Tag: Inogen
Inogen tries to ‘block and tackle’ supply chain challenges
May 6, 2022Liz Beaulieu, Editor
GOLETA, Calif. – Supply chain challenges, as well as a temporary shutdown at facilities in Texas and California earlier this year, forced Inogen to prioritize available supply in the first quarter of 2022 to its domestic direct-to-consumer and rental channels, contributing to an 83.4% drop in revenues for its business-to-business channel.
“As of early May, we have started shipments to our domestic B2B channel in order to alleviate some of the backlog in our system,”...
Inogen: ‘We continue to address higher costs’
May 6, 2022HME News Staff
IGOLETA, Calif. – Inogen reported total revenue of $80.4 million for the first quarter of 2022, down 7.5% from the same period in 2021, primarily due to supply chain constraints.
The company says, however, that total revenue was up 5.2% sequentially from the fourth quarter of 2021.
Inogen reported revenue of $34.4 million for its domestic direct-to-consumer channel, up 12.2%; and revenue of $5.1 million for its domestic business-to-business channel, down 83.4%. It reported...
Inogen changes up board of directors
March 28, 2022HME News Staff
GOLETA, Calif. – Inogen has appointed Glenn Boehnlein, Kevin King and Mary Katherine Ladone to its board of directors. In conjunction with these appointments, Heath Lukatch, a director since 2006; Benjamin Anderson-Ray, a director since 2013; and Loren McFarland, a director since 2013, have all retired from the board. “Maintaining a board with diverse, fresh perspectives, skills, and experience to drive shareholder value is of utmost priority for Inogen and we are thrilled to welcome...
Inogen names new CFO
March 7, 2022HME News Staff
GOLETA, Calif. – Inogen has appointed Kristin Caltrider as executive vice president and CFO effective March 21. Caltrider joins Inogen from Quidel Corp., a provider of rapid diagnostic testing solutions, cellular-based virology assays and molecular diagnostic systems that is listed on NASDAQ. “Kristin is a proven executive who brings deep experience in leading the financial operations of health care businesses,” said CEO Nabil Shabshab. “She has a clear track record of partnering...
Inogen tries to manage cost increases
March 4, 2022Liz Beaulieu, Editor
GOLETA, Calif. – Inogen expensed $2.3 million in higher material costs in the fourth quarter of 2021 and expects that number to double in the first quarter of 2022, company officials say.
Inogen expects $4.5 million to $5.5 million in incrementally higher material costs in the first quarter of 2022 associated with open market purchases of semiconductor chips used in its batteries and portable oxygen concentrators, says interim CFO Mike Sergesketter.
“We expect this cost...
In brief: Inogen revenues, UnitedHealth merger, Heartland registration
February 25, 2022HME News Staff
GOLETA, Calif. – Inogen reported revenue of $76.4 million for the fourth quarter of 2021, an increase of 3.3% over the same period in 2020, driven by a 23.3% in domestic direct-to-consumer sales to $33 million.
Domestic business-to-business sales in the fourth quarter of 2021 decreased 57.6% to $10.3 million compared to $24.2 million in the fourth quarter of 2020, primarily due to the supply chain constraints that limited product availability in this channel.
Rental revenue...
Inogen: DTC sales up, B2B sales down
February 25, 2022HME News Staff
GOLETA, Calif. – Inogen reported revenue of $76.4 million for the fourth quarter of 2021, an increase of 3.3% over the same period in 2020, driven by a 23.3% in domestic direct-to-consumer sales to $33 million.
Domestic business-to-business sales in the fourth quarter of 2021 decreased 57.6% to $10.3 million compared to $24.2 million in the fourth quarter of 2020, primarily due to the supply chain constraints that limited product availability in this channel.
Rental revenue...
In brief: MSC buys Repair Authority, Inogen pauses some manufacturing, CPAP.com receives investment
January 14, 2022HME News Staff
FORT WORTH, Texas – MSC Biomedical Services has acquired Repair Authority to form an HME repair service provider that services all 50 states.
In the near term, MSC Biomedical and Repair Authority will continue to operate independently.
“This deal unites two of the oldest and most well-respected HME repair companies in the U.S.,” says Jonathan Hadley, CEO of MSC Biomedical Services. “This acquisition solidifies MSC Biomedical as the definitive market leader...
Inogen temporarily halts manufacturing at some locations
January 12, 2022HME News Staff
GOLETA, Calif. – Inogen says its revenues are expected to increase for the fourth quarter of 2021, but a chip shortage has forced the company to temporarily suspend manufacturing operations at its Texas and California locations.
Inogen doesn’t expect to furlough any employees as a result of the suspension, as the company currently anticipates restarting manufacturing at all locations around mid- to late February 2022 based on the information available to date.
For the...
In brief: HIDA research, catheter white paper, Quipt acquisition
January 7, 2022HME News Staff
ALEXANDRIA, Va. – Medical supplies are being delayed 37 days due to ongoing supply chain problems, according to research by the Health Industry Distributors Association.
These delays are impacting 8,000-12,000 containers of supplies throughout the U.S. transportation system, the association says.
“HIDA recommends a fast-pass system to prioritize essential medical supplies through ports, onto rail and truck for expedited delivery to the front lines of health care,”...