Tag: InfuSystem
Earnings roundup: Great Elm, InfuSystem, Insulet
May 9, 2022HME News Staff
WALTHAM, Mass. – Great Elm Group’s DME division grew total revenue by 19.2% to $15.6 million in the third quarter of fiscal year 2022, driven by strong resupply sales. The increase in revenue was primarily attributable to contributions from the previous acquisitions of AMPM in March 2021 and MedOne in August 2021. “Our investment in DME continues to perform well, despite challenging supply chain conditions,” said Peter Reed, CEO of Great Elm. The DME division reported a net...
InfuSystem enters contract worth up to $12 million
May 2, 2022HME News Staff
ROCHESTER HILLS, Mich. – InfuSystem has entered into a three-year, master service agreement with a global health care technology and diagnostic company that, after an initial ramp-up period, is expected to generate about $10 million to $12 million in annual revenue. As part of the agreement, InfuSystem will provide its biomedical services, including annual preventative maintenance and repair solutions, to a majority of the fleet of infusion pumps at hospitals and other medical facilities under...
In brief: Apria’s ‘banner year,’ Dynarex’s expanded portfolio, RESNA’s ATP survey
March 4, 2022HME News Staff
INDIANAPOLIS – Apria Healthcare has reported net revenue of $296.5 million for the fourth quarter of 2021, up 0.9% compared to the same period in 2020. Net income was $17 million vs. $25.9 million, down 34.5%.
The company reported net revenue of $1.15 billion for the full year 2021, up 3.3% compared to full year 2020. Net income was $64.9 million vs. $46.1 million, up 40.6%.
“We reported solid fourth quarter financial results and 2021 was a good year for Apria,”...
InfuSystem partners with oncology network
March 1, 2022HME News Staff
ROCHESTER HILLS, Mich. – InfuSystem Holdings has entered into an agreement with the American Oncology Network to provide ambulatory infusion pumps and services. As part of the agreement, InfuSystem will provide its ambulatory infusion pump service, including electronic infusion pumps for continuous chemotherapy treatment, a 24/7 clinical hotline, biomedical services, supplies and revenue cycle management. “We are pleased to partner with AON to provide ambulatory infusion pumps and services...
InfuSystem adapts to ‘rapidly changing conditions’
February 15, 2022HME News Staff
ROCHESTER HILLS, Mich. – InfuSystem reported net revenues of $26.5 million for the fourth quarter ended Dec. 31, 2021, a 7.3% increase compared to the same period the prior year. Net income was $400,000. The company reported net revenues of $102.4 million for the full year, a 5.1% increase compared to the prior year. Net income was $1.4 million. “InfuSystem delivered record revenue in 2021, with revenue surpassing the $100 million mark for the first time, coming in at $102.4 million,”...
InfuSystem lays groundwork for significant contributions to top line
November 16, 2021HME News Staff
ROCHESTER HILLS, Mich. – InfuSystem Holdings reported net revenues of $26.6 million for the third quarter of 2021, a 6% increase compared to the same period last year. DME services represented revenue of $10 million, a 5% increase. “In the third quarter, we made substantial progress in diversifying and extending our business by securing one new business relationship and being selected for an additional new business relationship, which we expect will drive significant growth in 2022 and...
InfuSystem earns three-year agreement with large provider
November 2, 2021HME News Staff
ROCHESTER HILLS, Mich. – InfuSystem Holdings, a provider that facilitates outpatient care for DME manufacturers and health care providers, has entered into an exclusive three-year pain management agreement with a leading U.S. health care provider with more than 12 million members. As part of the service agreement, InfuSystem will provide InfuBLOCK, its pain management therapy, which includes electronic infusion pumps for continuous peripheral nerve block, a 24/7 clinical hotline, biomedical...
InfuSystem enters NPWT market
February 11, 2020HME News Staff
ROCHESTER HILLS, Mich. - InfuSystem Holdings, a provider of infusion pumps and related DME support services, has added negative pressure wound therapy to its Integrated Therapy Service platform. InfuSystem's solutions will now include providing DME, overseeing logistics, supplying biomedical services and managing third-party billing for the product category. The provider added NPWT after a “premier global health care services company (sought) out InfuSystem and (its) expertise in providing...
InfuSystem reports improvement in cash flow
March 7, 2019HME News Staff
MADISON HEIGHTS, Mich. - InfuSystem Holdings reported net revenues of $17.6 million for the fourth quarter of 2018, a 7% decrease compared to the same quarter in 2017. It reported net revenues of $67.1 million for 2018, a 5.5% decrease compared to 2017. InfuSystem reported a net loss of $300,000 for the fourth quarter and $1.1 million for 2018. On the positive side: The company reported $11.4 million in operating cash flow in 2018, an increase of 48% compared to 2017, driven by an improvement in...
InfuSystem's board gets new leader
January 4, 2019HME News Staff
MADISON HEIGHTS, Mich. - InfuSystem Holdings has selected Scott Shuda as chairman of its board of directors. Shuda has been a member of the board since September 2015. He succeeds Gregg Lehman, PhD., who served as chairman since May 2015 and who will continue to serve on the board as vice chairman. Shuda, 53, is managing director of Meridian OHC Partners, a private equity firm that invests in small public companies, primarily in the healthcare and information technology sectors. In that capacity,...