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Inogen sees significant growth in rental revenues 

May 5, 2021HME News Staff

GOLETA, Calif. – Inogen reported total revenues of $86.9 million for the first quarter of 2021, a 1.8% decrease from the same period last year, primarily due to the impacts of the COVID-19 pandemic, the company says.  It reported a net loss of $732,000 vs. a net loss of $1.59 million.  “While the COVID-19 pandemic continued to have an impact on our business in the first quarter of 2021, we saw sequential growth in all four channels, and sequential growth of 17.5%...

Inogen, Nabil Shabshab, oxygen concentrators


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Philips gets in front of possible safety issue 

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Philips gets in front of possible safety issue 

April 30, 2021Liz Beaulieu, Editor

CAMBRIDGE, Mass. – There’s only a “small risk” that the sound abatement foam in the first-generation DreamStation is being compromised by outside factors, including ozone cleaners, but Philips has chosen to be proactive and fix or replace these CPAP devices in the U.S., says CEO Frans van Houten.  The occurrence rate of deterioration of the foam is about 0.03%, based on internal user...

CPAP machines, DreamStation, Philips


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ResMed: ‘We have clear path to double-digit growth’ 

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ResMed: ‘We have clear path to double-digit growth’ 

April 30, 2021Liz Beaulieu, Editor

SAN DIEGO – The odds were against ResMed in a number of ways in the third quarter of fiscal year 2021, but the company expects a rebound in the next several quarters.  ResMed’s third quarter is typically slower due to insurance deductibles resetting in March, then the company faced a tough comparable – it generated $35 million in COVID-related revenues in the same quarter last year that haven’t been sustained.  “As we look further forward, we...

cpap, home respiratory equipment, Mick Farrell, ResMed


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Scottish designer wins $1M to develop smart chair

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Scottish designer wins $1M to develop smart chair

April 29, 2021Tracy Orzel

FORRES, Scotland – Phoenix Instinct was recently named the winner of Toyota’s Mobility Unlimited Challenge, a three-year long contest meant to drive innovation in the field of assistive technologies, for its intelligent ultra-light carbon fiber wheelchair. The small, Scotland-based company beat out more than 80 teams from 28 countries around the world for the title and—more importantly—the $1 million prize to further develop its Phoenix i, which continuously adjusts its own...

Phoenix Instinct


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Vendors

Philips reports possible safety issue

April 27, 2021HME News Staff

CAMBRIDGE, Mass. – Philips has determined from user reports and testing that there are possible risks to users related to the sound abatement foam used in certain of the company’s sleep and respiratory care devices.  “The risks include that the foam may degrade under certain circumstances, influenced by factors including use of unapproved cleaning methods, such as ozone, and certain environmental conditions involving high humidity and temperature,” the company stated...

CPAP device, DreamStation, Philips, safety


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Permobil to buy Progeo

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Permobil improves portfolio

April 27, 2021HME News Staff

STOCKHOLM – Permobil plans to buy Progeo, an Italian manufacturer of manual wheelchairs, to improve its portfolio in Europe.  “Progeo’s products will be available to users in more countries,” said Bengt Thorsson, CEO of Permobil. “At the same time, this deal increases the possibility to offer Permobil’s product range in Italy. This is an important step in our overall strategy of developing the next generation of advanced assistive technology and...

M&A, manual wheelchairs, permobil, Progeo


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Vendors

Medline wins Golden opportunity

April 21, 2021HME News Staff

NORTHFIELD, Ill., - Medline has been named the exclusive supply chain vendor for Indiana-based Golden LivingCenters, which operates 23 senior health care facilities.   Per the agreement, Golden Living will convert a number of product categories in its portfolio to the Medline brand to help ensure all products are clinically equivalent and to help drive standardization across Golden Living's communities for improved patient outcomes.  "We are honored...

Golden LivingCenters, medical supplies, Medline Industries


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Permobil adopts ‘branded house strategy’

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Permobil adopts ‘branded house strategy’

April 16, 2021Liz Beaulieu, Editor

NASHVILLE, Tenn. – Permobil’s significant growth over the past several years, which includes multiple acquisitions, was a big reason for the company’s recent rebrand and new website.  “As Permobil has grown both organically and inorganically, we had a need to implement a clear brand strategy, and also evolve our brand to reflect who we want to be and what we stand for going into the future,” said Chuck Witkowski, president, Permobil Americas. “Moving forward,...

complex rehab, permobil


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Joao Mendes-Roter

Vendors

Itamar on the HST boom

April 8, 2021Liz Beaulieu, Editor

ATLANTA – Itamar Medical’s Joao Mendes-Roter believes there’s a “digital revolution” happening in the home right now that will increase the percentage of sleep tests being conducted there in the long term. The percentage of sleep tests conducted in homes vs. in labs has flip flopped from 30%/70% before the pandemic to 70%/30% during the pandemic, says Mendes-Roter, vice president of digital health marketing for Itamar, which makes the WatchPAT ONE home sleep test. “We...

home sleep testing, Itamar Medical, Joao Mendes-Rotor


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Vendors

ResMed, Verily venture renamed Primasun

April 7, 2021HME News Staff

SAN DIEGO – A joint venture between ResMed and Verily to study the health and financial impacts of undiagnosed and untreated sleep apnea has been renamed Primasun.  ResMed and Verily, a subsidiary of Alphabet, first joined forces in 2018.  “We need a full night’s sleep right alongside a healthy diet and regular exercise for a strong immune system, the most energy, our best mood – in essence, to be our best selves,” said Primasun CEO Jonathon...

Primasun, ResMed, sleep apnea, Verily


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