Tag: Drive DeVilbiss Healthcare

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...

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...

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...

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...

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...

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...

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,...

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,”...

PORT WASHINGTON, N.Y. - Joe Lewarski has been elected to the board of directors of the American Respiratory Care Foundation. Lewarski, vice president of global respiratory and sleep for Drive DeVilbiss Healthcare, is a registered respiratory therapist and fellow of the American Association for Respiratory Care. He has also served multiple terms on the AAHomecare board of directors and he was awarded the association's Homecare Champion Award in 2011. Lewarski was also awarded the Invacare Award for...

Greater public awareness of obstructive sleep apnea, ongoing technological advancements and stronger patient compliance are all contributing factors in the continued viability of the sleep therapy industry, market specialists say. If anything, they say the upside is still high and wide for providers.The sleep market is barely out of its nascent stage, working to overcome obstacles like apnea patient compliance with CPAP therapy. Over the years, manufacturers have steadily focused on improving the...