Tag: ventilators

AMSTERDAM – Philips has temporarily paused its remediation program for its Trilogy 100/200 ventilators while it investigates a limited number of complaints on remediated units.  “We anticipate a several week delay from our initial four- to six-week timeline in providing remediated devices back to our customers,” the company stated in a Nov. 7 update. “Remediating these devices in a timely manner is our top priority. In order to keep remediation progressing once our...

LAFAYETTE, La. – Viemed Healthcare is using its “high-touch, high-tech approach” to open doors to new business, including a contract with the Department of Veterans Affairs, says CEO Casey Hoyt.  “We have been awarded a solicitation contract to place our people in the homes of veterans in need of pulmonary disease management, social services and behavioral health,” Hoyt said during a recent call to discuss the company’s third quarter earnings. “The...

LAFAYETTE, La. – Viemed Healthcare reported core net revenue of $35.8 million for the third quarter of 2022, a 28% increase compared to the same period last year and a company record.  Viemed grew its ventilator patient count to 9,127, an 11% increase, representing the highest year-over-year growth rate since the beginning of the COVID-19 pandemic.  “Our impressive third quarter financial results reflect robust growth and the team’s disciplined execution of strategy,”...

CHICAGO – Advent Home Medical, a portfolio company of New Harbor, has acquired Aeratech Home Medical, a provider of home respiratory care and respiratory equipment technology.   Aeratech was founded in 1999 by Roy Neely, a respiratory therapist who wanted to reduce prolonged hospital stays for patients with complex respiratory conditions. Today, it serves approximately 1,000 patients through nine offices across Ohio and Indiana.   “This partnership is a perfect fit,”...

WHITEMORE LAKE, Mich. – Trace Medical is on the precipice of a large expansion of its business, preparing to add biomedical services for a number of respiratory products to its offerings.  The company, whose core competency is renting ventilators, has a goal of acquiring 15 repair service centers in the next 12 to 18 months, says Elliot Campbell, executive vice president and chief commercial officer.  “We have a full pipeline; we’ve begun to vet potential targets,”...

WHITMORE LAKE, Mich. – Trace Medical has appointed Dallas Johnson as chief technology officer. Johnson, who has extensive experience building scalable technology platforms, will be responsible for the continued development and integration of multiple platforms as the company continues its growth initiatives. “We are fortunate to have Dallas join the Trace team as we execute growth initiatives over the next five years,” said Greg Apostolou, CEO. “Technology is paramount to...

WASHINGTON – The U.S. Food and Drug Administration says efforts by Philips Respironics to notify patients and others of its recall of certain ventilators and CPAP and BiPAP devices and the risk of harm from the polyester-based polyurethan (PU-PUR) sound abatement foam used in those products have been “inadequate.”  The FDA on March 10 issued a notification order to Philips Respironics requiring the company to notify all device users, DME suppliers, distributors, retailers,...

LAFAYETTE, La. – Viemed Healthcare reported net revenues attributable to its core business were $29 million for the fourth quarter ended Dec. 31, 2021, a company record and an 11% increase over the same period in 2020.  Total net revenues were $32 million for the quarter, including $3 million for contact and vaccine tracing services and product sales related to the COVID-19 pandemic; and $117.1 million for the full year, including $8.6 million of COVID-19 related sales and services.  “We...

BOTHELL, Wash. – Ventec Life Systems is back to addressing “the complex business demands of its core customers,” says Erika Laskey, after spending much of the COVID-19 pandemic working to supply the U.S. national ventilator stockpile.  The company announced in the fall that the V+Pro had been approved as reimbursable by Medicare under codes E0465 or E0466, opening it up for more widespread use in hospitals, skilled nursing facilities and homes.  “As you can...

LAFAYETTE, La. – Viemed Healthcare reported net revenues of $27.8 million that are attributable to the company’s core business, a 12% increase compared to the same period last year and a 6% increase compared to the second quarter.  Total net revenues for the third quarter were $29.3 million, including $1.5 million in net revenues for contact and vaccine tracing services and product sales related to the COVID-19 pandemic.  “We are excited to report another record-breaking...