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Tag: Drive DeVilbiss Healthcare


News

In brief: CMS guidance, Convatec acquisition, Drive CEO

April 2, 2021HME News Staff

WASHINGTON – CMS has instructed the Medicare Administrative Contractors (MACs) to hold all claims with dates of service on or after April 1, 2021, for a short period, in anticipation of possible congressional action to extend the moratorium on the 2% sequestration cuts.  “This will minimize the volume of claims the MACs must reprocess if Congress extends the suspension,” CMS wrote in a March 30 bulletin. “The MACs will automatically reprocess any claims paid with the...

Braze Mobility, Complex Rehab, ConvaTec, Cure Medical, Drive DeVilbiss Healthcare, Home Medical Equipment, Invacare, Merits, Oventus Medical


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Derek Lampert

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Drive taps Lampert as CEO 

April 1, 2021HME News Staff

PORT WASHINGTON, N.Y. – Drive DeVilbiss Healthcare has named Derek Lampert CEO.  Lampert, who has more than 20 years of experience in the DME industry, joined Drive as a territory sales manager in 2003 and has held a variety of roles at the company. In 2020, he assumed responsibility for North American manufacturing operations as COO and global and commercial operations as president.  “At Drive, the belief is that we build our people so that they can...

Derek Lampert, Drive DeVilbiss Healthcare, Home Medical Equipment


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In brief: Drive gets new CEO, AdaptHealth buys PCS from McKesson

November 22, 2019HME News Staff

PORT WASHINGTON, N.Y. - Drive DeVilbiss Healthcare CEO Bob Gilligan has stepped down, the company announced Nov. 19.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...

AdaptHealth, Drive DeVilbiss Healthcare, National Seating & Mobility


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Also Noted

Drive closes on $35M in capital

October 4, 2019HME News Staff

PORT WASHINGTON, N.Y. - Drive DeVilbiss Healthcare has successfully closed on a deal that will give it $35 million in new capital. The transaction, first announced Sept. 20, also reduces its cash debt service obligations from its current lenders of approximately $100 million over the next two and a half years. “This transaction provides the improved capital structure and new funding required to fuel the execution of Drive's business plan,” said Bob Gilligan, CEO. The Wall Street Journal...

Drive DeVilbiss Healthcare


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Providers watch for changes at Drive DeVilbiss

September 13, 2019Liz Beaulieu, Editor

PORT WASHINGTON, N.Y. - HME providers say they're keeping an eye on Drive DeVilbiss Healthcare, now that it has been reported the company is $600 million in debt.“We do buy from them and rely on them, so it's troubling,” said John Quinlan, president of the Northeast Medical Equipment Providers Association (NEMEP) and owner of Quinlan's Pharmacy & Medical Supply in Wayland, N.Y.The Wall Street Journal reported on Sept. 4 that Medical Depot, which operates Drive DeVilbiss, has begun restructuring...

Drive DeVilbiss Healthcare, Durable Medical Equipment


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Drive DeVilbiss struggles with $600M in debt

September 6, 2019HME News Staff

PORT WASHINGTON, N.Y. - Medical Depot, which operates as Drive DeVilbiss Healthcare, has begun restructuring talks with its senior lenders, the Wall Street Journal has reported. In a bid to avoid filing for bankruptcy, a group of lenders and advisors is trying to reach an out-of-court deal to restructure $600 million in debt, according to the newspaper. Lenders recently signed a nondisclosure agreement to access privileged information about the company, it has reported.The advisors include the law...

Drive DeVilbiss Healthcare, Medical Depot


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News

In brief: NSM enters Pine Tree State, Cure Medical expands

March 16, 2018HME News Staff

NASHVILLE, Tenn. - National Seating & Mobility has opened a branch in Bangor, Maine—its first in the state, it announced last week. The provider also plans to open a branch in Portland this spring. “We are proud to add these new locations and experienced professionals to the NSM family and look forward to partnering with healthcare providers to serve clients in these communities,” said CEO Bill Mixon. In December, NSM opened a branch in Anchorage, Alaska.Compass Health completes...

Cure Medical, Drive DeVilbiss Healthcare, Option Care


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Also Noted

Drive DeVilbiss marks World Sleep Day

March 14, 2018HME News Staff

PORT WASHINGTON, N.Y. - Drive DeVilbiss Healthcare will recognize World Sleep Day on March 16 to raise awareness of the importance of sleep and the prevalence of undiagnosed sleep apnea specifically in Latin America. In a study to determine the most common sleep disorders in four Latin American countries published in the Journal of Clinical Sleep Medicine, 60.2% of subjects reported snoring, 16.4% reported excessive daytime sleepiness and 12.3% reported observed apneas. “Poor quality sleep...

Drive DeVilbiss Healthcare, Sleep Apnea, World Sleep Day


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In brief: Invacare reduces workforce, Gilligan replaces Diamond at Drive

December 8, 2017HME News Staff

ELYRIA, Ohio - Invacare will reduce its workforce by about 110 employees to generate $8.5 million in pre-tax savings, the company announced Dec. 7.The move, which affects employees in North America, is part of a multi-year strategic plan to transforms Invacare into a more clinically focused company, says Matthew Monaghan, chairman, president and CEO.“This reduction in force, while difficult, is an essential part of the second phase of our transformation toward becoming a more sustainably profitable,...

Butler Mobility, Drive DeVilbiss Healthcare, Integrated HomeCare, Invacare, National Seating & Mobility, Vents, VitalCare


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Manufacturers meet consumers online

September 8, 2017Liz Beaulieu, Editor

YARMOUTH, Maine - Drive DeVilbiss Healthcare and Invacare have joined the growing ranks of HME manufacturers that have launched online communities for consumers.Inspired by Drive, a division of Drive that makes positioning and mobility products for the pediatric market, launched “Live Inspired,” an online community for families with children with special needs, in August.“It helps us stay competitive, but it's more about wanting to show that we're committed to these families,”...

Drive DeVilbiss Healthcare, Invacare


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