INDIANAPOLIS – With the economy humming and private equity money flowing, Home Health Depot’s Nate Feltman says the time was right to sell the last of the company’s business to Clearwater, Fla.-based Lincare.
INDIANAPOLIS – It began shedding business segments three years ago and now Home Health Depot has sold what’s left to Clearwater, Fla.-based Lincare, according to the Indiana Business Journal.
Business is booming for two HME providers who focus on retail.
“Year to year, we are running 15% over last year,” says Wayne Slavitt, founder & CEO of Mobul in Long Beach, Calif. “Relying on the insurance model is yesterday’s news.”
MURFREESBORO, Tenn. – TwelveStone Health Partners, a provider of pharmacy, infusion and enteral, respiratory and DME services, has secured $3.35 million in funding from Nashville, Tenn.-based private-equity firm Claritas Capital.
YARMOUTH, Maine – A recent ransomware attack on healthcare organizations in more than a dozen countries served as reminder to HME providers of the importance of investing in cyber security.
SCHERERVILLE, Ind. – Provider George Kucka launched his first HME company in 1985. By 1990 or so, it was obvious that if he wanted to depend on the entitlement program as a source of revenue he would have to stay on top of things.