Tag: Home Respiratory Equipment
SOAR Act surpasses 50 sign-ons
May 13, 2026HME News Staff
WASHINGTON – More than 13 leading respiratory patient, physician and provider organizations applaud the now more than 50 co-sponsors for the Supplemental Oxygen Access Reform (SOAR) Act (H.R. 2902/S.1406), according to the Council for Quality Respiratory Care (CQRC). The SOAR Act would modernize Medicare’s oxygen benefit, improve access to respiratory therapists, and strengthen patient protections – helping reduce avoidable hospitalizations and allowing people to remain active...
Philips delivers ‘good start to 2026,’ CEO says
May 6, 2026HME News Staff
AMSTERDAM – Philips reported group sales of EUR 3.9 billion for the first quarter of 2026, a 4% increase compared to the same period last year. Sales for Connected Care, which includes the Sleep and Respiratory Care segment, increased 3%.
Other financial results:
Comparable order intake growth 6%
Income from operations increased to EUR 241 million
Adjusted EBITA margin increased 40 basis points to 9.0%
Operating cash flow of EUR 188 million, with free cash flow of EUR 28 million
“We...
HME partners with Yuwell, adds respiratory to portfolio
March 18, 2026HME News Staff
RICHMOND, B.C. – HME Medical Distribution has entered a new national partnership with Yuwell, a manufacturer of home respiratory and medical devices, expanding its portfolio into respiratory, CPAP and related medical products. “As HME has expanded over the past 12 years, we are now moving beyond our roots in durable medical equipment and into the medical distribution of CPAP, respiratory and other products,” said Robert Boscacci, co-founder and CEO of HME. “This is an exciting...
Viemed revenues reflect organic growth, Lehan’s acquisition
March 5, 2026HME News Staff
LAFAYETTE, La. – Viemed Healthcare reported revenues of $76.2 million for the fourth quarter ended Dec. 31, 2025, an increase of 26% over the same quarter in 2024.
Total revenues for full-year 2025 were $270.3 million, an increase of $46 million or 21% over full-year 2024, reflecting continued strong organic growth complemented by revenue contributions from the company’s 2025 acquisition of Lehan's Medical Equipment.
Net income attributable to Viemed totaled $5.6 million for...
CQRC sees momentum on SOAR Act as engagement deepens
February 6, 2026Theresa Flaherty, Managing Editor
ORLANDO, Fla. – The Council for Quality Respiratory Care (CQRC) is confident that it can work with lawmakers and regulators on its top priorities for 2026, including passage of the SOAR Act, says Chair Robin Menchen, who is also president and CEO of Rotech Healthcare.
SOAR Act gains traction
The legislation, introduced in both the House of Representatives and the Senate in April 2025, currently has 40 and four co-sponsors,...
CQRC applauds CMS for omitting oxygen, CPAP from competitive bidding
December 10, 2025HME News Staff
WASHINGTON – The Council for Quality Respiratory Care (CQRC) commends the Centers for Medicare & Medicaid Services (CMS) for not including supplemental oxygen and continuous positive airway pressure (CPAP) devices and supplies in the next round of Medicare’s competitive bidding program (CBP). Listening to concerns outlined by the CQRC and other oxygen stakeholders, Medicare’s decision to omit the products will lock in previous savings, while...
Philips works to keep tariff impact in check
May 9, 2025Liz Beaulieu, Editor
AMSTERDAM – Philips expects a net tariff impact of EUR 250 million to EUR 300 million, even as it accelerates substantial mitigation actions, company officials said during a recent conference call to discuss first quarter financial results.
President and CEO Roy Jakobs explained that Philips has taken proactive steps for the past several years to build a more resilient supply chain, including diversifying and regionalizing key operations, especially in China, well ahead of the tariffs...
Viemed sees ‘strong, across-the-board start’
May 8, 2025HME News Staff
LAFAYETTE, La. – Viemed reported net revenue of $59.1 million for the first quarter 2025, an increase of 17% compared to the same quarter in 2024.
Adjusted EBITDA for the quarter totalled $12.8 million, a 26% increase.
The company’s ventilator patient count grew to 11,809 as of March 31, 2025, an increase of 13% over March 31, 2024. PAP therapy patient count grew to 22,899 as of March 31, 2025, an increase of 46% over March 31, 2024.
“We are pleased to...
Viemed to buy Lehan's for $26M
May 6, 2025HME News Staff
LAFAYETTE, La. – Viemed Healthcare has entered into a definitive agreement to acquire Illinois-based Lehan’s Medical Equipment, a home medical equipment provider with specialties in respiratory care and women’s health.
The transaction is expected to close in the third quarter of 2025 for a base purchase price of $26 million, subject to customary net working capital adjustments and an estimated $2.2 million of contingent payments. Viemed expects to fund the acquisition through...
Viemed posts record-breaking 2024
March 11, 2025HME News Staff
LAFAYETTE, La. – Viemed Healthcare reported record net revenues of $60.7 million for its fourth quarter 2024, an increase of 20% over the same quarter in 2023.
Total net revenues for the year were a record $224.3 million, an increase of $41.2 million, or 23% over the prior year. Adjusted EBITDA for the quarter and the year were $14.2 million and a record $51.1 million, respectively.
“We once again demonstrated our value as a vital link between patients, providers,...