Tag: respiratory

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...

ELYRIA, Ohio - Invacare continues to see high demand globally for its respiratory products, beds and therapeutic support surfaces, which it says are vital in the fight against the coronavirus pandemic, the company said in a business update on April 14. The company is working to increase capacity to produce these products and resolve global supply chain challenges compounded by the effects of the pandemic. “As a result, there are practical limits to the extent we can increase output,”...

BOULDER, Colo. - Quality Biomedical has opened its 7th respiratory equipment service center in Fort Wayne, Ind. The new center will allow the company to serve a growing customer based in the Midwest, reaching the Chicago area to the West and into Ohio and Michigan to the East. “This is another step in our company's goal to be the first respiratory equipment service-management company with a national footprint,” said PK Bala, CEO. “This is a tremendous value-add for our OEM and HME...

ELYRIA, Ohio - Invacare provided a business update on March 23, saying demand for respiratory products and beds has increased dramatically but demand for mobility and seating products has slowed.“While demand of our respiratory products and beds continues to spike, we have experienced a reduction in the momentum of our mobility and seating product line over the past few weeks,” said Matt Monaghan, chairman, president and CEO. “This has been caused by a shift in priorities of our...

GIRARD, Ohio - Rotech Healthcare has bought the respiratory assets of Boardman Medical Supply, based here, expanding its presence in Ohio. As part of the deal, some of Boardman Medical Supply's employees will go to work for Rotech, which will be renting part of the company's building in Girard, according to WKBN, a local news station. "We are thrilled to welcome the Boardman Medical Supply team into the Rotech family and expand our presence in Northeast Ohio and the Mahoning Valley,” said Timothy...