Wyoming.“We are excited to expand our national network with the infusion pharmacies from Lincare,” said Dr. Sohail Masood, founder and CEO. “We look forward to combining the best of both our teams,...

AdaptHealth, consolidation, KabaFusion, Knueppel Healthcare, lincare, M&A


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Providers

Knueppel Healthcare to close

March 4, 2020HME News Staff

MILWAUKEE - Knueppel Healthcare Services, citing unsustainable Medicare reimbursement, will close by the end of April, according to the Milwaukee Business News.The provider, a third-generation family business, also cited competition from e-commerce as a reason for closing and laying off 44 employees.“I've been doing it for close to 20 years now; I gave it my best,” William Knueppel told the newspaper. “On a personal level, I feel I let my father down (who passed in 2008). I feel...

close, consolidation, Knueppel Healthcare


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Specialty Providers

UnitedHealth Group buys specialty pharmacy

December 12, 2019HME News Staff

EDEN PRAIRIE, Minn., and FLINT, Mich. - UnitedHealth Group's Optum division will pay about $300 million to buy Diplomat, a provider of specialty pharmacy and infusion services, according to news reports.Diplomat focuses on managing specialty medications, including oncology and immunology, and provides specialized infusion therapies in all 50 states and Washington, D.C.“With its focus in specialty and infusion services, Diplomat has a proven track record of solving the unique challenges facing...

consolidation, Diplomat, M&A, Optum, PBMs, UnitedHealth Group


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Also Noted

Reduction in providers up to 37%

May 3, 2019HME News Staff

WASHINGTON - There are about 6,143 unique providers and 9,195 traditional locations as of January 2019, a 37% and 35% reduction, respectively, since the inception of Medicare's competitive bidding program, AAHomecare reports. There has been about a 3% decrease in both providers and locations since the association's last quarterly report in October. Click here for an updated tracking sheet.

competitive bidding, consolidation


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Mobility

NSM grows presence in Bay Area

March 5, 2019HME News Staff

NASHVILLE, Tenn. - National Seating & Mobility is expanding its footprint in California with the acquisition of Western Rehab Solutions in Martinez.NSM will now operate 16 locations in the state.“We are excited to expand our northern California footprint with this new branch, and look forward to partnering with this experienced and well respected team to bring innovative mobility and accessibility solutions to Bay Area clients,” said Bill Mixon, NSM CEO.NSM already operates branches in...

complex rehab, consolidation, M&A, NSM


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Also Noted

Ritzman Pharmacies sells to CVS

January 8, 2019HME News Staff

MEDINA, Ohio - Ritzman Pharmacies will sell its 20 retail pharmacies serving primarily northeast Ohio to CVS Pharmacy, The Associated Press reports. CVS Pharmacy plans to operate in the same locations with the same staff in Ritzman's Akron and Berlin stores, and close the remaining stores and transfer all files to nearby CVS Pharmacy stores, according to the AP. Ritzman will continue to manage Summa's Home Infusion through a managing company called VAR. Eric Graf, president and CEO of Ritzman, told...

consolidation, CVS, M&A, Ritzman Pharmacies


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News

M&A: DJO sells, Aeroflow buys

November 27, 2018HME News Staff

ANNAPOLIS, Md. - Colfax Corp. has entered into a definitive agreement to buy DJO Global from an investment group led by private equity firm Blackstone for $3.15 billion in cash.Colfax provides air and gas handling and fabrication technology products and services to customers around the world, primarily under the Howden and ESAB brands.“The acquisition of DJO is a compelling next step in the strategic evolutions of Colfax that creates a new growth platform in the high-margin orthopedic solutions...

Aeroflow, consolidation, DJO, M&A, orthopedics, resupply


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Vendors

Philips consolidates manufacturing

November 13, 2018HME News Staff

KENNESAW, Ga. - Philips is taking steps to consolidate and transfer manufacturing, R&D operations and related business functions from its facility in Kennesaw, Ga.The process will continue through the end of 2019, the company says.“During this period, manufacturing operations in Kennesaw, which includes home oxygen and a limited number of other products, will be transitioned to a third-party manufacturer and existing Philips facilities in western Pennsylvania,” the company stated.The...

consolidation, manufacturing, Oxygen, Philips


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Also Noted

Homecare Medical Supply joins Respiratory Services of WNY

August 3, 2018HME News Staff

AUBURN, N.Y., and BUFFALO, N.Y. - Homecare Medical Supply in Auburn, N.Y., has become a branch of Respiratory Services of Western New York in Buffalo, N.Y., according to the Olean Times Herald. Homecare Medical Supply will retain its name and location, and the son of the founders, Joe Manning, and granddaughter Cynthia Manning, will continue to manage the store, the newspaper reported. Respiratory Services of Western New York is a full-service provider of home respiratory and medical equipment and...

consolidation, Homecare Medical Supply, merger, Respiratory Services of WNY


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Also Noted

Degen Berglund closes store dues to industry challenges

May 11, 2018HME News Staff

LA CROSSE, Wis. - Degen Berglund plans to close its home medical services store, laying off 30 employees, according to a local TV station. The company says it is selling its CPAP business to Family Medical Supply and CPAP, also located in La Crosse, and will now focus on its pharmacy and retail businesses. In a statement, the company told the station that industry challenges have made it more difficult to provide service to people needing DME and CPAP. The layoffs will begin in phases, starting July...

closure, consolidation, cpap, Degen Berglund


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