Tag: Home Respiratory Equipment
RRI to continue supporting HomeFill
December 1, 2022HME News Staff
ST. LOUIS, Mo. – Responsive Respiratory says it is committed to providing cylinders and valves compatible with the HomeFill system, despite Invacare’s decision to exit the respiratory market by the end of the year. “We stand committed to servicing the needs of oxygen providers,” said Steve Bannon, RRI president. “The departure of Invacare in the respiratory market leaves a tremendous gap for providers utilizing the HomeFill compressor. Rather than decommissioning units...
Invacare’s exit from respiratory market is ‘devastating,’ poll respondents say
November 18, 2022Liz Beaulieu, Editor
YARMOUTH, Maine – Invacare’s decision to discontinue production of respiratory products by the end of this year will leave a gaping hole in the market, according to the respondents to a recent HME Newspoll.
“It’s actually devastating, when 85% or more of our oxygen concentrators are Invacare and I have a staff that knows how to work on them,” wrote one poll respondent.
Eighty- five percent of respondents to the poll reported carrying Invacare respiratory...
Invacare: ‘Respiratory products no longer meet minimum profitability target’
November 11, 2022Liz Beaulieu, Editor
ELYRIA, Ohio – Geoffrey Purtill says the decision to discontinue respiratory products is proof that Invacare is willing to take “decisive action” to turn around the company.
Invacare announced, as part of its financial results for the third quarter, that it will discontinue respiratory products, including HomeFill and stationary and portable oxygen concentrators, in the fourth quarter.
“We are committed to taking necessary and decisive action to accelerate...
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,”...
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...
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...
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...
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...
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,”...
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...