Tag: respiratory

CHICAGO – New Harbor Capital has announced that its portfolio company Grand Rapids, Mich.-based Advent Home Medical has acquired Charlotte, N.C.-based Med Emporium, strengthening the company’s respiratory focus and paving the way for it to expand into new geographies.  It’s Advent Home Medical’s third acquisition in partnership with New Harbor Capital, which completed a majority investment in the company in March 2021.  “We are very excited to partner...

AMSTERDAM – Royal Philips has appointed Julia Strandberg as chief business leader of its Connected Care businesses, including sleep and respiratory care, effective April 24, 2023.  Strandberg, who was most recently chief commercial officer for Pear Therapeutics, will also become a member of the company’s Executive Committee, reporting to CEO Roy Jakobs.  “Julia brings deep, multi-disciplinary expertise, including in informatics and monitoring, to Philips,”...

AMSTERDAM – Royal Philips has appointed Julia Strandberg as chief business leader of its Connected Care businesses, including sleep and respiratory care, effective April 24, 2023.  Strandberg, who was most recently chief commercial officer for Pear Therapeutics, will also become a member of the company’s Executive Committee, reporting to CEO Roy Jakobs.  “Julia brings deep, multi-disciplinary expertise, including in informatics and monitoring, to Philips,”...

SARASOTA, Fla. - React Health subsidiary Ventec Systems has acquired Invacare’s respiratory assets.  Invacare announced late last year that it would be exiting the respiratory market.  “With this acquisition, React Health is well positioned to continue to support the end-to-end care of patients with cardiology, sleep and respiratory illnesses, in partnership with physicians and providers of diagnostic and needed therapies,” said Tom Pontzius, president of operations...

When I spoke with Geoffrey Purtill in September, he hinted that some dramatic changes were coming Invacare’s way, but he couldn’t say at that time what they were. The need for changes didn’t come as a surprise. Following a consent decree with the U.S. Food and Drug Administration, Invacare has continued to struggle to find its footing and then the pandemic hit, with all of its baggage. A company that once had a market cap of more than $1 billion now stands at $19.72 million. But...

MERION STATION, Pa. – The owner of OxygenWorks, Philomena Baylor, has divested her business to AdaptHealth.  OxygenWorks, based here, is a privately owned, multi-generational company providing a broad spectrum of respiratory equipment and supplies to patients in Pennsylvania, Delaware and New Jersey, according to a press release from the company’s adviser, Central HealthCare Group.  Central HealthCare Group is a Philadelphia-based...

IRVINE, Calif. - Fisher & Paykel Healthcare has started planning for its third manufacturing facility in Mexico. “We are continuing to grow our manufacturing capacity to ensure a further increase in supply of our respiratory products is available if required,” said Lewis Gradon, director and CEO. “To expedite availability, the company is utilizing its existing infrastructure and property in Tijuana, Mexico.” The company says the facility will be commissioned within the next...

CINCINNATI - Protech Home Medical reported revenue of $25.9 million for the third quarter of 2020, a 28% increase compared to the same period last year and a 7% increase from the previous quarter.Adjusted EBITDA was $5.5 million vs. $3.8 million, a 47% increase year over year.The company's operational highlights for the quarter included:Its customer base hit 37,128 in the third quarter, a 19% increase year over year.Respiratory resupply setups and/or deliveries hit 14,436, a 31% increase.Equipment...

ISLIP, N.Y. - OJ Medtech/Charm Medical Supply has acquired PRO2 LLC, an oxygen and CPAP supply company that operates two locations in Buffalo, N.Y., and serves more than 10,000 patients annually. PRO2 will help OJ Medtech/Charm Medical expand its product offerings. OJ Medtech in Islip, N.Y., provides compression garments; and Charm Medical in Pembroke, Mass., also provides compress garments, as well as incontinence and urological and wound care supplies, nutritional products and lift chairs. “We...

NEW YORK - Respondents report, on average, a 4.1% decline in their sleep resupply business due to the COVID-19 pandemic in the “2Q20 HME Oxygen, Sleep and Complex Rehab Survey by Needham and HME News.”Respondents saw their sleep patient volume increase by 5.5% in the last 12 months before the pandemic and expect their volume to grow by 5% over the next 12 months.“Both of these growth rates are lower than our prior survey results of 15% and 15.3%, respectively,” writes analyst...