Tag: Home Respiratory Equipment
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,...
Sleep & respiratory: Look ahead to AI
February 11, 2025Colleen Lance
Q. What is on the horizon for connectivity and remote patient monitoring for PAP and ventilator devices?
A. Imagine being able to analyze and affect a change in a patient’s care, not just for the moment they are in front of you in a single clinical visit, but to become truly adherent to therapy life-long. The future of connectivity and remote patient monitoring (RPM) for PAP devices and ventilators is poised for significant advancements. With rapid technological developments,...
Sleep & respiratory: Set clear expectations
January 9, 2025Colleen Lance
Q. With the rapid changes in respiratory and sleep medicine, what can an HME provider expect from their manufacturing partners?
A. HME companies may need reassessment of their partnerships with manufacturers. Here’s a framework to guide this process:
Quality & compliance
Ensure manufacturing partners comply with FDA, ISO and CE standards. Review FDA 510K status for any restrictions or outstanding recalls. Robust quality assessment and post-market surveillance...
Respiratory supply chain stabilizes
March 15, 2024HME News Staff
In the four years since the COVID-19 pandemic began, the respiratory market has been “on a rollercoaster” with supply chain challenges. Now, with the virus less of a threat, the situation has stabilized, manufacturers say.
“We are seeing the supply chain environment return to (previous) levels and have maintained a 98% on-time delivery status in 2023,” said Kevin Smith, CEO of Goleta, Calif.-based Inogen. “Our manufacturing facility in Plano, Texas, has undergone...
Viemed fortifies sales force
March 8, 2024Theresa Flaherty, Managing Editor
LAFAYETTE, La. – Viemed kicked off 2024 with a restructured sales force to boost ongoing organic growth, company execs said on a recent call to review fourth quarter and full-year 2023 financial results.
The company recently transitioned to a training and management infrastructure that takes a more localized approach, creating multiple territory sales manager and national sales directorship promotions, said Casey Hoyt, CEO.
“This expansion and fortification of our team...
ONeal Medical phases out DME to focus on respiratory
February 19, 2024HME News Staff
PELHAM, Ala. – ONeal Medical will stop filling durable medical equipment orders for new patients after March 31, 2024 as it focuses on home respiratory, including oxygen and sleep therapy. The provider will continue to service its existing DME patients and will accept DME orders for new patients if the order includes oxygen or sleep therapy equipment. “As a home owned and operated business, we continue to be deeply committed to our local community, and support many local charitable organizations....
CAIRE opens new service HQ
October 25, 2023HME News Staff
BALL GROUND, Ga. — CAIRE Inc. has opened a new global service headquarters in Canton, Ga., near its primary manufacturing hub north of Atlanta. The 29,500-square-foot Canton facility will provide rapid servicing of equipment, as well as fulfillment of specialty service parts and accessories for CAIRE respiratory and specific AirSep brand commercial products. “As we navigated the challenges of the pandemic, we discovered there was an opportunity to improve the efficiency of our service...