Tag: credit facility
Accendra Health provides update on CEO transition, credit facility
August 17, 2026HME News Staff
RICHMOND, Va. – Accendra Health says it plans to name a successor to CEO Edward Pesicka by mid-September, positioning the company for a timely leadership transition ahead of his retirement at the end of the year. “The company’s board of directors has maintained a comprehensive, long-standing CEO succession planning process supported by leading executive search and advisory firms,” it stated. “Following Mr. Pesicka’s formal announcement of his intention to retire...
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,”...