Tag: InfuSystem

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...

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...

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,...

NASHVILLE, Tenn. - National Seating & Mobility's presence now extends into Canada. The complex rehab provider announced Jan. 3 that it has bought SelfCare Home Health Products in Vancouver, British Columbia, its first acquisition outside of the United States. “Investing in locations outside the U.S. not only allows us to reach more clients, but also fuels continued progress in the CRT industry, both here in the U.S. and worldwide,” said Bill Mixon, NSM CEO. SelfCare is a multi-site mobility...

MADISON HEIGHTS, Mich. - InfuSystem, a national provider of infusion pumps and related services, has been tapped by Smiths Medical, a manufacturer of specialized medical devices and equipment, as an official distributor of CADD products. Smiths Medical recently announced a strategic decision to serve its non-hospital-based infusion customers through a new distribution model that its says simplifies the way providers order, receive and deliver care with CADD products. As a result, CADD will now be...

CLEARWATER, Fla. - Lincare will pay $875,000 to settle a lawsuit filed by employees whose information may have been exposed in a “phishing attack.”The lawsuit stems from an incident on Feb. 3, 2017, when a cyber-criminal posing as a high-level Lincare executive emailed a Lincare human resources employee and requested W-2 information for all employees. The HR employee responded with attached W-2 data for a certain number of employees of Lincare and its affiliates.On Feb. 10, 2017, Lincare...

MADISON HEIGHTS, Mich. - InfuSystem Holdings reported net revenues of $17.6 million for the third quarter of 2017, a 2.1% increase compared to the same period in 2016. It reported a net loss of $0.1 million for the quarter this year compared to a net income of $0.1 million for the same quarter last year. Breaking down revenues, rentals increased 4.7% and sales decreased 12.4% in the quarter. Management says as the company becomes more efficient at collecting revenues and managing its cost structure,...

Lisa Wells has been named to United Spinal Association's Board of Directors. Wells, vice president of marketing at Cure Medical, has more than 20 years of experience in public relations and marketing communications for medical device, medical supply and health technology companies and has created two social media communities for wheelchairs users…Darrell Montgomery and Christopher Sansone have been elected to InfuSystem's Board of Directors. Montgomery has nearly 30 years experience in operational...

WASHINGTON - A federal judge in Texas on Nov. 22 blocked a new overtime rule from going into effect on Dec. 1. The rule would require employers to pay overtime for more than 40 hours of work per week for all employees earning up to $913 per week or $47,476 per year. The current threshold: $455 per week or $23,660 per year. The judge, Amos L. Mazzant III of the Eastern District of Texas, ruled that the Obama administration had exceeded its authority by raising the overtime salary limit so significantly....

MIAMI - The plaintiffs in a whistleblower lawsuit against Lincare have asked the court to overturn the decision.The whistleblowers, Gerry Phalp and Matt Peoples, claim that unsolicited calls from Diabetic Experts of America, a Lincare subsidiary, violated Medicare statute, which forbids such calls unless the beneficiary has bought something from that company within the past 15 months.In July 2015, U.S. District Judge Kathleen Williams sided with Lincare, ruling that Diabetic Experts is a subsidiary...