Tag: Home Respiratory Equipment

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,”...

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...

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...

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...