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Tag: Home medical supplies


Providers

Great Elm Healthcare sells to Quipt for $80M

January 4, 2023HME News Staff

 WALTHAM, Mass. – Great Elm Group has sold its DME business, Great Elm Healthcare, to QHM Holdings, Inc., a wholly owned subsidiary of Quipt Home Medical Corp., for $80 million.  GEG has also announced it has sold a majority of its ownership interest in Forest Investments, Inc. to J.P. Morgan Broker-Dealer Holdings Inc., for approximately $18 million.  “The successful sale of our DME business and the recently announced Forest transaction are transformative for Great...

Great Elm Healthcare, Home medical supplies, Quipt Home Medical


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News

In brief: Post-election push, ResMed Venture, Best Buy investment

November 18, 2022HME News Staff

WASHINGTON – Stakeholders are urging the HME industry to press lawmakers to include reimbursement relief in any end-of-year legislation.  With the mid-term elections over, Congress is turning its attention to a year-end omnibus bill that will include language to extend the debt ceiling and keep the government funded.  As leadership on key committees of jurisdictions negotiate on what measures to include in the bill, it is critical that the HME industry make its collective voice...

Better Health, Cardinal Health, Home Medical Equipment, Home medical supplies


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Naama Breckler

Also Noted

Better Health joins Cigna network

November 16, 2022HME News Staff

SAN FRANCISCO – Better Health, a national chronic condition support and medical supply provider, is now in-network for Medicare Advantage customers of Cigna. "We are thrilled that Better Health is now available as an in-network provider for Cigna’s Medicare Advantage members,” said Naama Stauber Breckler, Better Health co-founder and CEO. “Identifying the unique needs of people with chronic conditions who are dependent on medical supplies, we modernized the entire process...

Better Health, Cigna, Home medical supplies


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Providers

OM’s Patient Direct business ‘tracking ahead of expectations’

November 4, 2022Theresa Flaherty, Managing Editor

RICHMOND, Va. – Owens & Minor’s Patient Direct business saw double-digit organic growth across all categories in the third quarter, say company execs.   The Patient Direct segment includes sleep, diabetes, urology, ostomy, and continence and wound care products and supplies.  “The synergies we are generating within our Patient Direct business are tracking ahead of expectations,” said Alex Bruni, executive vice president and CFO, during a recent call to discuss...

Ed Pesicka, Home medical supplies, Owens & Minor, patient direct


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Providers

Owens & Minor ‘captures increased CPAP opportunities’

November 2, 2022HME News Staff

RICHMOND, Va. – Owens & Minor reported revenue of $594 million for its Patient Direct segment, a 142% increase.   “I am very pleased with the performance and operational execution throughout all aspects of the Patient Direct Segment, including the capture of increased CPAP opportunities, and overachievement of acquisition synergies,” said Edward Pesicka, president and CEO. “This exceptional performance was supported by deep adoption of the Owens & Minor Business...

Apria, Home medical supplies, Owens & Minor, patient direct


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Also Noted

OM opens nominations for awards recognizing diversity

October 6, 2022HME News Staff

RICHMOND, Va. – Owens & Minor seeks nominations for the 2022 Supplier Diversity Awards in honor of the legacy of Earl G. Reubel, entrepreneur and co-founder of Kerma, a family-owned veteran-minority owned company. The annual awards recognize people and organizations that demonstrate an active, sustained commitment to advocating for greater supplier diversity in the health care supply chain for diverse or underrepresented populations. “We’re proud to once again honor Earl by helping...

2022 Supplier Diversity Awaqrds, Earl G. Reubel, Home medical supplies, Owens & Minor


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Also Noted

Aeroflow inks deal with UCare

September 29, 2022HME News Staff

ASHEVILLE, N.C. – Aeroflow Healthcare has contracted with UCare, an independent, nonprofit health plan providing health coverage and services across Minnesota and western Wisconsin. Per the contract, Aeroflow will provide breast pumps; lactation education and support; continuous glucose monitors (CGM); catheters; incontinence supplies, such as diapers and briefs; and CPAP machines and accessories. "Providing necessary medical equipment is crucial to a patient's quality of life,” said...

Aeroflow Healthcare, Home Medical Equipment, Home medical supplies


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Vendors

Medline boosts inventory

September 19, 2022HME News Staff

NORTHFIELD, Ill. – Medline has invested an additional $500 million in incremental medical supply inventory to ensure product availability and timely delivery to the healthcare providers it serves.   The investment, completed at the end of the second quarter of 2022, brings the company’s total on-hand inventory to more than $4 billion and marks another step taken by Medline to help healthcare run better despite continued industry-wide global supply chain challenges.  “Our...

Home medical supplies, Medline Industries


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Vendors

Medline retools to leverage opportunities

February 25, 2022Liz Beaulieu, Editor

NORTHFIELD, Ill. – Medline, backed by private equity for the first time, spent much of 2021 on “self-improvement” projects, says Paul Miller, better equipping the company for expansion into additional product offerings and other growth this year.  The company received outside investment in October from private equity firms Blackstone, Carlyle and Hellman & Friedman in a deal worth a reported $30-plus billion.  “I’m excited to see where the opportunities...

Home medical supplies, Medline


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Also Noted

CareRx launches Revicare brand, expands offerings

January 26, 2022HME News Staff

TORONTO - CareRx Corp., a provider of pharmacy services to senior living communities, will offer an expanded assortment of medical supplies under a new brand, Revicare, including incontinence products, nutritional supplements, wound care products and other general medical supplies. CareRx currently operates a successful incontinence supplies business under the brand ClassMed that predominantly supplies incontinence products to residents living in select seniors living communities. "The launch of...

CareRx, Home medical supplies, Revicare


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