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Tag: sale

Also Noted

Inogen exec sells additional shares

September 23, 2014HME News Staff

NEW YORK - Inogen Director Timothy Petersen sold 46,865 shares on Sept. 22 in a transaction worth nearly $1 million. The shares sold at an average price of $21.05 for a total of $986,508. Peterson previously sold 39,135 shares on Sept. 17 in a transaction worth $850,012.

Inogen, sale, Stock


Invacare sells Altimate Medical

September 2, 2014HME News Staff

ELYRIA, Ohio - Invacare has made the next move in its turnaround plan.The company announced Aug. 29 that it has sold Altimate Medical, maker of the EasyStand stationary standing assistive devices, to Rockwood Equity Partners, a private investment firm, for $23 million in cash.“Altimate is a strong business, but it is outside Invacare's core North America/Home Medical Equipment product portfolio,” stated Rob Gudbranson, interim president and CEO, in a release. “The net proceeds from...

Cost Reduction, Invacare, sale

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Bay Pharmacy sticks with HME

August 19, 2014HME News Staff

STURGEON BAY, Wis. - Bay Pharmacy has sold its pharmacy business to CVS, but CEO Tom Voegele will continue to run the company's HME business, according to local news reports. “We will be coming up with a new name,” he said. The HME business will remain in the company's current location in the Cherry Point Mall. Thirty employees will be affected by the move; 14 will continue to work in the HME business. The pharmacy business will move to a new location that CVS is building a few blocks...

Bay Pharmacy, CVS, sale

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Invacare sells recliner business

August 8, 2013HME News Staff

ELYRIA, Ohio - Invacare announced Aug. 6 that it has completed the sale of Champion Manufacturing Inc., its domestic medical recliner business for dialysis clinics, for about $45 million in cash, subject to certain post-closing adjustments.The buyer: Los Angeles-based private equity firm Levine Leichtman Capital Partners.The sale is consistent with the Invacare's globalization strategy to harmonize core global product lines and reduce complexity within its business, according to a press release.“The...

Invacare, sale

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