Tag: ventilators

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...

AMSTERDAM, the Netherlands – Philips reported EUR 4.2 billion in group sales for the third quarter, a 7.6% comparable decline due to headwinds caused by global supply chain challenges and the recall of certain CPAP devices and ventilators.  The company says comparable sales decreased 39% for its Connected Care business, following, in part, a double-digit decline in Sleep & Respiratory Care in the third quarter.  “This quarter’s sales were impacted unfavorably...

OAKLAND, Calif. – California Attorney General Rob Bonta has announced a $3.31 million settlement against SuperCare Health for allegedly billing Medicare and Medi-Cal for servicing ventilators that were no longer necessary. The proposed settlement resolves allegations that the Downey-based company submitted fraudulent claims to Medi-Cal in violation of the state and federal False Claims Act. Per the proposed settlement, SuperCare will pay $3.31 million to multiple government plaintiffs, with...

WASHINGTON – Industry stakeholders are pushing back on a CMS alert that, they say, makes it seem like patients can get CPAP devices and ventilators affected by a recent Philips recall replaced or repaired right away.  The alert states: “If you would like to replace or repair your equipment, the supplier you bought the equipment from is responsible for replacing or repairing rental equipment at no cost to you when the equipment is less than five years old. If the equipment is more...

AMSTERDAM – Philips could hear back from the U.S. Food and Drug Administration in August about its plans to replace the foam in certain CPAP devices and ventilators, based on a timeline provided during the company’s July 26 conference call to discuss financial results for the second quarter.  Philips filed "multiple packages" of CFR 806 applications for corrections and removals with the FDA in June and CEO Frans van Houten said, based on prior experience, there’s typically...