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Tag: Home Respiratory Equipment


Rob Hensley

Specialty Providers

Advent acquires Aeratech

September 21, 2022HME News Staff

CHICAGO – Advent Home Medical, a portfolio company of New Harbor, has acquired Aeratech Home Medical, a provider of home respiratory care and respiratory equipment technology.   Aeratech was founded in 1999 by Roy Neely, a respiratory therapist who wanted to reduce prolonged hospital stays for patients with complex respiratory conditions. Today, it serves approximately 1,000 patients through nine offices across Ohio and Indiana.   “This partnership is a perfect fit,”...

Advent Home Medical, Aeratech Medical, Home Respiratory Equipment, ventilators


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Also Noted

Repair Authority joins CAIRE's Authorized Service Center network

September 19, 2022HME News Staff

BALL GROUND, Ga. – CAIRE has tapped Strongsville, Ohio-based Repair Authority, an HME repair company, to become part of the company’s Authorized Service Center network. Through this new agreement, Repair Authority will be able to support CAIRE customers with in-warranty repairs, which is critical support needed by some of the largest HME providers. “We’re honored to have been selected by CAIRE as an authorized service provider for its stationary and portable oxygen concentrator...

Caire, Home Respiratory Equipment, Repair Authority


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Steve Griggs

Providers

AdaptHealth’s sleep business shows signs of recovery

September 2, 2022Theresa Flaherty, Managing Editor

PLYMOUTH MEETING, Pa. – Sleep therapy was the “big news” for AdaptHealth in the second quarter, with the company beating its expectations, says CEO Stephen Griggs.  “Our census is up 16% from February 2022 when it hit its lowest level since the Philips recall began,” said Griggs on an earnings call. “While we do not expect Philips to be back in the market any time before early 2023, the increased production we have started to see from other suppliers has...

AdaptHealth, CPAP, Home Respiratory Equipment, Steve Griggs


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Casey Hoyt

Specialty Providers

Viemed Healthcare sees investments pay off

May 5, 2022HME News Staff

LAFAYETTE, La. – Viemed Healthcare reported core net revenues of $30.2 million for the first quarter of 2022, an increase of $4.7 million or 18% over the same quarter in 2021.   Total net revenues for the current quarter were $32.3 million, which included approximately $2.1 million for contact and vaccine tracing services related to the COVID-19 pandemic.  “The record setting quarter in our core business is a reflection of the momentum we are beginning to see in a post...

Home Respiratory Equipment, Viemed Healthcare


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Vendors

Philips recall: FDA proposes new order

May 4, 2022HME News Staff

WASHINGTON – The Food and Drug Administration’s Center for Devices and Radiologic Health has proposed that an order should be issued to require Philips to submit a plan to repair, replace or refund the purchase price of recalled devices manufactured after November 2015.  The FDA says Philips has the right to an informal hearing prior to the agency’s decision on whether to issue the order.  The CDRH’s proposal is in addition to the FDA’s previous...

CPAP, Home Respiratory Equipment, Philips Recall


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Specialty Providers

Advent Home Medical looks to grow beyond Midwest

March 18, 2022Theresa Flaherty, Managing Editor

PONTIAC, Mich. – Advent Home Medical’s recent acquisition of Life Tech gives the provider of high-acute home respiratory a platform to expand nationally, says Rob Hensley, CEO.  The deal added three states to Advent’s footprint in the Midwest, making it the largest provider of home-based invasive ventilation in the country, the company says.  “We want to dominate the region leading high-tech respiratory care in the Midwest and control that footprint,”...

Advent Home Medical, Home Respiratory Equipment, Life Tech


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Vendors

Inogen tries to manage cost increases

March 4, 2022Liz Beaulieu, Editor

GOLETA, Calif. – Inogen expensed $2.3 million in higher material costs in the fourth quarter of 2021 and expects that number to double in the first quarter of 2022, company officials say.  Inogen expects $4.5 million to $5.5 million in incrementally higher material costs in the first quarter of 2022 associated with open market purchases of semiconductor chips used in its batteries and portable oxygen concentrators, says interim CFO Mike Sergesketter.  “We expect this cost...

Home Respiratory Equipment, Inogen, Portable Oxygen Concentrators


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Also Noted

Responsive Respiratory marks 20 years

February 2, 2022HME News Staff

ST. LOUIS – Responsive Respiratory is celebrating its 20th anniversary. The manufacturer of home oxygen equipment and supplies has grown from a small regional start-up to a nationally recognized domestic manufacturer and redistributor. “I am proud to celebrate this momentous milestone and look forward to many more years of providing exceptional products and service to our customers,” says Tom Bannon, president. “We offer a wide breadth of products, customizable solutions and...

Home Respiratory Equipment, Responsive Respiratory


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Jonathan Sadock on the appetite for HME

Providers

Jonathan Sadock on the appetite for HME

December 29, 2021Theresa Flaherty, Managing Editor

M&A transactions in 2021 ranged from the $2-billion mega merger of AdaptHealth and AeroCare to smaller rollups, says Jonathan Sadock, managing partner of Paragon Ventures.  Sadock, who was a guest on the HME News in 10 podcast in November, says there are several drivers behind that the activity, including deep pockets and the opportunity for horizontal integration, especially in respiratory.  “I believe what’s really interesting are the private equity groups investing...

Home Medical Equipment, Home Respiratory Equipment, Jonathan Sadock


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Quality Biomedical moves into larger Florida location

December 27, 2021HME News Staff

BOULDER, Colo. – Quality Biomedical, a national provider of respiratory equipment management solutions has moved into a 30,000-square-foot facility in Pinellas Park, Fla., tripling the size of its previous service facility in Largo, Florida. “Our business in Florida continues to grow at an increasing rate” said Jim Worrell, chief commercial officer. “We have added several new OEM partners, including 3B Medical, Dynarex Medical and Rhythm Healthcare, all which require more...

Home Respiratory Equipment, Quality Biomedical


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