Tag: hospice

CARROLLTON, Texas - Hospice Source, a provider of DME to the hospice market, has acquired Superior Healthcare in Marinez, Calif. The deal furthers Hospice Source's position as the largest provider of DME to the hospice market in California, the company says. “The acquisition of Superior Healthcare allows us to extend our passion for service to a greater number of northern California hospice patients and hospice partners,” said Jeff West, CEO of Hospice Source. “We welcome our new...

NEW BEDFORD, Mass. - Enos Home Medical has been shedding businesses for the past year, making hospice its main business today.Enos recently sold its sleep therapy business to Sandwich, Mass.-based Cape Medical Supply; in 2018, it sold its ventilation therapy business to Norwood, Mass.-based Reliable Respiratory.“Ten or 15 years ago, we were a one-stop shop, but when competitive bidding and the 36-month oxygen cap came in we started taking a closer look at different lines of business,”...

HANOVER, Mass. - Mass Bay Respiratory recently changed its name to Mass Bay Medical in an effort to rebrand the company and move on from the past.“We're not really into oxygen (anymore), so the name was deceiving,” said Dianne Long, owner.When Long and her husband opened Mass Bay Respiratory in 1999, they offered hospice and respiratory services. However, that changed about seven years ago once CMS launched the competitive bidding program.“The prices weren't right so we decided...

LOS ANGELES - Monument MicroCap Partners has recapitalized Montgomery DME (MDME), a provider of DME to hospices in Los Angeles and surrounding counties, according to PEHub.com. Monument and MDME also closed the acquisition of Abundant Home Care to create a regional provider of DME to hospices throughout southern California. “We are excited to partner with Monument and AHC on the next chapter of our growth strategy,” said Pablo Miguel, vice president of MDME. “Monument will provide...

TEMPE, Ariz., and BIRMINGHAM, Ala. - After several years of fierce competition, a merger between StateServ Holdings and Hospicelink allows the combined DME benefit manager to “dominate” in the hospice market.Combined, StateServ and Hospicelink will serve more than 100,000 patients daily through a network of more than 1,300 DME providers and 21 distribution centers.“We looked at StateServ as a highly regarded peer in the market,” said Chad Trull, founder and CEO...

TEMPE, Ariz., and BIRMINGHAM, Ala. - StateServ Holdings and Hospicelink have combined to become the leader for DME benefit management solutions in the hospice and post-acute care markets, the two companies say. Together, StateServ and Hospicelink operate a national network of more than 1,300 DME provider locations and 21 company owned distribution centers that serve more than 100,000 patients daily. “This marks the beginning of a long-term strategy to expand our leadership in the core hospice...

TEMPE, Ariz. - StateServ Holdings, a DME provider to hospices and other post-acute care service providers, has received an equity investment from an affiliate of Blue Wolf Capital Partners. The investment will allow StateServ to improve and expand its proprietary software solution, DMETrack, which provides workflow automation, real-time reporting and analytics to optimize the operational, clinical and financial performance of its customers. The company also plans to use the investment to add DME...

ATLANTA and RICHLAND HILLS, Texas - Genesis Healthcare Services and Hospice Cloud, two providers of HME to hospice organizations, have merged, company officials announced Feb. 23.The acquisition of Atlanta-based Genesis Healthcare helps Richland Hills, Texas-based Hospice Cloud, which owns and operates 60 service centers and has partnerships with more than 200 HME providers, maintain its position as a “market leader” providing HME for the hospice industry.“The addition of Genesis...

NEW BEDFORD, Mass. - With its recent acquisition of Cape Medical Supply's hospice segment, Enos Home Medical is becoming a major player in palliative care in the New England region.Over the past 15 years, hospice has grown to include more than 2,000 patients and now comprises approximately 40% of the company's business mix, said CEO Jon Enos.“Hospice is our most important business segment,” he said. “It has grown because we prioritized it. With all the reimbursement cuts, it's an...

YARMOUTH, Maine - Hospice agencies are under the microscope as CMS pays closer attention to how patients are admitted. That translates into fewer hospice patients for HME providers, they say.“Medicare has gone out and done a lot of surveys and audits and found that a lot of hospice agencies have been keeping their patients on too long,” said Tony Myrell, president of Colton, Calif.-based Premier Medical. “They've gone back to those agencies and said, 'You should pay us back for...