Tag: Home medical supplies

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...

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...

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,”...

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...

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...

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...

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...

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...