Tag: Inogen

GOLETA, Calif. – Inogen has appointed George Parr as executive vice president and chief commercial officer, effective April 12, 2021. Parr has 25 years of experience across medical technology, consumer products and industrial markets, most recently as executive vice president and chief marketing officer at Becton Dickinson and Company. “I would like to congratulate George on this appointment as I believe that he will be a tremendous asset to Inogen and a...

GOLETA, Calif. – Inogen reported a 17.9% increase in sales of portable oxygen concentrators to HME providers in the fourth quarter of 2020, a sign of just how much the pandemic is straining the supply of stationary oxygen concentrators, a more common therapy for COVID-19 patients.  That’s compared to a 25.2% decrease in direct-to-consumer sales for the quarter.  “Traditionally, these patients are treated...

GOLETA, Calif. – Inogen’s new CEO, Nabil Shabshab, says the company may be “placing its bets a little differently” in 2021.  During a recent conference call to discuss the company’s latest financial results, Shabshab’s first, an analyst asked how he planned to balance Inogen’s various business segments – direct to consumer, business to business and rental.   “Of course, (the...

GOLETA, Calif. – Inogen reported revenue of $74 million for the fourth quarter of 2020, a 6.3% decrease compared to the same period in 2019, but domestic business-to-business sales were $24.2 million, a 17.9% increase.  Rental revenue was $9.4 million, a 71.7% increase, and direct-to-consumer sales were $26.8 million, a 25.2% decrease.  “While the COVID-19 pandemic continued to have a significant effect on our business in the fourth quarter of 2020, primarily...

National Seating & Mobility has named Daniel Curling as its new CIO. Curling has more than 20 years of experience in technology related positions. He most recently served as senior vice president, CIO for Asurion, a Nashville-based provider of insurance, warranty and support services for mobile devices, consumer electronics and home appliances. “Daniel is an innovative leader with a track record of success in driving transformational technology solutions for international businesses,”...

CHICAGO – Inogen has settled allegations that its line of wearable ventilators infringes on patents by Breathe Technologies, according to Bloomberg Law. Inogen entered the non-invasive ventilators market with its acquisition of New Aera for $70.4 million in 2019. New Aera manufactures the Tidal Assist Ventilator system, which includes the SideKick RAV, a 4-ounce, pocket-sized portable non-invasive vent for people suffering from various chronic lunch...

GOLETA, Calif. – Inogen’s board of directors has appointed Nabil Shabshab as president and CEO effective Feb. 8.  Shabshab will replace Scott Wilkinson, who announced that he would be retiring in June last year.  Shabshab will also serve as a Class II director, with a term expiring at the annual stockholders meeting in 2022.  Shabshab, 56, has most recently served as worldwide president of diabetes care and digital health at Becton...

GOLETA, Calif. - Inogen saw sequential improvements in its financial results from the second to third quarters, but company officials aren't confident that will continue into the fourth quarter due to rising numbers of COVID-19 across the United States and Europe. Inogen reported that total revenues in the third quarter were $74.3 million, a 19% decrease year over year but a 3.7% increase sequentially. Its domestic business-to-business sales were $23.1 million, a 23.5% decrease year over year but...

GOLETA, Calif. - Inogen reported total revenue of $74.3 million for the third quarter of 2020, a 19.1% decrease from the same period in 2019, primarily due to the impacts of the COVID-19 pandemic. It reported a net income of $1.7 million vs. $6.9 million. “The COVID-19 pandemic has had a significant impact worldwide and on our company in 2020, and it has continued to have a meaningful effect on our business throughout the third quarter due to a significant reduction in patient travel and activity...

YARMOUTH, Maine - The COVID-19 pandemic has hit home that providers need to go from being HMEs to HMAs—home medical advisors, said Invacare's Matthew Monaghan during last week's HME News Business Summit. “It's less of a focus on E for equipment and more on service and trust,” said Monaghan, chairman, president, CEO of Invacare. “For the next 18 months, it's really about going beyond equipment and being that trusted care advisor.” Monaghan, a panelist for the session...