Tag: Home Infusion Therapy

WASHINGTON – The U.S. Food and Drug Administration updated its safety communication for the Philips recall this month, saying it received more than 48,000 medical device reports, including 44 reports of death, associated with the foam breakdown or suspected foam breakdown in certain CPAP devices from May 1, 2022, through July 31, 2022.  The agency previously reported in May that it received more than 21,000 MDRs, including 124 reports of death, associated with the foam breakdown...

BANNOCKBURN, Ill. – Option Care Health reported net revenues of $980.8 million for the second quarter ended June 30, 2022, a 14% increase compared to the same period last year.  Gross profit was $216.9 million, or 22.1% of net revenue, up 9%. Adjusted EBITDA was $85.2 million, or 8.7% of net revenue, up 17%. Cash flow from operations was $104.4 million.  “Overall, the second quarter was very productive for the Option Care Health team,” said CEO John Rademacher. “We...

PORTSMOUTH, N.H. – Pneuma Systems Corp. has named Stanley Chamallas as director of infusion therapy process improvement for home care. Chamallas was one of a handful of pioneering pharmacists that created the now well-established field of home infusion therapy, helping to develop early methods for bulk preparation of intravenous nutrition products. Pneuma plans to support a network of Centers of Infusion Excellence where therapies are carried out in controlled environments under intense observation....

CONSHOHOCKEN, Pa.  – AmerisourceBergen has long offered consulting and startup services through its Pharmacy Solutions division, so when its health system customers said they wanted to add or improve home infusion services, the company built a program to help them do just that, says Dan Teich, vice president of client strategies.  “This is the next pivot in the market, based off talking to our customers, to help them de-risk the entry into home infusion,” he said. “It...

BANNOCKBURN, Ill. – After a “sluggish” start in the first quarter of 2022, the rest of the year looks to be “productive” for Option Care Health, says CEO John Rademacher.  “As we entered the year, we were in the midst of the COVID resurgence related to the omicron variant,” said Rademacher on a recent earnings call. “This had a very disruptive impact on our referral patterns and local pharmacy operation. Given the resilience of our teams in...

HONOLULU – Pharmacare Hawaii, a diversified pharmacy company serving thousands through community pharmacies, a home infusion pharmacy, a specialty pharmacy and a long-term care pharmacy, has signed a multi-year contract with Inovalon, a provider of cloud-based platforms. Pharmacare Hawaii will use ScriptMed Cloud, an eight-module, end-to-end solution powered by the Inovalon ONE Platform, to manage patient care across its rapidly growing specialty and infusion pharmacy network. “We’re...

ATLANTA – Brightree has implemented more than one dozen major enhancements to its Brightree Business Management Solution for Pharmacy that will allow home infusion pharmacies to automate critical daily tasks and reduce manual burdens on staff. Enhancements include:  Comprehensive patient intake – New customizable, role-driven workflows guide each staff member through their portion of the patient intake process, with indicators for required information at each stage.  Discharge...

YARMOUTH, Maine – A handful of recently announced deals underscores the continued appetite for home infusion companies propelled by the COVID-19 pandemic, say M&A analysts.  Option Care Health recently announced it acquired Wasatch Infusion and entered into an agreement to acquire Specialty Pharmacy Nursing Network.  “Option Care has been doing deals for 20 years and I don’t think that’s going to stop – they continue to fill out their geographic...

BANNOCKBURN, Ill. – Option Care Health in 2021 invested more than $100 million, including both a recent acquisition and a planned acquisition, as it seeks to build out a “critical” national nursing network, said CEO John Rademacher.  On a Feb. 24 earnings call, the company said it had acquired Salt Lake City, Utah-based Wasatch Infusion, with four infusion centers, for $18 million in December. It also announced that it has entered into an agreement to acquire Sarasota, Fla.-based...

BANNOCKBURN, Ill. – Option Care Health reported net revenue of $927.2 million for the fourth quarter of 2021 and gross profit of $212.2 million, increases of just over 15% compared to the fourth quarter of 2020. Net revenue for the full year was about $3.4 billion, an increase of about 13.4% and gross profit was $779.6 million, or 22.7% of revenue, an increase of 14.2% over 2020. Adjusted EBITDA was $289.8 million. The company also announced that it acquired Wasatch Infusion LLC, an infusion...