Tag: insulet

SANDWICH, Mass. - Spiro Health has acquired Absolute Respiratory Care in Johnston, R.I., further cementing its presence in New England and the Northeast.  Absolute Respiratory Care offers a full range of home medical equipment and supplies with a focus on sleep services. Through wireless monitoring, the provider has created a touchless telehealth model for sleep therapy.  “Absolute Respiratory Care is excited to join with the team at Spiro Health,” said Jayne Matoian,...

ACTON, Mass. - Insulet Corp. has launched “YESvember,” a monthlong campaign to share inspiring stories of people living with diabetes on social media channels. The company is encouraging people to share how they are turning “no, I can't” into “yes, I can.” “We understand the many obstacles faced by people with diabetes and those who care for them,” said Shacey Petrovic, president and CEO. “Our innovative technology makes it possible for people...

ACTON, Mass. - Insulet, maker of the OmniPod system, has expanded its U.S. financial assistance program for current customers who have been negatively impacted by COVID-19. Upon meeting certain financial criteria, those customers may receive up to a six-month supply (60 pods). “Our coronavirus response plan is guided by our fundamental principles of protecting the health and safety of our employees, preserving the well-being of the communities in which we live and work, and ensuring that customers...

ACTON, Mass. - Insulet Corp. reported revenue of $738.2 million for 2019, a 31% increase compared to 2018. The company reported full-year revenue of $673.5 million for the Omnipod, broken down by U.S. revenue of $420.2 million and international revenue of $253.1 million, a 30% and 47% increase, respectively.Insulet reported revenue of $209.4 million for the fourth quarter of 2019, a 27% increase compared to the same period in 2018. Operating income was $18.2 million."2019 was a remarkable year for...

BRENTWOOD, Tenn. - Numotion has acquired Syracuse, N.Y.-based Monroe Wheelchair.Monroe has served as provider of complex rehab technology services for more than 75 years. It also offers augmentative and alternative communication (AAC) devices and software.“We are thrilled to announce that Monroe Wheelchair has been acquired by Numotion,” said Doug Westerdahl, CEO of Monroe. “Their customer-centric focus and employee-supportive organization align with our values and business principles....

ACTON, Mass. - Insulet has announced a voluntary medical device correction for its Omnipod DASH Personal Diabetes Managers. As part of an ongoing monitoring process, the company found that PDMs may suggest an inaccurate bolus amount based on a blood glucose value that is more than 10 minutes old when the user does not exit the bolus calculator as designed or when a system alarm interrupts a bolus calculation. No injuries have been reported and the Omnipod DASH is safe to use. All affected Omnipod...

ELYRIA, Ohio - Invacare reported net sales of $235.8 million for the third quarter of 2019 compared to $244.6 million for the same period last year. Net loss was $8 million vs. $12 million. For North America HME, net sales decreased 1.8%, as slightly higher mobility and seating sales were more than offset by an 8.3% decline in respiratory sales and lower lifestyle product sales. Excluding respiratory, sales were up sequentially and essentially flat year over year. Invacare reported SG&A improved...

ACTON, Mass. - Insulet Corp. has reported net income of $9.9 million for the fourth quarter of 2018 compared to a net loss of $6.9 million for the same period in 2017.The company reported net income of $3.3 million for all of 2018 vs. a net loss of $26.8 million for 2017.It's the first time in Insulet's history that the company has achieved full-year positive operating income and net income.“Insulet had a remarkable 2018, achieving our third consecutive year of over 20% revenue growth, significantly...

BILLERICA, Mass. - Insulet Corp., maker of the Omnipod Insulin Management System, reported revenues of $124.3 million for the second quarter, a 13% increase compared to the same period last year. It reported revenues of $78.1 million for the Omnipod in the U.S., a 19% increase. Insulet reported a net loss of $1.7 million for the second quarter compared to a net loss of $7.8 million for the same period last year. Among the company's highlights in the second quarter: It assumed direct European operations...

WATERLOO, Iowa - A study sponsored by The VGM Group shows the cost shift that is happening as a result of reduced access to DME for Medicare beneficiaries.The study by Leitten Consulting shows that:. Fall-related injuries due to failure to provide needed mobility equipment results in a cost shift of between $4,705 and $5,029;. COPD-related exacerbations due to failure to provide supplemental oxygen therapy results in a cost shift of about $14,350; and. OSA-related complications due to failure to...