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Tag: Rentals

Also Noted

HandyQuip offers online marketplace for rentals

September 6, 2019HME News Staff

PONTE VEDRA, Fla. - HandyQuip is a new online marketplace designed to make it easy for people to rent medical equipment like wheelchairs, scooters, walkers and bath safety products, according to the Ponte Vedra Recorder. Stephane Poussou worked with a software engineer to design algorithms that match people with the equipment they need at a good price, but don't overwhelm them. Visitors to choose what type of equipment they need, select rental dates from a calendar and type in their...

HandyQuip, Rentals

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Also Noted

Trace Medical, SunMED partner

April 16, 2019HME News Staff

WHITMORE LAKE, Mich. - Trace Medical and SunMED Medical Solutions have executed an exclusive long-term Network Administration Agreement to provide vent rentals to SunMED's Managed Care Organization Network, workers compensation and Medicaid customer base of more than 500 providers. “The partnership allows Trace to provide significant opportunity to our current customer base, while further distinguishing us from our competitors,” said Elliot Campbell, senior vice president of Trace Medical....

Agreement, Network, Rentals, Trace Medical, Vents

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MediLogix closes on loan

November 10, 2015HME News Staff

DENVER - MediLogix has closed on a $4 million senior term loan from CapX Partners. The provider of rental DME and respiratory equipment to skilled nursing, rehab, long-term acute care facilities and hospice providers, will use the loan to buy additional equipment to fulfill its increased customer demands, according to a release. “With management focused on several key initiatives to support growth—including building and expanding its national geographic footprint, hiring and increasing...

CapX Partners, Loan, MediLogix, Rentals

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Invacare divests rentals business

July 2, 2015HME News Staff

ELYRIA, Ohio - Invacare has sold its device rentals business for long-term care facilities.The business, comprised of Invacare Outcomes Management and Dynamic Medical Systems, sold for $15.5 million in cash. The buyer was not disclosed.The deal will allow Invacare, which has struggled under the weight of a consent decree with the Food and Drug Administration, to refocus on its core businesses, says Matthew Monaghan, president and CEO.''The sale of our United States rentals businesses allows us to...

Invacare, M&A, Rentals

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Smart Talk

Rentals: Size up customers

January 24, 2014Jason Glass

A. One of the biggest challenges medical equipment rental businesses face is helping customers get the best equipment for their needs. It is not unusual for a customer to have a preconceived idea on the best solution for their needs prior to contacting the rental provider. A good example is the manual wheelchair. Far from being a “one-size-fits all” rental item, a manual wheelchair can feature numerous options. It is important to consider the exact needs of the person who will be...

Jason Glass, Rent it Today, Rentals

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Smart Talk

Rentals: Consider adding rental business

November 26, 2013Jason Glass

A. Medical equipment companies are continually seeking ways to grow their business.  This is true for medical equipment distributors, as well as medical supply stores.The addition of a rental option can be a viable and profitable avenue to diversify services and increase income.In addition to patients who rent medical equipment, new or expanding medical facilities often lack sufficient financing to purchase durable medical equipment and diagnostic machines; thus, they provide a market to serve...

Home Medical Equipment, Rentals

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