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Tag: financial results


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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Also Noted

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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Also Noted

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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Providers

AdaptHealth remains 'opportunistic,' despite pandemic

November 4, 2020HME News Staff

PLYMOUTH MEETING, Pa. - AdaptHealth reported net revenue of $284.4 million for the third quarter, a 108% increase over the same quarter one year ago. Adjusted EBITDA was $53.2 million vs. $31.7 million. “Our strong year-to-date financial performance and improved outlook for the remainder of 2020 reflects the tremendous efforts of our employees and their dedication to our patients and health care partners,” said CEO Luke McGee. “We have remained opportunistic throughout the quarter,...

AdaptHealth, financial results, M&A


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Providers

Protech reports double-digit increases in its customer base

August 19, 2020HME News Staff

CINCINNATI - Protech Home Medical reported revenue of $25.9 million for the third quarter of 2020, a 28% increase compared to the same period last year and a 7% increase from the previous quarter.Adjusted EBITDA was $5.5 million vs. $3.8 million, a 47% increase year over year.The company's operational highlights for the quarter included:Its customer base hit 37,128 in the third quarter, a 19% increase year over year.Respiratory resupply setups and/or deliveries hit 14,436, a 31% increase.Equipment...

financial results, Protech, respiratory


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Also Noted

DarioHealth improves revenue, looks to shift business model

August 13, 2020HME News Staff

NEW YORK - DarioHealth reported revenues of $1.79 million for the second quarter ended June 30, a 7.2% sequential increase from the first quarter this year and an 8.2% increase from the same period last year. Net loss attributable to holders of common stock was $4.8 million for the second quarter this year vs. $5.4 million for the same period last year. The company reported revenues of $3.45 million for the first six months of 2020, an 11.3% decrease from the same period in 2019. Net loss was $13.9...

DarioHealth, financial results


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AdaptHealth posts strong quarter amid pandemic

August 5, 2020HME News Staff

PLYMOUTH MEETING, Pa. - AdaptHealth reported net revenue of $232.1 million for the second quarter ended June 30, an 87% increase from the same period in 2019, aided by its ability to supply critically needed equipment and medical supplies to referral partners during the COVID-19 pandemic. Net income was $4 million vs. a net loss of $2.1 million. The company reported net revenue of $423.6 million for the first six months of 2020, a 74% increase compared to the same period in 2019. Net income was $3.9...

AdaptHealth, coronavirus outbreak, financial results


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Also Noted

Inogen sees lower demand for POCs

August 5, 2020HME News Staff

GOLETA, Calif. - Inogen reported $71.7 million in total revenue for the second quarter, a 29.1% decrease compared to the same period in 2019. It reported net income of $2.6 million vs. $10.2 million. “The COVID-19 PHE had a meaningful impact on our business in the second quarter as we saw lower demand across all sales channels, which we believe was largely due to shelter-in-place orders, lower travel, and fewer new oxygen referrals due to limited physician office visits,” said Scott Wilkinson,...

financial results, Inogen, POC


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Option Care sees significant impact from pandemic

August 5, 2020HME News Staff

BANNOCKBURN, Ill. - Option Care Health reported net revenue of $740.8 million for the second quarter ended June 30, a 49% increase compared to the same period in 2019. The company noted, however, that given the merger between Option Care and BioScrip comparisons to historical periods are relative to Option Care only and incorporate BioScrip results from Aug. 6, 2019, prospectively. Option Care reported a net loss of $7.7 million vs. $13.6 million. “I am very pleased with the second quarter...

coronavirus outbreak, financial results, home infusion, Option Care


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