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Tag: AdaptHealth


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Synapse taps former AdaptHealth exec for COO role

February 19, 2025HME News Staff

SKOKIE, Ill. - Synapse Health has appointed Shaw Rietkerk as COO to lead the company’s core operations and revenue cycle management. Previously, he served as COO of AdaptHealth, where he was instrumental in the company’s rapid growth by optimizing operations and RCM through technology implementation and process improvement. At Adapt, he was also a supplier partner in Synapse’s initial risk-based model launch, gaining firsthand insight into how Synapse can strengthen suppliers in...

AdaptHealth, Shaw Rietkerk, Synapse Health


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In brief: Owens & Minor seeks financing, F&P ‘works through’ tariffs, docs oppose cut

February 5, 2025HME News Staff

RICHMOND, Va. – Owens & Minor is raising additional debt “while capital markets are attractive” to finance its acquisition of Rotech Healthcare, the company announced Feb. 3.  The company still expects to close on the acquisition in the first half of 2025.  “Our healthy free cash flow provides the vehicle for this proposed financing, as well as helping us achieve our deleveraging goals over the next few years,” said Edward Pesicka, president and CEO of...

AdaptHealth, Fisher & Paykel Healthcare, Owens & Minor, Soleo Health, Tariff, United Spinal


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Dan Bunting

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AdaptHealth announces Bunting’s return 

February 3, 2025HME News Staff

PLYMOUTH MEETING, Pa. – AdaptHealth has announced that Dan Bunting has officially rejoined the company as senior vice president, business development, to focus on opportunities with large payers and health systems, strategic mergers and acquisitions, and key partnerships. He previously served as COO and adviser to CEO Suzanne Foster. "It's no secret that Dan is one of the most knowledgeable and experienced leaders in HME," Foster said. "He also has an unrivaled network of...

AdaptHealth, Dan Bunting


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In brief: MSC makes buy, specialty meds require more care, AdaptHealth names new exec 

December 3, 2024HME News Staff

CLEVELAND – Medical Service Company has acquired Carle Medical Supply, a DME provider supporting Carle Health patients in central Illinois.  “Like so many other health care systems, Carle identified that value and impact that DME has on a patient’s hospital discharge experience,” said Josh Marx, CEO of MSC. “Although a small part of the care continuum, when done well, discharge speed accelerates and patient satisfaction increases. Through MSC’s investments...

AdaptHealth, Home Infusion, Medical Service Company


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AdaptHealth names chief commercial officer 

December 3, 2024HME News Staff

PLYMOUTH MEETING, Pa. – AdaptHealth has appointed Russell Schuster chief commercial officer to oversee commercial strategy and revenue generation for the company. Most recently, Schuster served as president of Cardinal Health Canada and, prior to that, served in progressive roles within investment banking and M&A at Lehman Brothers, Barclays Capital and Republic Services. “We are thrilled to welcome Russ to the AdaptHealth team,” said Suzanne Foster, CEO. “Russ’s experience...

AdaptHealth, Chief Commercial Officer (CCO), Russell Schuster


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Suzanne Foster

Providers

AdaptHealth targets diabetes business for improvement

November 8, 2024Theresa Flaherty, Managing Editor

PLYMOUTH MEETING, Pa. – AdaptHealth CEO Suzanne Foster is doubling down on efforts to turn around the company’s struggling diabetes business, saying it was “worse” than she initially thought it was.  The product category, which makes up 17% of the AdaptHealth’s revenues, declined 11.8% during the third quarter, following a worse than expected performance during the second quarter.  “Following last quarter's results, I turned my attention to...

AdaptHealth, Diabetes, Home Medical Equipment (HME), Suzanne Foster


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In brief: AdaptHealth’s static revenue, bid program’s impact, AOM’s Western expansion 

November 6, 2024HME News Staff

PLYMOUTH MEETING, Pa. – AdaptHealth reported third quarter net revenue of $805.9 million compared to $804 million, an increase of 0.2% year over year.  Net income attributable to AdaptHealth was $22.9 million vs. a net loss of $454.1 million. Adjusted EBITDA was $164.3 million vs. $161.2 million, an increase of 1.9%  “I continue to be optimistic about the road ahead,” said Suzanne Foster, CEO. “We have identified growth opportunities, we are assembling a high...

AdaptHealth, AOM Infusion, Competitive Bidding, Financial Results, Home Infusion


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AdaptHealth’s revenues are static in Q3 

November 5, 2024HME News Staff

PLYMOUTH MEETING, Pa. – AdaptHealth reported third quarter net revenue of $805.9 million compared to $804 million, an increase of 0.2% year over year.  Net income attributable to AdaptHealth was $22.9 million vs. a net loss of $454.1 million. Adjusted EBITDA was $164.3 million vs. $161.2 million, an increase of 1.9%  “I continue to be optimistic about the road ahead,” said Suzanne Foster, CEO. “We have identified growth opportunities, we are assembling a high...

AdaptHealth, Financial Results


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Sheehan to help lead AdaptHealth’s diabetes biz 

October 28, 2024HME News Staff

PLYMOUTH MEETING, Pa. – Gary Sheehan has started a new role at AdaptHealth as general manager, senior vice president, of diabetes. “I am looking forward to working with the diabetes team and across the enterprise to grow this critical product category,” he wrote in a post on LinkedIn. “This is an exciting next step for me within Adapt. I am very excited about the team being assembled and our collective focus on service, growth and winning. The HME industry remains at an exciting...

AdaptHealth, Diabetes, Gary Sheehan


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In brief: AdaptHealth board, Heartland speakers, orthotics allowables

October 23, 2024HME News Staff

PLYMOUTH MEETING, Pa. – AdaptHealth has appointed Diana Nole, who has 18 years of senior leadership experience in the health care AI and IT industries, to its board of directors. She most recently served as the executive vice president and general manager of the health care division of Nuance Communications, a Microsoft Cloud and AI company that provides AI driven clinical documentation creation, clinical revenue cycle integrity and diagnostic radiology cloud solutions to the global health...

AdaptHealth, Heartland Conference, Orthotics, Tennr, Withings Health


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