Tag: Home Respiratory Equipment

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...

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...

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,”...

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...

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...

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...

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...

BOULDER, Colo. – Quality Biomedical has promoted Bianca Neri to vice president, sales, where she will oversee a team of regional directors servicing customers in all 50 states. Neri has been with the company for more than five years and is a “natural” to step into the new position, say company execs. “We are thrilled to have her join our senior management team”, said PK Bala, CEO. “She is a true professional and has been an integral part of our significant growth...

Q. What products should I feature to maximize sales and referrals during the winter?   A. As the days turn colder, respiratory supplies and equipment always become more in demand. Forward thinking providers will seek to capitalize on this by positioning themselves to existing patients and referral sources as a one-stop shop for respiratory therapies. A great way to do this is to ensure your HME is presenting a blended formulary of products – including those reimbursed by insurance and...

YARMOUTH, Maine – COVID-19 cases are rising again and many HME providers are feeling the strain, according to a recent HME Newspoll.  Nearly 64% of poll respondents say the Delta variant and the subsequent uptick in COVID-19 cases have impacted their business, with 56% saying they have seen an increase in oxygen setups in the past month.  “Our oxygen setups have tripled our normal,” wrote David Snodgras, operations manager at Ozarks Healthcare Medical Equipment....