Tag: Drive DeVilbiss

PORT WASHINGTON, N.Y. – Jeff Schwartz, co-founder of Drive DeVilbiss Healthcare, has announced he is retiring March 31, 2022. Schwartz co-founded Medical Depot, which eventually became Drive Medical and then Drive DeVilbiss, in 2000. During his 22-year tenure, he has helped to grow the company to more than $1 billion in revenues. “I’m very proud to have had the privilege to guide Drive DeVilbiss from start up to its current leadership position in the industry,” Schwartz said....

As I was pulling the most read stories for this year, I was struck by the number of stories with unfinished business. The No. 1 most read story was the news that Drive DeVilbiss was struggling under $600 million in debt, as reported in the Wall Street Journal. Also cracking the top 15 (see below) was a subsequent story about providers going on alert about possible changes at Drive DeVilbiss due to its debt, and a story about the company securing $35 million in new capital, as well as a reduction...

PORT WASHINGTON, N.Y. - Drive DeVilbiss Healthcare CEO Bob Gilligan has stepped down, the company announced today.Drive's board of directors has appointed former Dentsply Sirona executive Robert Size as its new CEO. He will assume day-to-day leadership of the company and will also join the board.“We thank Bob Gilligan for his leadership and valuable contributions to Drive,” said John Compton, chairman of the board. “We are confident that Bob Size will lead Drive into a phase of...

PORT WASHINGTON, N.Y. - Drive DeVilbiss Healthcare has agreed in principle to receive $35 million in new capital, together with a reduction in cash debt service obligations from its current lenders.The transaction has broad support from the substantial majority of Drive's first and second lien lenders, and includes new capital from its primary equity holders, according to a press release.“We are pleased with the strong demonstration of support that our stakeholders have shown to our business...

PORT WASHINGTON, N.Y. - Drive DeVilbiss Healthcare is preparing to launch a new, state-of-the-art website this summer, the company announced June 21. With input from customers, the new site is being designed to provide faster, more efficient 24/7 account access, allowing them to take care of their own needs. “The features of our new account management dashboard will allow providers to self-service their entire Drive account online,” said Ed Link, chief marketing officer. “We...

For several years now, bariatrics has been a robust growth market for home medical equipment, following the rise in obesity across the U.S. As Americans' waistlines have bulged, HME manufacturers have responded by producing heavier duty versions of standard products across various categories.Sales have been historically strong for mobility, support surface, bath safety and aids to daily living equipment, prompting a focus on continued development of new bariatric products. Yet there are signs that...

PORT WASHINGTON, N.Y. - Drive DeVilbiss Healthcare has become the exclusive distributor of the Uccello Kettle in the United States and Canada, the company announced Jan. 26. The kettle features a weighted base that arcs on a rotating axis, and a non-weight bearing, ergonomic handle for easy and safe pouring. “The Uccello Kettle is equipped with easy pouring technology,” said Jeanne Borgia, product manager, Personal Care and Bath Safety. “This gives individuals with limited dexterity...

Oxygen technology continues to make strides, from remote monitoring connectivity to product engineering that bolsters efficiency, durability and longevity. And while new product designs ultimately benefit the patient, they are also geared toward saving providers money in a hardscrabble reimbursement climate, manufacturers say.“The goal of technological innovation is to drive better outcomes and lower costs across the board more efficiently,” said Biola Okunola, global marketing...

PORT WASHINGTON, N.Y. - Drive DeVilbiss Healthcare has named Bob Gilligan, former CEO of GE Industrial Solutions, as its new CEO. Gilligan replaces Harvey Diamond, who has assumed the role of vice chairman. In his new role, Diamond will serve as senior adviser to the company and as a “voice to customers, vendors and investors,” according to a press release. He will also continue to serve as a member of the company's board of directors. Gilligan brings to Drive more than 30 years of experience...

WASHINGTON - Drive DeVilbiss Healthcare has become a platinum level partner of AAHomecare, the highest corporate category. “Providing AAHomecare with additional resources is an investment that I am confident will pay significant dividends for our company, as well as the suppliers we serve,” said Harvey Diamond, CEO of Drive DeVilbiss. While AAHomecare's budget is largely derived from membership dues, additional financial commitments from corporate sponsors allow the association to increase...