Tag: Oral appliance therapy
ProSomnus secures $30M in financing
August 29, 2022HME News Staff
SAN FRANCISCO – ProSomnus Sleep Technologies, a manufacturer of oral appliance therapy devices, has announced definitive agreements with institutional investors led by funds affiliated with or managed by Cohanzick Management and CrossingBridge Advisors. The financing - $30 million of debt comprised of two tranches: $15 million of senior secured convertible notes and $15 million of junior secured convertible notes with maturities of 36 months and 40 months, respectively – will support...
Oventus reapplies to PDAC
October 26, 2021HME News Staff
BRISBANE, Australia – Oventus Medical has reapplied to Palmetto GBA, the pricing data analysis and coding contractor (PDAC), for approval of the newly submitted Optima version of its O2Vent oral appliance to treat obstructive sleep apnea. This version of the device is designed specifically for Medicare patients. “In the meantime, this means that O2Vent Optima will not be able to be supplied to Medicare patients in its own right for reimbursement purposes,” the company stated....
Oventus Medical becomes 'preferred supplier' for VGM members
November 23, 2020HME News Staff
BRISBANE, Australia - Oventus Medical has signed a marketing agreement with VGM & Associates. Per the agreement, VGM has named Oventus Medical as a preferred supplier of oral appliance therapy and will promote the company's “lab-in-lab” program to its 2,500-plus members with 7,000-plus locations. “The difficulties associated with CPAP therapy and optimum patient care are well understood,” said Scott Owen, senior vice president of contracting for VGM & Associates. “By...