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Tag: Home medical supplies


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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Specialty Providers

HCD gets equity funding 

April 15, 2021HME News Staff

GLEN ALLEN, Va. – Home Care Delivered has received a majority equity investment from BPOC, a Chicago-based private equity firm focused exclusively on the health care industry.   “There's a strong outlook for delivering quality health care in the home, and BPOC shares our vision of delivering HCD-quality service on a much larger scale with our customer-first, employee-centric culture," said Gordy Fox, CEO and founder.  The transaction is effective immediately and...

Gordy Fox, Home Care Delivered, Home medical supplies


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Brad Connett

Specialty Providers

Henry Schein follows health care ‘migration’ 

February 19, 2021Theresa Flaherty, Managing Editor

MELVILLE, N.Y. – With more and more health care migrating outside the hospital setting, Henry Schein’s acquisition of Prism Medical Products was a “natural progression” for the company, giving it a home care platform on which to grow, says President Brad Connett.  Driving that migration to the home: reimbursement changes by payers that prioritize the value and effectiveness of that care, as well as “consumerism,”...

Brad Connett, Henry Schein Inc., Home medical supplies


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Specialty Providers

Henry Schein enters supplies market with strategic acquisition of Prism Medical

January 7, 2021HME News Staff

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...

Henry Schein Inc., Home medical supplies, Prism Medical, wound care supplies


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Also Noted

Tomorrow Health launches online medical equipment store

May 7, 2020HME News Staff

NEW YORK  - Tomorrow Health has launched a home-based care platform with more than 40,000 home medical products, including respiratory, mobility, wound care, urologicals and nutritional products, and two-day delivery. “At a time when keeping patients healthy at home has become mission-critical, we aim to serve as a partner and advocate for millions of Americans in need of home-based healthcare,” said Vijay Kedar, co-founder and CEO. The company works with Medicare and more than 100...

Home Medical Equipment, Home medical supplies, Tomorrow Health


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Editorial

Distributors see home care as winning market

February 3, 2020Guest Commentary

Medical supply distributors and manufacturers are turning their attention to the rapidly growing field of home health care. They are also realizing something that may come as no surprise to you—it's a really complicated field that's undergoing a lot of change.A group of more than 40 experts gathered in November at a Home Care Thought Leaders event in Arlington, Va., hosted by the Health Industry Distributors Association. They met to better understand the market and to strategize about how to...

Colton Medical, Home medical supplies, Supreme Medical


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Also Noted

GEMCO re-launches website

January 17, 2020HME News Staff

HUDSON, Ohio - GEMCO Medical has redesigned its website to feature a streamlined design, improved functionality and an overview of its third-party logistical capabilities. As a fully licensed and VAWD-accredited fulfillment center, GEMCO Medical's healthcare compliant 3PL services continue to be an area of significant growth for the company, says Vice President and General Manager Richard Keirn. “The new design of our website better reflects not only who we are, but also the sophisticated fulfillment...

Gemco Medical, Home medical supplies


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Specialty Providers

Serial entrepreneurs: Stevens, Burns make another run at supplies

September 30, 2019Theresa Flaherty, Managing Editor

BUFORD, Ga. - Having already built one successful business, the team behind UroStat Healthcare hopes to repeat their winning formula for a second time.Craig Stevens, UroStat's CEO, and Bert Burns, part owner, previously worked together at UroMed, which Burns founded in 1996 and sold to AssuraMed in early 2014. At the time of its sale, UroMed served 7,000 patients in 48 states.UroStat, which marked its first year in business in July, offers catheters, ostomy and incontinence supplies, and accepts...

Catheters, Home medical supplies, UroStat Healthcare


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