Tag: HOme medical equipment

YARMOUTH, Maine – The theme for buyers and sellers in 2021 is “respiratory, respiratory, respiratory,” said Don Davis, president of Duckridge Advisors.  Helping to drive that trend: AdaptHealth, which capped off a busy 2020 by announcing in December that it would acquire AeroCare, which specializes in CPAP, nebulizers, oxygen and ventilators, for nearly $2 billion in cash and shares.  “It’s perfect iteming – the demographics are there,...

HELENA, Mont. – Big Sky AMES has named its 2021 board of directors. The officers are Eric Ecker, St. Vincent Medical Supply & Mobility, president; Adam Pople, Bozeman Health, vice president; Dedra Haworth, Harrington Surgical, secretary/treasurer; and Alesha Rate, Norco, past president. Board members are Gary Rench, Sandcreek Medical; Jenn Morrisroe, Dillon Medical; Lori Arnold, Cody Regional Health; Mike Calcaterra, Norco Inc., and honorary member Dan Harrington, retired...

MOBILE, Ala. – Supreme Medical has named Eugene Keane vice president of sales and marketing. In this role, Keane will work to expand Supreme’s home care and post-acute distribution business serving HME, pharmacy, home health and hospice providers throughout the Southeast. “I am excited to have Eugene leading our sales and marketing efforts,” said Colton Mason, senior vice president of Supreme. “He will be working closely with our manufacturer partners to build...

YARMOUTH, Maine – As COVID-19 cases spike across the country, HME providers are seeing a spike in demand for home oxygen therapy, so much so that they’re worrying about their supply of concentrators.  Provider Woody O’Neal has seen a threefold increase in oxygen and services since December and says he’s concerned the health care system hasn’t seen the worst of it.  “My concern is that this post-holiday...

WASHINGTON – In recent comments to CMS’s DMEPOS proposed rule, AAHomecare introduced the idea of a 90/10 blended reimbursement rate in the former competitive bidding areas. Here’s what Kim Brummett, vice president of regulatory affairs for the association, had to say about what stakeholders hope will be a “reasonable” ask – to base rates in those areas 90% on the current rates and 10% on the 2015 unadjusted fee schedule –...

MELVILLE, N.Y. – Henry Schein Inc., a provider of health care solutions to medical and dental offices, has acquired a majority ownership position in Prism Medical Products, a national provider of home medical supplies with a focus in advanced wound care.   Founded in 2006, the Elkin, N.C.-based Prism Medical has more than 200 employees and 10 fulfillment centers. For the 12 months ended Sept. 30, 2020, it reported revenues of approximately $52 million.  “Expanding...

CINCINNATI – Protech has issued a letter of intent to acquire a respiratory company in the southern U.S. that would add $7 million in annual revenues and more than 10,000 active patients to its roster. The target company is more than 85% respiratory and offers a high-touch service model. “The acquisition would give us a foundation to build from in the new state with over 10,000 active patients, and a location near a major metropolitan hub, which we would plan to grow both organically...

PLYMOUTH MEETING, Pa. – AdaptHealth has commenced an underwritten public offering of 7 million shares of its Class A Common Stock, and certain selling stockholders intend to offer and sell an additional 1 million shares of the Company’s Class A Common Stock, subject to market and other conditions. In conjunction with the offering, AdaptHealth intends to grant to the underwriters a 30-day option to purchase up to 1.2 million additional shares of Class A Common Stock....

ALBANY, N.Y. – DME providers in New York who are providing direct, in-person patient care are eligible to receive the COVID-10 vaccine, according to an announcement this week from Gov. Andrew Cuomo, according to a bulletin from NEMEP. “While we're trying to control COVID with one hand, we're trying to defeat it with the other, and the vaccine is the weapon that will win this war," said Cuomo. Industry stakeholders have urged government officials to include DME providers in phase...

WATERLOO, Iowa ­– VGM has launched the 2021 cost of delivery survey to provide data points for the industry’s efforts to preserve patient access to HME. The data points from a similar survey in 2018 were provided to elected officials, payers and regulatory entities, and helped to secure reimbursement relief. “We were successful in obtaining some reimbursement relief via a 50/50 blend in our rural areas, and CMS and other payers seemed to acknowledge there would be access...