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Tag: Patient Home Monitoring


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PHM goes into acquisition mode

March 23, 2018Theresa Flaherty, Managing Editor

CINCINNATI - Strategic acquisitions are a key driver for growth for Patient Home Monitoring, company executives said during a recent earnings call.PHM is beefing up its M&A team and has “dozens” of deals under non-disclosure agreements, says CEO Greg Craword.“We are focused on acquisition targets that fit strict parameters for our long-term goals,” he said. “All of our targets are located in the Midwest or East Coast region. The ideal targets are between $4 million to...

home respiratory services, Patient Home Monitoring


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PHM seeks to finalize restructuring

November 21, 2017HME News Staff

LAFAYETTE, La. - Patient Home Monitoring on Dec. 15 will ask security holders to vote on splitting the company in two. PHM will become a DME company specializing in delivering and servicing oxygen therapy, sleep apnea treatment and mobility equipment; and Viemed will become a respiratory company specializing in non-invasive vents for patients with COPD, CHF and neuromuscular conditions. PHM announced plans to split into two different companies last year. PHM's board of directors has unanimously approved...

Patient Home Monitoring, restructuring


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Divide and conquer: PHM plans split

October 7, 2016Theresa Flaherty, Managing Editor

LAFAYETTE, La. - After making a splash with the roll up of several HME companies, Patient Home Monitoring said in September it will split into two separate companies as part of a restructuring plan.“(The restructuring) will provide each new company with the independence, focus, financial resources and flexibility they need to adapt quickly to market and customer dynamics,” said Michael Dalsin, outgoing chairman of PHM, in a press release.Viemed, a respiratory provider specializing in...

Apparo Home Care, Patient Home Monitoring, Viemed


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PHM feels impact of vent cuts

June 21, 2016Theresa Flaherty, Managing Editor

LAFAYETTE, La. - Cuts to reimbursement for non-invasive ventilators contributed to a drop in revenues for Patient Home Monitoring—a “reset,” for the company, said executives.Revenues for the second quarter ended March 31, 2016, were nearly 33.8 million CAD, an increase of more than 159% compared to $13 million during the same quarter a year ago. However, that's down 16% from the first quarter, execs say. “Last quarter was a reset quarter for us,” Casey Hoyt, CEO,...

Patient Home Monitoring, vents


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'Aggressive' PHM sees opportunity in HME

July 2, 2015Theresa Flaherty, Managing Editor

LOS ANGELES - Patient Home Monitoring has been looking to grow its core Coumadin business and boost its stock price by rolling up HME companies.“My understanding is PHM feels that oxygen and respiratory patients have comorbidities with the Coumadin patients so they think there's some opportunity there,” said Patrick Clifford, managing director, home medical equipment, for The Braff Group.Its most recent acquisition: Louisiana-based Sleep Services, which serves 19 states and focuses on...

Patient Home Monitoring


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Patient Home Monitoring taps Apacheta-Brightree solution

May 28, 2015HME News Staff

LOS ANGELES - Patient Home Monitoring has tapped Apacheta and Brightree's integrated mobile delivery management solution to improve efficiency. “Our goal is to leverage best-in-class technology to drive down operational costs, reduce order to cash cycles, and increase our compliance with payers in a highly regulated environment,” said Jess Cuthbert, COO for PHM, in a press release.The cloud-based solution includes Apacheta's TransportACE mobile delivery application and Transport Manager...

Apacheta, Brightree, Patient Home Monitoring


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Patient Home Monitoring to acquire company in Virginia

March 3, 2015HME News Staff

LOS ANGELES - Patient Home Monitoring has executed a letter of intent to acquire a $5 million healthcare company in Virginia that offers home accessibility products like patient lifts. PHM is a $50 million company focused on rolling up annuity-based healthcare service companies in the U.S. “We now have four LOIs that are awaiting closing with total revenue in excess of $15 million,” stated Michael Dalsin, chairman of the board of PHM, in a press release. “Assuming we close all four...

home accessibility, M&A, Patient Home Monitoring, Roll up


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Roll up buys Care Medical Partners

June 10, 2014HME News Staff

LOS ANGELES - Patient Home Monitoring (PHM), a company focused on rolling up annuity-based healthcare service companies in the U.S. and Canada, has acquired Care Medical Partners, a Georgia-based HME provider, for about $5.5 million, according to a press release. Under the terms of the deal, PHM will acquire 100% of Care Medical in exchange for $144,243 in cash and 5,655,476 in shares of PHM at $0.26 per share. As part of the deal, PHM will acquire $3.15 million in medical equipment placed with patients....

Care Medical, mergers and acquisitions, Patient Home Monitoring, Roll up


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PHM on course for record revenue, profit growth

December 19, 2013HME News Staff

SAN FRANCISCO - Patient Home Monitoring, a company servicing patients with chronic diseases, expects to meet record revenue and EBITA figures for the quarter ending Dec. 31, according to a Dec. 18 news release. In October and November 2013, the company's revenue exceeded $1.65 million, setting up the company for triple-digit quarterly revenue growth, according to the release. “We continue to focus our energies on cross selling and acquiring companies that can increase our patient database,”...

Bob Kusher, Patient Home Monitoring


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