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Tag: Financing

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Swift Medical completes fundraising 

January 29, 2024HME News Staff

TORONTO – Swift Medical, a digital health technology company serving wound care providers, has closed on an $8 million round of financing co-led by current investors, the Women in Technology Venture Fund at BDC Capital and funds managed by Virgo Investment Group. Swift Medical, which uses artificial intelligence to improve clinical and economic outcomes in chronic and acute wound care, has earmarked the financing to accelerate its pace of technology enhancements. “Swift has built a market...

Financing, Swift Medical, Wound Care

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ProSomnus raises $10M 

September 25, 2023HME News Staff

PLEASANTON, Calif. – ProSomnus, which makes a CPAP alternative for the treatment of obstructive sleep apnea, has completed a $10 million convertible preferred equity offering led by existing investors Spring Mountain Capital and Cetus Capital. The company will use the new capital to optimize its core business operations and support its strategic growth initiatives as it strives to achieve cash flow breakeven. “The completion of this financing fortifies our balance sheet as we continue...

CPAP Alternative, Financing, ProSomnus

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CareBridge attracts financing 

June 14, 2022HME News Staff

NASHVILLE, Tenn. – CareBridge, a value-based care solution for patients receiving home and community-based services, has closed a $140 million financing round, valuing the company at more than $1 billion.  Over the past 12 months, the company, whose intervention has been shown to reduce emergency room visits, hospitalizations and total costs, has grown more than 17x, expanding from serving about 1,100 full-risk patients in June 2021 to about 19,000 today.  “CareBridge...

CareBridge, Financing, home and community-based services, Value-Based Care

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Rotech obtains financing to continue growth 

December 29, 2020HME News Staff

ORLANDO, Fla. – Rotech Healthcare has obtained $425 million in new financing via an amended and reinstated credit agreement with a diverse group of lenders.  The provider used part of the proceeds to pay a $100 million dividend to its holding company and will use the remainder to support growth through strategic acquisitions.  “This new credit agreement provides Rotech with sufficient...

Financing, Rotech Healthcare

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Great Elm receives financing, rebrands 

December 22, 2020HME News Staff

WALTHAM, Mass. – Great Elm Capital has received a preferred equity investment of $37.7 million from an affiliate of JPMorgan Chase & Co. Proceeds will be used to refinance Great Elm’s DME business and to provide the business with growth capital, the company says. “This financing transaction enables the firm to accelerate the growth of our existing businesses and at the same time provides incremental capital to acquire additional businesses,” said Peter Reed, Great Elm’s...

Financing, Great Elm, Investment

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CIT provides financing to Protech Home Medical

September 23, 2020HME News Staff

NEW YORK - CIT Group's Healthcare Finance Group has provided a $20 million senior secured credit facility for Cincinnati-based Protech Home Medical. Protech Home will use the credit facility for general corporate purposes, acquisitions and ongoing business development, according to a press release. “With this new credit facility in place, we have added another tool in our toolbox that will further enable us to take the company through its next stage of growth with our key objectives in mind,”...

Financing, Protech Home Medical

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Smart Talk

Customer financing: Offer options as advantage

May 31, 2019Tim Donovan

A. In a crowded market like medical equipment, it can be hard to stand out. As customers are faced with more choices, identifying and understanding the target audience for your products is important. Recently we completed a generational health study which shed light into how each generation pays for care. We learned that customers in each generation can struggle to pay out-of-pocket healthcare and equipment costs. When insurance coverage for equipment decreases, customers may be more inclined to...

CareCredit, Financing, Tim Donovan

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Golden Technologies lines up consumer financing

September 6, 2017HME News Staff

OLD FORGE, Pa. - Golden Technologies has partnered with CareCredit to offer its dealers a new financing solution, the lift chair manufacturer announced Sept. 6. Through the partnership, dealers can now offer their customers a dedicated line of credit to pay for costs not covered by insurance. Financing offered through CareCredit can span six, 12 or 18 months, with dealers receiving payment in just two days, according to a press release. “We are excited about this strategic relationship with...

CareCredit, Cash, Financing, Golden Technologies, Payment

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Agreement increases access to OxyGo POCs

July 18, 2017HME News Staff

COSTA MESA, Calif. - CareCredit will provide financing options for the oxygen patients of nearly 20,000 providers across the country under a new, multi-year agreement with OxyGo. This marks CareCredit's first foray into the HME industry. “Entering this new market with a well-regarded partner aligns perfectly with our goal of helping people pay for the care they need when they need it,” said Greg Pierce, senior vice president and general manager of CareCredit. “Our agreement...

Applied Home Healthcare Equipment, Financing, OxyGo, Portable Oxygen Concentrator (POC)

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Apria offers payment options

March 30, 2017HME News Staff

LAKE FOREST, Calif. - Apria Healthcare has partnered with CarePayment, a patient financial engagement company, to provide financing to patients. The 0% APR payment program allows individual to pay over time for their medical supplies and care, according to a press release. “Americans are increasingly burdened by the rising out-of-pocket costs in our healthcare system,” said Dan Starck, CEO for Apria. “Unfortunately, extended illnesses often leave them struggling to make ends meet....

Apria, CarePayment, Financing

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