Tag: Fisher & Paykel Healthcare

AUCKLAND, New Zealand – Now that the step-up in patient starts for sleep therapy has “probably washed through the previous year,” Fisher & Paykel Healthcare expects to maintain CPAP mask growth of about 10%, says CEO Lewis Gradon.  The company previously reported a 28% increase in revenue in constant currency terms for masks in the first half of financial year 2024, benefitting from significant progress in reducing a backlog of patients seeking therapy, but Gradon previously...

BOSTON – HoneyNaps, an AI sleep data analysis company based in South Korea, has closed its series B round of funding, securing $11.6 million.  This funding is nearly three times the $3.9 million raised through series A funding back in 2021.  "This successful funding amidst a challenging investment climate has validated our position as Korea's leading sleep-tech company,” the company’s CFO stated in a press release. "These resources will enable us to...

AUCKLAND, New Zealand – Fisher & Paykel Healthcare has reported total operating revenue of $1.74 billion for the 2024 financial year, a 10% increase year over year, or 8% in constant currency.  The company says its growth was driven by solid demand in hospital consumables and strong growth in the obstructive sleep apnea mask business.  “After several years of changing demand patterns, we are pleased to have returned to a trajectory of growth,” said CEO Lewis Gradon....

IRVINE, Calif. – Fisher & Paykel Healthcare hosted a webinar this week to highlight the launch of its F&P Solo Nasal mask in the U.S. The company says the AutoFit mask is the first to allow users to stretch it onto their face and adjust it with one touch. “F&P Solo Nasal marks the creation of our AutoFit segment, and our teams have delivered a significant leap in mask innovation, driven by the unwavering commitment to enhance patient outcomes,” said Justin Callahan, vice president...

Pride Mobility Products has launched the Go Go Elite Traveller 2 4-Wheel, a scooter that it says has the tightest turning radius of any four-wheel scooter on the market. The scooter features iTurn Technology, offering four-wheel stability with three-wheel maneuverability. It also features interchangeable red and black shrouds that come standard with six additional colors available, two battery options and a weight capacity of 300 pounds and a top speed of 4 mph. FMI: https://www.pridemobility.com/go-go-travel-mobility/go-go-elite-traveller-2-4-wheel/.  Fisher...

AUCKLAND, New Zealand – Fisher & Paykel Healthcare has raised its guidance for the financial year ending March 31, 2024, to $1.73 billion in operating revenue and $260 million to $265 million in net profit after tax. The guidance is slightly up from $1.7 billion in operating revenue and $250 million to $260 million in net profit after tax. “In OSA masks, we have continued to see strong performance from our Evora Full mask,” said Lewis Gradon, managing director and CEO. “We...

AUCKLAND, N.Z. – Fisher & Paykel Healthcare’s chairman of the board, Scott St. John, will retire at the close of the company’s annual shareholder’s meeting in August. Current Director Neville Mitchell will succeed St. John, who has held the role since August 2020 and who has been on the board since 2015.  Under St. John’s leadership, Fisher & Paykel Healthcare supplied products that helped millions of patients during the pandemic, purchased land for a second New...

AUCKLAND, New Zealand – Fisher & Paykel Healthcare has launched a significant upgrade to its F&P myMask App, offering mask selection and sizing in addition to the existing step-by-step education and support video content. Health care professionals can now “select, size and assist” while with a patient or do so remotely via a text invitation to a patient’s smartphone, reducing the time and guesswork associated with traditional sizing, the company says. “This addition...

WASHINGTON – A group of senators has asked CMS to collect and publish more Medicare Advantage data to help lawmakers and regulators better understand the impact of these plans.  AAHomecare provided the following analysis of the group's new letter to CMS Administrator Chiquita Brooks-Lasure:  The senators cite “concerning trends” in Medicare Advantage and point to a 2019 HHS OIG study that “found that among requests MA plans denied, 13% of prior...

AUCKLAND, New Zealand – Fisher & Paykel Healthcare has named Justin Callahan vice president, sales & marketing. Callahan, currently the company’s president – North America & Europe, replaces Paul Shearer, who is retiring. “Justin has had an impressive track record over more than 25 years and during his tenure has helped deliver significant revenue and earnings growth in our North American business,” said Lewis Gradon, managing director and CEO. “He is well respected...