PHM names Mastrovich CEO

KENT, Wash. – Performance Home Medical has named Larry Mastrovich, who has served as PHM chairman since January 2024, as CEO.  

Mastrovich brings three decades of leadership, operations, sales and marketing, and strategic transaction experience to the company. For more than 25 years, he worked at Apria Healthcare, most recently as president and COO. Prior to joining PHM, he served as president and CEO of Breathe Technologies, a medical device manufacturer for respiratory products specializing in ventilation and sleep apnea solutions. 

“I am excited to step into the CEO role at this pivotal point in PHM’s evolution,” said Mastrovich. “PHM has served its core sleep apnea patient base meaningfully for over two decades, and I look forward to building upon this foundation to continue improving outcomes while supporting patients to address chronic care disease management. With the support of the talented PHM team and Grant Avenue, we will continue to expand the business across new geographies, products, and services.” 

Mastrovich’s appointment follows an investment from Grant Avenue Capital, a healthcare-focused private equity firm, earlier this year. 

“The home medical equipment market plays a crucial role in shifting the site of care to the home, when clinically appropriate and beneficial to the patient,” said Brian Berkin, partner at Grant Avenue Capital. “Although over 30 million Americans have sleep apnea, only a portion are diagnosed and receiving care. We are confident that under Larry’s leadership, PHM will be well-positioned to grow its access to patients who are out of reach from home-based solutions today.”