Tag: Coram
Coram downsizes in NY
August 2, 2022HME News Staff
ALBANY, N.Y. – Coram, a subsidiary of CVS, is closing its office in Colonie, N.Y., according to the Times Union. The company has notified the state Department of Labor that it will close the office in September, resulting in the loss of 70 jobs. A spokeswoman told the newspaper that Coram has decided to scale back its services to focus on specialty medications. "We regularly review operations to focus resources as efficiently as possible and pivot when necessary to invest in health care services...
Coram's Wanda Rogers receives Gene Graves Award
March 13, 2019HME News Staff
ALEXANDRIA, Va. - The National Home Infusion Association has named Wanda Rogers the recipient of the 2019 Gene Graves Lifetime Achievement Award. Rogers is the national director of pharmacy for Coram CVS Specialty Infusion Services. Rogers serves on the NHIA Standard Committee and the Joint Commission Medication Compounding Advisory Panel, and as the regional past president of the Virginia Society of Health-Systems Pharmacists. “NHIA is proud to recognize Wanda's accomplishments and distinguished...
Short takes: Coram, Coloplast
April 4, 2017HME News Staff
Coram CVS Specialty Infusion Serviceshas made Functional Formularies feeding tube and oral meal replacement formulas available to its customer base. Liquid Hope and Nourish, adult and pediatric certified organic, whole foods formulas, will be available through Coram, making them even more accessible to thousands of individuals and families coping with a wide-range of challenging health conditions, from cancer to ALS, Parkinson's and MS. “Our new partnership with Coram shows the industry, which...
CVS touts infusion care at home
May 6, 2016HME News Staff
WOONSOCKET, R.I. - Home infusion care is safe and clinically effective, and improves quality of life, all the while reducing costs, according to a new study by CVS Health Research Institute that has been published in Healthcare: The Journal of Delivery Science and Innovation. “As the U.S. healthcare payment system shifts from volume to value, we are focused on identifying new approaches to health service delivery that provide better care and improve patient outcomes, while lowering costs,”...
Is Blackstone shopping Apria?
November 7, 2014HME News Staff
LAKE FOREST, Calif. - Private equity firm The Blackstone Group is said to be in discussions to sell Apria Healthcare, according to an article published on Reuters PE Hub. Blackstone acquired Apria in 2008 for $1.6 billion. In late 2013, Apria sold Coram, its home infusion business, to CVS Caremark for $2.1 billion. The infusion business had revenues of $975.3 million in the third quarter of 2013—about 53% of Apria's revenue.
Private equity has appetite for home infusion
January 15, 2014Theresa Flaherty, Managing Editor
YARMOUTH, Maine - Demand for home infusion companies at both ends of the scale was strong in 2013, say analysts.“There's bigger deals and then there's the bolt-on acquisitions,” said Reg Blackburn, managing director of specialty pharmacy and infusion services for The Braff Group. “There's not a lot in the middle.”The big news in 2013 was the sale of Coram to CVS Caremark in November for $2.1 billion. Other notable deals include BioScrip's acquisitions of CarePoint Partners...
Apria ready for new 'world,' analysts say
December 6, 2013Theresa Flaherty, Managing Editor
LAKE FOREST, Calif. - Apria Healthcare has repositioned itself as a respiratory-focused company with the sale of its home infusion business, Coram, to CVS Caremark, analysts say.“My guess is that they perceive themselves as pretty well-positioned for a world of lower reimbursements and fewer competitors,” said Rick Glass, president of Steven Richards & Associates. “They have scale and run an efficient business.”The $2.1 billion deal, announced Nov. 27, allows Apria to reduce...
Former Apria exec moves to new post
December 2, 2013HME News Staff
DENVER - Daniel Greenleaf is now president and CEO of specialty-infusion company Home Solutions, the Denver Post reports. “His strong executive skills and commercial and operations background bring crucial elements to achieve significant growth, operational efficiencies and continued success for Home Solutions,” said Steve Neumann, managing partner of KRG Capital Partners. Greenleaf joined Apria as president of Coram Specialty Infusion in 2008, which CVS Caremark purchased last week...
CVS buys Coram
November 27, 2013HME News Staff
LAKE FOREST, Calif. - CVS Caremark has agreed to acquire Apria's home infusion business, Coram, for $2.1 billion, the companies announced today.“CVS Caremark and Coram share a mutual commitment to provide patients with quality care,” said John Figueroa, Coram CEO.Apria acquired Denver-based Coram for $350 million in 2007. Today, Coram has more than 4,500 employees and serves more than 20,000 patients each month through 85 locations. Third quarter revenues for the division, reported...