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Greg Crawford

Providers

Quipt: ‘We’ve got a lot of levers that we’re pulling’ 

February 12, 2025Theresa Flaherty, Managing Editor

CINCINNATI – Quipt Home Medical is focusing on “steady progress” in the face of several headwinds, including an expected $3 million annual impact from the expiration of 75/25 blended Medicare reimbursement rates.  The company, which seeks to return to 8% to 10% organic growth rate in 2025, has also been impacted by the withdrawal of Medicare Advantage members due to a capitated agreement with other providers and a discontinued disposable supply contract.  “It’s...

Financial Results, First Quarter (Q1), fiscal year 2025, Quipt Home Medical


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Providers

‘Mother Nature is a beast’: Wildfires create ‘massive surge’ in calls

February 7, 2025Theresa Flaherty, Managing Editor

LOS ANGELES – HME providers in the Los Angeles metro area have had to manage mandatory evacuations, power outages and other challenges, all the while handling a surge in demand for their services by patients who have also been impacted by recent wildfires.  “We have many patients throughout that area and multiple facilities to which we provide equipment and service,” said Chris Rice, president of Diamond Respiratory in Riverside, Calif. “In fact, one in Altadena burned...

California wildfires, Chris Rice, David Siegel, Diamond Respiratory, Home Medical Equipment (HME), Home Oxygen Equipment, John Cassar, Nationwide Medical, SuperCare Health


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Tom Chacko

Providers

Gilgal Medical ‘frees’ itself from insurance

February 7, 2025Theresa Flaherty, Managing Editor

ORLANDO, Fla. – Gilgal Medical Supplies recently transitioned to a retail sales and wholesale distribution model for medical supplies, a decision made necessary by the increasing burdens associated with billing insurance, says Tom Chacko, vice president.  “The time and the resources needed to do all (the required paperwork), when you consider the reimbursement, financially, it's not feasible,” he said.  Chacko spoke with HME News about the company’s decision.  HME...

Gilgal Medical, Home medical supplies, Tom Chacko


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Owens & Minor seeks financing, releases prelim results 

Providers

Owens & Minor seeks financing, releases prelim results 

February 3, 2025HME News Staff

RICHMOND, Va. – Owens & Minor is raising additional debt “while capital markets are attractive” to finance its acquisition of Rotech Healthcare, the company announced Feb. 3.  The company still expects to close on the acquisition in the first half of 2025.  “Our healthy free cash flow provides the vehicle for this proposed financing, as well as helping us achieve our deleveraging goals over the next few years,” said Edward Pesicka, president and CEO of...

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Providers

Quipt ‘evaluating’ opposition to board candidates

January 31, 2025HME News Staff

CINCINNATI — Quipt Home Medical has acknowledged receiving notice from Philotimo Fund, an entity affiliated with Kanen Wealth Management and David L. Kanen, of its intent to solicit proxies in support of four director candidates in opposition to the company’s four candidates.  The company says its board and the Nominating and Corporate Governance Committee of the board will thoroughly review and evaluate KWM’s notice and any additional requests for compliance with its established...

Home Medical Equipment (HME), Quipt Home Medical


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Providers

Henry Schein receives funding

January 29, 2025HME News Staff

MELVILLE, N.Y. – Henry Schein has received a strategic investment of $250 million from KKR, giving the global investment firm a 12% stake in the company, with the option to purchase additional shares for a total equity stake of up to 14.9%.   Also as part of the agreement, KRR’s Max Lin and William K. “Dan” Daniel will join Henry Schein’s board of directors as independent directors and, separately, Robert J. “Bob” Hombach will also join as an...

Henry Schein, KRR


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Jay Wendt

Providers

Stance Health Solutions ready for action

January 24, 2025Theresa Flaherty, Managing Editor

TUSTIN, Calif. – Stance Health Solutions, the new name for the recently combined SG Homecare and Western Drug Medical Supply, plans to close at least one “significant acquisition” in 2025 and to double in size in the next five years, says CEO Jay Wendt.  Stance Health, which currently has about 28 locations that serve patients in California, seeks strategic acquisitions that complement its existing product lines and footprint. The company offers DME, respiratory, sleep and...

Home Medical Equipment (HME), SG Homecare, Stance Health Solutions


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Providers

Lincare settles Medicaid investigation 

January 14, 2025HME News Staff

OLYMPIA, Wash. - The Washington state Attorney General’s Office has announced that Lincare has agreed to pay $1.15 million for allegedly overbilling Medicaid for rental oxygen equipment.  The state, based on an investigation by its Medicaid Fraud Control Division, alleges that Clearwater, Fla.-based Lincare, which has a billing office in Spokane Valley to manage its operations in the Pacific Northwest, knowingly billed rental fees beyond the three years allowed in more than 15 instances...

Lincare, Medicaid, overbilling, Settlement


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Providers

Guthrie teams up with DASCO for DME 

January 13, 2025HME News Staff

CORTLAND, N.Y., and WESTERVILLE, Ohio – Guthrie, which has close to 1,000 primary and specialty care physicians and advance practice practitioners, and DASCO Home Medical Equipment are teaming up on a joint venture to better serve patients, according to a press release.   Per the JV, DASCO will begin management and day-to-day operations of all Guthrie Med Supply Depot locations effective March 1.  “Guthrie’s core business, our mission, is quality patient care,...

DASCO Home Medical Equipment, Guthrie, Joint Venture


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Larry Mastrovich

Providers

PHM bets on remote monitoring, 'marriage’ with hospitals

January 10, 2025Theresa Flaherty, Managing Editor

KENT, Wash. – Performance Home Medical plans to use an additional $55 million investment from Grant Avenue Capital to shift its business from value-based care to “outcome-related payments,” says CEO Larry Mastrovich.  To help make that shift, the company plans to invest in remote patient monitoring, which fits in neatly with its core disease state management platform for COPD and obstructive sleep apnea patients.  “We’re looking to develop a care model...

Eric Kim, Grant Avenue, Home Medical Equipment (HME), Larry Mastrovich, Performance Home Medical, Remote Patient Monitoring


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