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Tag: Oventus Medical


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Oventus targets growth in North America with new hire

September 13, 2021HME News Staff

BRISBANE, Australia – Oventus Medical has appointed Michael Sisk as vice president of finance in the U.S. to support the increasing needs of the company’s North American operations. He brings more than 25 years of experience in finance and accounting, ranging from smaller banks to $8 billion publicly traded financial institutions. “Mike has built a strong track record of financial management with publicly traded organizations over many years,” said Dr. Chris Hart, founder...

CPAP Alternative, North American operations, Oventus Medical


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Oventus Medical reports growth

August 31, 2021HME News Staff

BRISBANE, Australia – Oventus Medical booked revenues of $1.1 million for the 12 months ended June 30, an increase of 160% over the prior period. “FY21 was Oventus’ best year for device sales on record, despite what remained a highly challenging patient treatment environment for in-person clinical settings, which were heavily tampered by the COVID-19 pandemic,” the company stated. Contributing to Oventus’s growth in the year: lab-in-lab sites that remained operational...

CPAP Alternative, O2 vent, Oventus Medical, Sleep Therapy


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Oventus up over last year

August 2, 2021HME News Staff

BRISBANE, Australia – Oventus reported revenue of $223,000 for its fiscal fourth quarter of 2021, an increase of 214% over the same quarter in 2020, but a 30% decrease from the third quarter, which the company attributed to sporadic lockdowns in key markets. Telehealth bookings continue to grow with 507 consultations scheduled in Q4 FY21, up 635% vs. Q4 FY20, and up 25% vs Q3 FY21. Also during the quarter, Oventus completed a restructure to align with current market conditions and reduce overhead...

Oventus Medical


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In brief: Accessories reprieve, oxygen challenge, advocate of the year

June 25, 2021HME News Staff

WASHINGTON – CMS has announced a 90-day suspension of scheduled Medicare cuts to accessories for complex rehab manual wheelchairs, NCART reports.  That extends an 18-month suspension that would have expired on July 1 to Oct. 1.  “They will use this time for further analysis and, hopefully, a permanent suspension,” Don Clayback, executive director of NCART, tweeted today. “Thank you advocates, Congress and CMS.”  On Monday, a letter led...

aahomecare, Medicaid, NCART, Oventus Medical, Philips Recall, Roll on Capitol Hill


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Oventus highlights DTC business

June 21, 2021HME News Staff

BRISBANE, Australia – Oventus Medical says current data indicate that 60% of all patient referrals are coming direct-to-consumer from through two websites: gopapfree.com and o2vent.com. Additionally, the company says the number of telehealth consultations scheduled has increased 25% in the current quarter compared to the previous quarter. “Since Oventus launched its telehealth initiative as a result of COVID-19, the patient funnel has captured more than 2,000 patients,” the company...

CPAP Alternative, direct-to-consumer, O2Vent, Obstructive Sleep Apnea, Oventus Medical


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Oventus Medical reorganizes with new president/COO and CFO

June 7, 2021HME News Staff

BRISBANE, Australia – Oventus Medical has appointed John Cox as its president and COO. Cox was previously president and CEO of Somnera, where he developed a cloud-connected alternative to CPAP therapy and built out direct-to-consumer, customer engagement and channel partner programs. Oventus has tasked him with adapting the company’s go-to-market model and its patient services infrastructure to meet customer needs in a rapidly accelerating environment of virtual and telehealth-based marketing,...

CPAP Alternative, Oventus Medical


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Oventus raises millions

May 11, 2021HME News Staff

BRISBANE, Australia – Oventus Medical has firm commitments from institutional and sophisticated investors for a two-tranche placement of ordinary shares to raise about $5 million. The company has also launched a fully underwritten 1 for 4.4 pro-rata, non-renounceable entitlement offer to raise another $5 million. “We thank all those investors who showed strong support for the company through the placement, despite the challenges brought about by sustained lockdowns...

Capital Raise, Funding, Oventus Medical


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In brief: AdaptHealth increases credit, Permobil goes Progeo, Alick’s buys Pill Box

April 30, 2021HME News Staff

PLYMOUTH MEETING, Pa. – AdaptHealth has expanded its credit by $300 million to boost acquisitions and for general corporate purposes.  The company amended its senior secured credit facilities to increase its term loan by $100 million and to expand the maximum borrowing capacity under its revolving credit facility from $250 million to $450 million.   “We appreciate the support of the company’s lenders as we continue to execute on the company’s...

aahomecare, AdaptHealth, Alick's, Nonin, Oventus Medical, Permobil


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Oventus signs up Sleep Metrics

April 26, 2021HME News Staff

BRISBANE, Australia – Oventus Medical has signed a new virtual lab-in-lab agreement with Sleep Metrics, a Portland, Ore.-based provider of sleep apnea testing and therapy, its fourth such agreement. Through the agreement, Sleep Metrics is now able to offer O2Vent therapy as a treatment alternative to patients who refuse CPAP therapy or find it challenging. “There are tremendous synergies with our VLIL model and Sleep Metrics’ existing at-home OSA testing,”...

CPAP Alternative, Obstructive Sleep Apnea, Oventus Medical, Sleep Metrics, Sleep Therapy


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In brief: CMS guidance, Convatec acquisition, Drive CEO

April 2, 2021HME News Staff

WASHINGTON – CMS has instructed the Medicare Administrative Contractors (MACs) to hold all claims with dates of service on or after April 1, 2021, for a short period, in anticipation of possible congressional action to extend the moratorium on the 2% sequestration cuts.  “This will minimize the volume of claims the MACs must reprocess if Congress extends the suspension,” CMS wrote in a March 30 bulletin. “The MACs will automatically reprocess any claims paid with the...

Braze Mobility, Complex Rehab, ConvaTec, Cure Medical, Drive DeVilbiss Healthcare, Home Medical Equipment, Invacare, Merits, Oventus Medical


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