Tag: Inogen

GOLETA, Calif. – Inogen’s board of directors has appointed Jason Somer as executive vice president and general counsel and secretary, effective July 12. “On behalf of the board, I would like to congratulate Jason on this appointment as I believe that he will be a tremendous asset to Inogen and a great addition to our executive team,” said Nabil Shabshab, CEO. “I believe Jason’s 25 years of experience in general counsel and attorney roles will be a great enabler...

NORTHFIELD, Ill. – Medline Industries has entered into an agreement to receive a majority investment from a group of private equity firms, including Blackstone, Carlyle Group and Hellman & Friedman, worth a reported $30-plus billion.  Medline, which generated revenues of $17.5 billion in 2020, will use the new resources from the partnership to expand its product offerings, accelerate international expansion and continue to make new infrastructure investments to strengthen its global...

Inogen has appointed Dr. Stanislav Glezer as executive vice president and chief medical officer. Glezer has more than 25 years of experience in clinical research and medical affair roles, most recently at Becton, Dickinson and Company as worldwide vice president of medical affairs for Diabetes Care.  “I look forward to contributing to the next phase of Inogen’s planned growth as we continue to seek ways to design patient centric outcomes studies to improve access to our best-in-class...

GOLETA, Calif. – Inogen’s financial results for the first quarter of 2021 were a mixed bag but there are early signs, company officials say, that they will improve in the second quarter.  Inogen reported an 84.2% increase in rental revenues – hitting about 34,700 patients on service – and an 11.6% increase in domestic B2B sales for the first quarter of 2021 compared to the same period last year. But it also reported a...

GOLETA, Calif. – Inogen reported total revenues of $86.9 million for the first quarter of 2021, a 1.8% decrease from the same period last year, primarily due to the impacts of the COVID-19 pandemic, the company says.  It reported a net loss of $732,000 vs. a net loss of $1.59 million.  “While the COVID-19 pandemic continued to have an impact on our business in the first quarter of 2021, we saw sequential growth in all four channels, and sequential growth of 17.5%...

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,”...