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Tornado forces rebuild, rethink

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08/21/2020

HERMITAGE, Tenn. – Provider Kevin Brown was hit with a double whammy in early March, when a deadly tornado struck the Nashville area, just as the COVID-19 pandemic began to take hold.

Protech reports double-digit increases in its customer base

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08/19/2020

CINCINNATI – Protech Home Medical reported revenue of $25.9 million for the third quarter of 2020, a 28% increase compared to the same period last year and a 7% increase from the previous quarter.

Protech works to build NIV business

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08/12/2020

CINCINNATI – Protech Home Medical has executed a non-binding letter of intent to acquire a private respiratory company in the Midwest reporting unaudited trailing annual revenues of about $5 million, positive adjusted EBITDA and positive net income.

AdaptHealth sees ‘permanent shift up’ on resupply rates

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08/07/2020

PLYMOUTH MEETING, Pa. – AdaptHealth executives don’t expect volume for new CPAP setups to return to pre-pandemic levels in 2020, but they say that’s largely offset by its strong resupply business.

Bill paying: Don’t set it and forget it

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08/03/2020

WATERLOO, Iowa – With an estimated 60% of DME patients walking out the door without making any sort of a payment, Jennifer Leon says it’s time for a shift in thinking.

Providers who wear capes: Free lunch, diapers and a really big giveback

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07/31/2020

YARMOUTH, Maine – HME providers have stepped up in acts both big and small to prove the COVID-19 pandemic has also brought out the best in people. 

OJ Medtech/Charm Medical buys into respiratory market

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07/28/2020

ISLIP, N.Y. – OJ Medtech/Charm Medical Supply has acquired PRO2 LLC, an oxygen and CPAP supply company that operates two locations in Buffalo, N.Y., and serves more than 10,000 patients annually.

SuperCare, Optum collaborate on telemonitoring

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07/23/2020

DOWNEY, Calif. – SuperCare Health has collaborated with Optum to create a COVID-19 telemonitoring program that allows asymptomatic patients to be monitored and to recover in their homes, avoiding unnecessary hospitalizations.

DME owner pleads guilty in latest brace fraud case

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07/16/2020

SAVANNAH, Ga. – Patrick Wolfe, operator of Wilmington Island Medical in Georgia, pleaded guilty to one count of conspiracy for his role in a scheme in which he paid kickbacks in return for leads for DME like orthotic braces and then billed Medicare Part B for the items.

Pandemic speeds up consolidation

But deals are taking longer to close, analysts say
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07/10/2020

YARMOUTH, Maine – After briefly hitting the pause button in March when “the world turned upside down,” buyers and sellers are back at the table, say M&A analysts.

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