Tag: Viemed
Viemed officially adds Lehan’s to family
July 7, 2025HME News Staff
LAFAYETTE, La. – Viemed has completed the previously disclosed acquisition of Illinois-based Lehan's Medical Equipment for a base purchase price of $26 million, subject to customary adjustments, plus estimated contingent payments of $2.2 million. "We are pleased to close the acquisition of Lehan and bring this talented and highly motivated team into the Viemed family," said Casey Hoyt, CEO. "Lehan's 80-year track record and brand recognition in a large and fast-growing...
Win for patients, challenges for suppliers in new vent policy
June 20, 2025Theresa Flaherty, Managing Editor
WASHINGTON – The final national coverage determination (NCD) for noninvasive home mechanical ventilators (HMV) and respiratory assist devices (RADs) will make it easier for patients to access therapy but impose some additional requirements on HME providers, say industry stakeholders.
Released June 9, the final NCD provides coverage of RADs for the treatment of chronic respiratory failure that often accompanies COPD and establishes coverage for HMVs for the treatment of COPD.
“This...
Viemed readies to crack tough Chicago market
May 16, 2025Theresa Flaherty, Managing Editor
LAFAYETTE, La. – Viemed’s plan to buy Lehan’s Medical Equipment for $26 million provides a “strong beachhead” to grow in the Chicago area, says CEO Casey Hoyt.
Viemed announced May 6 that it had entered into an agreement to acquire the Dekalb, Ill.-based provider, which has six locations in the northern Illinois and west Chicagoland areas, including one in Wisconsin.
“Historically, we've had a tough time breaking into the Chicago market,”...
In brief: SOAR Act support, ActivStyle acquisition, Viemed & Inogen results
May 9, 2025HME News Staff
WASHINGTON – More than 30 patient, health care professional and industry organizations have signed a letter urging lawmakers to cosponsor the Supplemental Oxygen Access Reform (SOAR) Act, which would remove supplemental oxygen from the competitive bidding program.
“Since 2011, supplemental oxygen has been part of Medicare’s DMEPOS competitive bidding program, resulting in significant decreases in payments for oxygen equipment and supplies,” the letter states....
In brief: Resmed evolves brand, Walgreens sells to PE, pharmacy hosts FTC chair
March 12, 2025HME News Staff
SAN DIEGO – Resmed has launched a rebrand to unify its portfolio and reflect its increasing direct-to-consumer engagement.
As part of the rebrand, Resmed plans to consolidate its brands, products and services under a single Resmed brand over the next couple of years, creating a more streamlined view for both consumers and health care providers.
“We are at a pivotal moment in health – sleep and breathing health are gaining the attention once reserved for diet and...
Viemed broadens strategy
May 10, 2024Theresa Flaherty, Managing Editor
LAFAYATTE, La. – Viemed Healthcare’s integration of HMP is “hitting its stride,” helping the company build out a more diversified product offering, says CEO Casey Hoyt.
Viemed closed on its acquisition of Tennessee-based Home Medical Products, Inc., a large regional provider of respiratory focused home medical solutions in June 2023. That deal, and a recent joint venture with East Alabama Health that gave Viemed a controlling interest in East Alabama HomeMed, provides...
In brief: Viemed deal, oxygen reform, sleep study
April 3, 2024HME News Staff
LAFAYETTE, La. – Viemed Healthcare has finalized its strategic partnership with East Alabama Health, providing the company with a controlling interest in East Alabama HomeMed.
East Alabama HomeMed provides HME services to patients within the EAH network, which encompasses East Alabama Medical Center in Opelika, Ala., and EAMC-Lanier Hospital in Valley, Ala., with a combined medical staff of 380 physicians, as well as those in the surrounding areas of Eastern Alabama.
"We...
Viemed reports ‘exceptional year’
March 7, 2024HME News Staff
LAFAYETTE, La. – Viemed reported net revenues of $50.7 million for its fourth quarter ended Dec. 31, 2023, an increase of 35% compared to the same period in 2022.
Total net revenues for the year were a record $183 million, an increase of 32%.
Adjusted EBITDA for the quarter and year was $12.8 million and a record $43.1 million, respectively.
"We're thrilled to announce another exceptional year of financial performance at Viemed, marked by robust double-digit...
Viemed focuses on NASDAQ
December 12, 2023HME News Staff
LAFAYETTE, La. - Viemed Healthcare has received approval from the Toronto Stock Exchange to voluntarily delist its common shares on the TSX, in a move that will allow the company to focus on its listing on the NASDAQ Capital Market. “The company is taking strategic action to enhance market efficiency and optimize our administrative processes by consolidating trading volumes on NASDAQ, as the majority of both outstanding shares and trading volume is currently concentrated in the United States,”...
Viemed, Direct Supply re-up support for AAH
October 26, 2023HME News Staff
WASHINGTON – AAHomecare has announced that Viemed and Direct Supply have increased their Corporate Partner support for the association. Viemed is now a Diamond Partner and Direct Supply is a Silver Partner. Previously, they were both Bronze Partners. “The additional resources and direct involvement that our Corporate Partners provide has fueled our success in legislative and regulatory advocacy, and has allowed us to expand our payer relations work to meet the demands of an evolving payer...