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Tag: home respiratory services


Also Noted

Protech buys HRT for $5.4M

September 3, 2020HME News Staff

CINCINNATI - Protech Home Medical has acquired Buffalo Grove, Ill.-based Health Technology Resources, a home respiratory services company that serves the Chicago area. HTR, which has 16 employees, has traditionally focused on high-acuity respiratory patients, including those with ALS and COPD. Its “NIV RX Plus Disease Transition Program” makes up just over one-third of its overall revenue but is the fastest growing segment of its business. “The acquisition of HTR reflects our continued...

Health Technology Resources, home respiratory services, Protech Home Medical


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Providers

Providers deploy precautions

March 13, 2020HME News Staff

YARMOUTH, Maine - HME providers have begun taking proactive steps to ensure the health and safety of employees, patients and the larger communities they serve in response to the coronavirus outbreak.Cape Medical Supply based in Sandwich, Mass., is limiting person-to-person activity, opting instead to ship products to patients. It is also encouraging patients to use its web-based technologies, including a web portal and mobile app, for ordering, communications and information.“We are standing...

Cape Medical Supply, coronavirus outbreak, Home Oxygen Company, home respiratory services


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Also Noted

Healthline appoints new regional director

February 7, 2020HME News Staff

WITCHITA FALLS, Texas - Healthline Medical Equipment has named Dr. Gerald "Jerry" George Mannikarote as its new regional director of ventilation & clinical marketing. He has more than two decades of health care experience, including roles at Philips Health Care, Diabetes America and VOCSN Ventilators. In his new role, Mannikarote will lead Healthline's ventilation and complex patient care efforts. “We are extremely pleased to add Jerry to our team here at Healthline,” said Michael Dick,...

Healthline Medical Equipment, home respiratory services, home ventilators


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Also Noted

Protech reports Q4 revenue increase

January 31, 2020HME News Staff

CINCINNATI - Protech Home Medical reported revenues of $19.5 million for its fourth quarter ended Sept. 30, 2019, an increase of 8% over the same period in 2018. Recurring revenue was $55.1 million, an increase of 26%. Adjusted EBITDA was $3.7 million compared to $5.2 million. Full-year revenue for fiscal year 2019 was $81 million, a 15% increase year over year. “For two consecutive years, we have demonstrated consistent revenue and adjusted EBITDA growth and substantial improvements in EBITDA...

home respiratory services, Protech Home Medical


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Specialty Providers

Viemed reports growth, eyes new markets

August 16, 2019Theresa Flaherty, Managing Editor

LAFAYETTE, La. - Viemed Healthcare cracked the Florida market in the second quarter of 2019 and has a goal of being in the lower 48 states within the next year or so, CEO Casey Hoyt said during a recent earnings call.“We finished the quarter licensed to do business in 48 states, Medicare approved in 38 states and conducting business in 29 states,” he said.Viemed Healthcare reported revenue of $22.5 million for the second quarter of 2019, a 45% increase compared to the same period last...

home respiratory services, Viemed Healthcare


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Specialty Providers

Viemed ready to 'add fuel' to growth plans

March 1, 2019Theresa Flaherty, Managing Editor

LAFAYETTE, La. - Oxygen and sleep therapy are high on the list of expansion plans for Viemed Healthcare, company executives said on a Feb. 28 earnings call.“Oxygen is something we've always had locally, but we didn't really scale it around the country because of the barriers that competitive bidding would represent,” said Todd Zehnder, COO. “Now we are looking at doing that around the country. Same with sleep apnea.”The company has worked diligently to lay that groundwork....

home respiratory services, non-invasive ventilation, sleep apnea, Viemed Healthcare


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Editorial

Surf's up on new online opportunities

January 24, 2019Guest Commentary

E-commerce volume has quadrupled in the last decade. “Buy it Now” buttons pop up like mushrooms in every online experience. Prospective purchasers of nearly everything expect to find both informational and transactional channels online.This “Amazon Avalanche” is real, and it's happening now. Businesses in every industry everywhere have decisions to make—decisions that will make the difference between surfing this wave to new success and being swamped. Here at Philips,...

e-commerce, home respiratory services, Philips


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Providers

PHM goes into acquisition mode

March 23, 2018Theresa Flaherty, Managing Editor

CINCINNATI - Strategic acquisitions are a key driver for growth for Patient Home Monitoring, company executives said during a recent earnings call.PHM is beefing up its M&A team and has “dozens” of deals under non-disclosure agreements, says CEO Greg Craword.“We are focused on acquisition targets that fit strict parameters for our long-term goals,” he said. “All of our targets are located in the Midwest or East Coast region. The ideal targets are between $4 million to...

home respiratory services, Patient Home Monitoring


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Providers

SuperCare Health makes it work

September 15, 2017Theresa Flaherty, Managing Editor

DOWNEY, Calif. - SuperCare Health picked up more than 20,000 patients and $25 million in additional revenues when it acquired the respiratory assets of LifeCare Solutions, which decided to exit the California market this summer.Now SuperCare Health is working quickly to integrate those assets.“We are working aggressively to transition all the patients in the next 30 to 60 days,” says CEO John Cassar.In July, the Phoenix-based LifeCare, which had 13 locations in California, announced it...

home respiratory services, LifeCare Solutions, SuperCare Health


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Providers

Home Health Depot pulls trigger

July 14, 2017Liz Beaulieu, Editor

INDIANAPOLIS - With the economy humming and private equity money flowing, Home Health Depot's Nate Feltman says the time was right to sell the last of the company's business to Clearwater, Fla.-based Lincare.Previously, Home Health Depot sold its complex rehab and home access businesses to National Seating & Mobility in 2014 and 2016, and its hospice business to National HME/Hospice Cloud earlier this year. NSM and National HME are both backed by PE firms.“We timed our sales around a lot of...

home health depot, Home Medical Equipment, home respiratory services, lincare


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