Tag: Orthotics
Mable Health buys DP&O
September 10, 2024HME News Staff
HALIFAX, Nova Scotia – Mable Health has acquired Whitby, Ontario-based Design Prosthetics and Orthotics, further strengthening its presence in area and along the 401 corridor. Under the terms of the acquisition, DP&O shareholders will become shareholders of Mable Health and will continue to provide advanced prosthetic and orthotic services from their current location. "The acquisition of DP&O represents a key milestone in our Ontario platform,” said Michel Lanctôt, president...
PE firm acquires orthotics platform
September 4, 2024HME News Staff
NEW YORK – The Bansk Group, a private equity firm, has acquired Foundation Wellness, a consumer health and wellness platform that includes specialty orthotics brands and footcare solutions designed to relieve pain and enhance comfort and performance. Headquartered in Wadsworth, Ohio, Foundation Wellness brands include PowerStep, Currex, Foot Petals, Flat Socks and Doctor Hoys. "As we see consumers increasingly focus on health, wellness and fitness, along with an aging U.S. population seeking...
OPGA names finalists for Woman of the Year Award
August 13, 2024HME News Staff
WATERLOO, Iowa – The Orthotic and Prosthetic Group of America has announced the four finalists nominated for the 2024 O&P Woman of the Year Award.
The finalists are:
Dr. Justina Appel, PhD, CO, BOCP, LPO, clinical specialist with NuTech Synergies;
Jenna Calomeris, vice president of sales with ThorWear, DBA Elevate Movement;
Dr. Sara Peterson, PhD, L/CPO, FAAOP(D), clinical research scientist/certified prosthetist orthotist (CPO) with O&P Clinical Innovations; and
Sheryl Sachs,...
Chris Casteel: ‘If you want to salsa dance, you have to put the work in’
August 2, 2024Theresa Flaherty, Managing Editor
DETROIT – Certificant of the Year Chris Casteel, a former machinist and plant manager, “jumped naively” into his career as an O&P professional, but in the two decades since, he’s used his experience, as both an amputee and a health care professional, to help others.
“I had gotten laid off, so I thought, ‘Ok, let’s make people parts instead of car parts,’” said Casteel BOCO, BOCP, co-owner of Anew Life Prosthetics and Orthotics, who was...
Hanger Ventures makes debut investment
July 22, 2024HME News Staff
AUSTIN, Texas – Hanger Ventures, a subsidiary of Hanger whose primary goal is to advance orthotics and prosthetics innovation and improve patient outcomes, has made its debut investment in Bionic Power. Canadian-based Bionic Power, developer of active lower body smart orthotic devices that enhance personal mobility, is raising Series A funding, with Hanger Ventures committing as the lead investor. “We look forward to contributing clinical research, along with technical and commercial...
AOPA announces award recipients
July 18, 2024HME News Staff
ALEXANDRIA, Va. – The American Orthotic and Prosthetic Association (AOPA) has announced the recipients of the 2024 Howard R. Thranhardt Award are Andreas Kannenberg, MD (GER), PhD, Shane Wurdeman, PhD, CP, FAAOP (D), Tyler Klenow, MSPO, MBA, CPO, FAAOP, and Russell Lundstrom, MS. The award, established in 1996 through a gift from J.E. Hanger in memory of Howard R. Thranhardt, CP, has become one of the most distinguished honors in the orthotics and prosthetics profession, annually recognizing...
Chiropractor admits to $14.9M Medicare scam
July 1, 2024HME News Staff
NEWARK, N.J. - A Georgia chiropractor who owned or operated multiple DME companies and a cancer genetic testing (CGx) company has admitted her role in a health care fraud and illegal kickback conspiracy. Tefylon Cameron, 57, of Powder Springs, Ga., pleaded guilty on June 20, 2024, before U.S. District Judge Michael E. Farbiarz in Newark federal court to an information charging her with conspiracy to commit health care fraud and conspiracy to violate the Federal Anti-Kickback statute. According to...
In brief: ResMed buys remote monitoring company, investor funds nat’l rollout for orthotics
June 5, 2024HME News Staff
HARROGATE, United Kingdon – Inhealthcare, which provides remote monitoring and virtual wards to support the treatment of 4 million patients across the U.K., has been bought by ResMed, according to TheBusinessDesk.com, a regional business news website. “By joining forces, we will be able to expand service offerings, scale operations and extend impact on patient care throughout the U.K.,” Inhealthcare CEO Bryn Sage told TheBusinessDesk in a statement. Inhealthcare generated revenues...
SeaFort helps fund rollout of nat’l platform for orthotics
June 4, 2024HME News Staff
HALIFAX, Nova Scotia – SeaFort Capital has made a majority investment in The Médicus Group which represents Mable Health’s first investment in the orthotics, prosthetics and mobility aids industry. Mable Health acquired Médicus from Metro and the Bleau family. “We are very excited to be partnered with SeaFort Capital and to support the growth of the Mable Health business,” said Michel Lanctôt, a general manager at Medicus who will now serve as president...
In brief: Orthotics fraud, Medicare Advantage data, Kalogon seed
May 31, 2024HME News Staff
WASHINGTON – The Office of Inspector General says there are still issues related to CMS’s oversight of off-the-shelf braces, including providers that ordered braces for enrollees for whom there was no history of a treating relationship.
The OIG also found new suppliers located in geographic areas with known Medicare fraud; Medicare paid more than private payers for OTS braces; and suppliers used prohibited solicitation to contact enrollees.
“These issues continue...