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Tag: financial results


Providers

Protech Home Medical reports ‘robust’ financial results

March 2, 2021HME News Staff

CINCINNATI – Protech Home Medical reported revenue of $22.8 million for the first quarter of fiscal year 2021, a 32% increase compared to the same period in 2020.  Adjusted EBITDA was $5.1 million vs. $3.3 million, a 53% increase.  “The momentum across the business continues to be robust as evidenced by our first quarter financial and operating results, and I am pleased to saw that we are seeing similar strong trends into our second quarter,” said CEO and Chairman...

financial results, Protech Home Medical, respiratory therapy


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Oventus reports significant growth

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Oventus reports significant growth

February 22, 2021HME News Staff

BRISBANE, Australia – Oventus Medical has booked revenues of $550,232 for the six-month period ended Dec. 31, a 192% increase over the prior period. The company credits growth driven by lab-in-lab sites that remained operational during the pandemic, continuing to scan patients; an expansion of the telehealth extension of the lab-in-lab program; and an increase in direct sales to dentists who delivered treatments in their own practices, as well as through lab-in-lab programs. “We...

financial results, obstructive sleep apnea, Oventus Medical, telehealth


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Providers

Great Elm set to resume ‘more active acquisitions’

February 16, 2021HME News Staff

WALTHAM, Mass. – Great Elm Group reported $14.5 million in total revenue for DME for the three months ended Dec. 31, a 1% increase compared to the same period last year.  It reported a net loss of $2.9 million vs. $700,000.  “DME was able to grow revenue during the quarter despite the continued negative impact of COVID-19 on its business,” said Peter Reed, CEO. “Profitability was depressed during the quarter primarily as a result of legacy revenue reserve issues...

financial results, Great Elm Group


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Providers

Protech reports ‘robust’ results

February 1, 2021HME News Staff

CINCINNATI – Protech Home Medical reported revenue of $25 million for the fourth quarter of its fiscal year 2020 compared to $19.5 million for the same period the previous year. It reported revenue of $97.8 million for the year vs. $81 million for 2019, a 21% increase.  Adjusted EBIDTA for the fourth quarter was $5.9 million vs. $3.5 million year over year, and for 2020, $20.8 million vs. $14.8 million year over year.  “Our...

financial results, Protech Home Medical


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Jim ResMed

Vendors

ResMed on POCs: ‘We don’t need (them)’

January 29, 2021Liz Beaulieu, Editor

SAN DIEGO – ResMed incurred a $13.9 million restructuring expense in the second quarter of its fiscal year 2021 as a result of closing its portable oxygen concentrator business.  The company stopped selling its Mobi POCs in November.  “Going forward, the cessation of the POC business will have an immaterial impact on both group revenue and earnings per share,” said Brett Sandercock, CFO, during a conference call on...

financial results, POC, Portable oxygen concentrators, ResMed


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ResMed posts ‘solid’ quarter

Vendors

ResMed posts ‘solid’ quarter

January 29, 2021HME News Staff

SAN DIEGO – ResMed reported revenues increased to $800 million for the three months ended Dec. 31, 2020, a 7% increase compared to the same period in 2019.  Net income was $179.5 million vs. $160.6 million.  “Our second quarter results reflect continued solid performance and positive trends across our business, resulting in top-line growth,” said Mick Farrell, CEO. “In our core markets of sleep apnea, COPD and asthma, we are seeing continued sequential improvement...

cpap, financial results, ResMed, sleep therapy


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Lewis Gradon

Vendors

F&P sees increased demand due to COVID-19 surges 

January 22, 2021HME News Staff

AUCKLAND, New Zealand – Fisher & Paykel Healthcare reports operating revenue for the nine months ended Dec. 31, 2020, was up 73% in constant currency compared to the prior comparable period.  In the hospital product group, operating revenue was up 113%, with hardware growing 446% and consumables growing 54%.  “In many parts of the world, we have continued to see an influx of COVID-19 patients requiring hospitalization for respiratory treatment,” said Lewis Gradon,...

coronavirus outbreak, financial results, Fisher & Paykel Healthcare, nasal high flow therapy, osa, sleep therapy


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Vendors

F&P Healthcare tracks 'surge'

December 1, 2020HME News Staff

LAGUNA HILLS, Calif. - Fisher & Paykel Healthcare reported operating revenue of $226.2 million for the first half of the 2021 financial year for its homecare product group, a 5% increase compared to the same period in the previous financial year. “Since the pandemic started, many sleep clinics have been closed, resulting in a reduction in new patient diagnoses,” said Lewis Gradon, managing director and CEO. “Our F&P Evora and F&P Vitera masks for OSA are great products that...

financial results, Fisher & Paykel Healthcare, respiratory products


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Protech Home Medical highlights growth

December 1, 2020HME News Staff

CINCINNATI - Protech Home Medical has reported preliminary revenue in the range of $26.1 million to $26.5 million for the quarter ended Sept. 30, driven by “robust organic growth.” It reported preliminary adjusted EBITDA in the range of $5.6 million to $6.1 million. “We have seen our sleep business pick up in the back half of the year, approaching levels seen early in 2020 and are optimistic the sleep business will return to and surpass pre-pandemic levels in 2021,” said Greg...

financial results, Protech Home Medical


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Great Elm shows improvement

November 17, 2020HME News Staff

WALTHAM, Mass. - Great Elm Capital Group has reported first quarter revenue for DME grew 10.4% year over year and 5% sequentially, results that show the company's ability to grow despite the negative impact of the COVID-19 pandemic, officials say. Great Elm reported a net loss for DME of $500,000 vs. $800,000 year over year, and an adjusted EBITDA of $2.8 million vs. $3 million year over year. “We made significant progress toward achievement of our strategic goals for both our DME and Investment...

durable medical equipment, financial results, Great Elm Capital


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