Specialty Providers

BANNOCKBURN, Ill. – Option Care Health reported revenue of $759.2 million for the first quarter of 2021, an increase of 7.6% compared to $705.4 million for the same period last year.   Gross profit was $165.5 million, or 21.8% of net revenue, and adjusted EBITDA was $52.2 million for the quarter.  “The Option Care Health team delivered solid financial results in the first quarter while continuing to lay the foundation for sustained growth,” said John Rademacher,...

LAFAYETTE, La. – Viemed Healthcare reported net revenues for its core business were $25.5 million for the first quarter ended March 31, 2021, a 12% increase compared to the same quarter last year.  Total revenues were $28.4 million, including $2.9 million for contract tracing services and product sales related to the COVID-19 pandemic.  “The first quarter will very likely be the quarter where things began to reopen from the COVID-19 pandemic and I am once again...

GLEN ALLEN, Va. – Home Care Delivered plans to use a recent investment to increase its reach in the disposables market, says Gordy Fox, CEO and founder.  HCD, a provider of disposable medical supplies, announced in April that it had received a majority equity investment from BPOC, a Chicago-based private equity firm.  “They are bullish on the market,” he said. “This allows us to accelerate what we are doing today and dive deeper into markets that we are in...

Mastectomy boutiques are in a position to empower breast cancer survivors to live “fully and beautifully,” says Dana Donofree, founder of AnaOno, a post-mastectomy clothing designer, and a survivor herself. To do that, providers need to engage with survivors through the three pillars of marketing: commerce, content and community, she says. “View your activity through these three pillars to determine the who, the what, and the why,” said Donofree during her recent EW...

YARMOUTH, Maine – The COVID-19 pandemic delivered a significant blow to their businesses in 2020, but CPAP providers say referrals are back to nearly pre-pandemic levels and, thanks to technology, they’re in a better position now than they’ve ever been.  The relaxation of certain requirements during the public health emergency, for example, has made it easier for patients to access care through telehealth and other...

WASHINGTON – Sens. Maria Cantwell, D-Wash., and Chuck Grassley, R-Iowa, have reintroduced the Lymphedema Treatment Act with 52 co-sponsors. The bill, S. 1315, would require Medicare to pay for compression garments, bandages and supplies to reduce lymphedema-related swelling and prevent recurrence. Similar bills have been introduced in both the Senate and the House of Representatives in previous sessions of Congress. S. 518, introduced in 2019, garnered 71 co-sponsors while its companion...

ROCHESTER HILLS, Mich. – InfuSystem, a provider of infusion pump therapy and other health care services, has acquired the operating assets of OB Healthcare Corporation, a privately held, Texas-based, biomedical services company.  The acquisition complements InfuSystem’s acquisition in February of FilAMed, a biomedical services company based in Bakersfield, Calif.   “This acquisition closely follows our purchase of FilAMed, which provides remote repair...

DARIEN, Ill. — People struggling to get a good night’s sleep can now get evidence-based recommendations and tips from the American Academy of Sleep Medicine through Google’s new Sleep Sensing technology.  Available on the second-generation Nest Hub, Sleep Sensing analyzes snoring, coughing and the environment to assess how well users sleep. After learning a user's sleep habits and patterns, the device gives personalized insights and recommendations that...

GLEN ALLEN, Va. – Home Care Delivered has received a majority equity investment from BPOC, a Chicago-based private equity firm focused exclusively on the health care industry.   “There's a strong outlook for delivering quality health care in the home, and BPOC shares our vision of delivering HCD-quality service on a much larger scale with our customer-first, employee-centric culture," said Gordy Fox, CEO and founder.  The transaction is effective immediately and...

DARIEN, Ill. – Sleep medicine has proven to be a specialty that can offer complete and quality care remotely, the American Academy of Sleep Medicine says in a recently published position paper.  While the technology to remotely connect doctor and patient has been in place for years, its use was limited until the pandemic, when CMS lifted restrictions on telehealth reimbursement and private companies followed suit.  “Delivering care during the pandemic...