Tag: InfuSystem
In brief: Aeroflow boosts advocacy, Joerns adds Winncare, Great Plains Rehab sells
June 23, 2023HME News Staff
ASHEVILLE, N.C. – Aeroflow Healthcare has created a government relations program and hired Mindi Walker, an experienced lobbyist, to lead it.
The move will allow Aeroflow, a large supplier of products and services in the maternity, incontinence, sleep and diabetes markets, to help ensure equitable access to care at both the state and federal level.
“Aeroflow Healthcare has completed numerous advocacy initiatives to improve patient outcomes over the years, with the most...
InfuSystem to join Russell 3000
June 22, 2023HME News Staff
ROCHESTER HILLS, Mich. - InfuSystem Holdings will join the broad-market Russell 3000 Index at the conclusion of the 2023 Russell indexes annual reconstitution, effective after the U.S. market opens on June 26, 2023. Annual Russell indexes reconstitution captures the 4,000 largest U.S. stocks as of April 28, ranking them by total market capitalization. “We are excited to be included in the Russell 3000 Index, one of the most widely cited performance benchmarks,” said Richard Dilorio, CEO....
In brief: AdaptHealth settlement, Quipt raise, KabaFusion investment
April 28, 2023HME News Staff
PHILADELPHIA – AdaptHealth will pay $5.3 million to resolve alleged False Claims Act violations for submitting allegedly false claims to federal health care programs for respiratory devices that patients did not need or use, according to the U.S. Attorney’s Office for the Eastern District of Pennsylvania.
The settlement resolves allegations that between 2013 and 2017 AdaptHealth, known at the time as QMES and Tri-County Medical Equipment and Supply, knowingly and willfully billed...
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...