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Tag: Viemed


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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,”...

Nasdaq, Viemed


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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...

AAHomecare, Corporate Partner, Direct Supply, Viemed


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Casey Hoyt

Specialty Providers

Viemed excels at balancing act

August 11, 2023Theresa Flaherty, Managing Editor

LAFAYETTE, La. – Viemed Healthcare is already seeing gains from its recent acquisition of Home Medical Products and the company is “orchestrating the next chapter of its growth story,” said CEO Casey Hoyt.  Viemed finalized the acquisition of Tennessee-based HMP on June 1 and has worked diligently to integrate its operations and employees, Hoyt says.  “We closed the deal and had our team up at their offices the following week and training their folks on how...

Casey Hoyt, ventilators, Viemed


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Casey Hoyt

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Viemed leverages tailwinds

August 10, 2023HME News Staff

LAFAYETTE, La. – Viemed reported core net revenues of $43.3 million for the second quarter 2023, an increase of 31% compared to one year ago and a new company record.  Net income for the quarter totaled $2.3 million, including approximately $2.5 million of revenues related to its acquisition of Home Medical Products, which it completed June 1. Adjusted EBITDA totaled $9.8 million.  “We find ourselves in an exceptional position, leveraging the prevailing tailwinds in the...

Casey Hoyt, Viemed


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In brief: PAP therapy helps to improve outcomes, indie pharmacies worry about ‘DIR hangover’

June 9, 2023HME News Staff

INDIANAPOLIS – People with heart failure and obstructive sleep apnea can significantly reduce hospitalizations and ER visits, as well as related costs, by being adherent with PAP therapy, according to two recent studies.  The studies were supported by ResMed and presented at SLEEP 2023.  One study analyzed 1,472 people with OSA and systolic heart failure, with exactly half adherent on PAP therapy and half non-adherent. The adherent patients had 24% fewer ER visits and incurred...

CPAP, ResMed, Viemed


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Casey Hoyt

Specialty Providers

Viemed ramps up M&A, eyes MA plans

May 12, 2023Theresa Flaherty, Managing Editor

LAFAYETTE, La. – M&A and MA were hot topics during a recent Viemed earnings call, as company execs outlined what they see as key opportunities for growth going forward.  Viemed’s recently announced acquisition of Tennessee-based Home Medical Products, a large regional provider of respiratory solutions, kicks off the company’s acquisition growth initiatives – a priority for the year ahead, say execs. HMP, which currently serves more than 44,000 patients in Tennessee,...

Casey Hoyt, Home Respiratory Equipment, Viemed


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Viemed invests $2M in value-based care platform 

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Viemed invests $2M in value-based care platform 

January 16, 2023HME News Staff

LAFAYETTE, La. – Viemed Healthcare has made a strategic investment in ModoHealth, a value-based care and patient management platform connecting payers, patients and post-acute providers.  ModoHealth expects to use the proceeds of the investment to fund the expansion of its proprietary patient management network, which combines clinical tools, remote patient monitoring, data analysis and patient-centric engagement.  “We are incredibly excited to partner with the team at...

ModoHealth, Value-Based Care, Viemed


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In brief: Payment increase, CAIRE expansion, Philips update

December 2, 2022HME News Staff

WASHINGTON – CMS on Dec. 2 announced a 9.1% increase for competitively bid DMEPOS items in non-competitive bidding areas and a 6.4% increase for bid items in former CBAs for calendar year 2023, AAHomecare reports.  Non-bid items will receive an 8.7% increase.  Typically, the CPI-U increases for DME have been 1%-3%. Last year, the inflation adjustment was 5% in former CBAs and 5.4% non-CBAs.  “These increases will help DME suppliers who have been dealing with rising...

CAIRE, Home Medical Equipment (HME), Philips, Respironics, VGM, Viemed


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In brief: Inogen growth, Permobil expansion, vax requirements

November 5, 2021HME News Staff

GOLETA, Calif. – Inogen reported $93.1 million in total revenue for the third quarter of 2021, up 25.3% from the same period last year.  By business segment, it reported $36.3 million in revenue for domestic direct-to-consumer sales, up 24.6%; and $12.1 million for rentals, up 61.3%.  “I continue to be pleased with the sustained demand we are seeing for our market-leading portable oxygen concentrators, in spite of the challenging supply chain environment,” said Nabil...

Home Medical Equipment (HME), Inogen, Option Care, Permobil, Viemed


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Casey Hoyt

Specialty Providers

Viemed comments on Philips, OIG report

August 6, 2021Theresa Flaherty, Managing Editor

LAFAYETTE, La. – The recent Philips recall on certain CPAP devices and ventilators hasn’t created a disruption for Viemed Healthcare and may even provide an opportunity for growth, said CEO Casey Hoyt during a call to discuss the company’s second quarter earnings.  “Viemed has been proactively acquiring replacement inventory from alternative manufacturers,” he said. “We have always been a device-agnostic company, focused on service rather than equipment,...

Casey Hoyt, Home ventilators, Viemed


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