Also Noted

NovaSom obtains financing

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07/09/2014

DURAM, N.C. – NovaSom has secured a $7.5 million line of credit from Square 1 Bank to further its foothold in the sleep market.

Pain device gets OK in Canada, eh

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07/09/2014

BILLINGS, Mont. – ExcelHealth has received approval to sell its TENS device, the iRelieve Pain Management System, in Canada. The device offers safe, drug-free pain management, according to a release.

Moneyline: Altius, ResMed

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07/08/2014

Altius Healthcare, a provider of home infusion and specialty infusion services, has been acquired by Amerita, a wholly owned subsidiary of PharMerica Corp.

HME revenues, profits to decline, report says

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07/08/2014

NEW YORK – The HME industry has a lot going for it, including a rapidly aging population, but that may not be enough to offset increased Medicare and Medicaid regulations, according to a new report from IBISWorld.

Big belly? You’re at increased risk of developing COPD, study says

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07/08/2014

YARMOUTH, Maine – Obesity, especially excessive belly fat, is a risk factor for chronic obstructive pulmonary diseases (COPD), according to an article in the Canadian Medical Association Journal.

Drive Medical, SP Industries make acquisitions

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07/03/2014

YARMOUTH, Maine – The HME industry saw a spurt of M&A activity this week, with Drive Medical buying Medquip, and SP Industries buying Bel-Art Products, the parent company of Maddak.

BOC to update pedorthist exam

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07/03/2014

OWINGS MILLS, Md. – The Board of Certification/Accreditation (BOC) and its testing vendor recently convened subject matter exports to collaborate on a BOC Pedorthist Job Task Analysis, according to a release.

Review finds 70% error rate for VEDs

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07/03/2014

INDIANAPOLIS – In a first quarter 2014 widespread payment review of vacuum erection devices (VEDs), National Government Services examined 67 claims and denied 47, for an error rate of 70%, according to a release.

Hasco Medical exits HME

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07/02/2014

ADDISON, Texas, and OCALA, Fla. – Hasco Medical has sold its Certified Medical business so that it can focus on its mobility vehicle business, it announced today.

Medtrade sessions prep providers

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07/02/2014

ATLANTA – Medtrade will offer a new “niche market” track at this year’s show. The six educational sessions address home modifications, ventilation services, support surfaces and therapeutic shoes.

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