Tag: Home medical supplies

 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...

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...

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...

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...

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...

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...

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...

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...

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...

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...