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Tag: financing


Providers

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...

cash pay, financing, golden technologies


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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, financing, OxyGo, 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 healthcare, CarePayment, financing


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NightBalance prepares to enter U.S. market

July 6, 2016HME News Staff

DELFT, Netherlands - NightBalance BV, a manufacturer of obstructive sleep apnea devices, has announced the completion of a EUR 12.5 million Series B financing round led by INKEF Capital and Gilde Healthcare Partners. The proceeds will allow NightBalance to intensify and expand commercial activities for its Sleep Position Trainer in Europe, and to prepare for the company's entry into the U.S. market. The manufacturer is also planning further clinical studies in the U.S. and filing for 510(k) clearance...

financing, NightBalance BV


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VGM broadens financing options

May 20, 2016HME News Staff

WATERLOO, Iowa - VGM and Associates and Whitebridge Financial have forged a partnership to provide VGM members with better access to financing options. Per the partnership, Whitebridge will offer VGM's more than 3,000 members nationwide a variety of flexible financing options to meet their diverse needs, with the goal of becoming their “one-stop shop.” “We are constantly looking for better ways to help our members provide easier access to the products their customers need to improve...

credit, financing, VGM


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Roscoe offers financing program

March 10, 2015HME News Staff

STRONGSVILLE, Ohio - Roscoe Medical has partnered with Navitas Lease to offer a new cash flow financing program to HME providers. Features of the program include a one-page application, highly competitive rates, financing terms from 12 to 36 months, credit decisions within hours and the ability to approve companies with a broad spectrum of credit profiles. Navitas is a nationwide provider of commercial financing programs.

financing, Roscoe Medical