Tag: Casey Hoyt
Viemed ‘earns trust,’ sees growth
November 7, 2024HME News Staff
LAFAYETTE, La. – Viemed Healthcare reported revenues of $58 million for the third quarter of 2024, an increase of 17.4% year over year and an increase of 5.5% sequentially.
The company increased its ventilator patient count by 11% sequentially to 11,374 and increased its sleep therapy patient count by 11% sequentially to 19,478.
“Viemed continues to earn a trusted place in the home with our high-touch, technology-enabled clinical approach to delivering complex respiratory...
Viemed: Vents, sleep performing well
August 9, 2024Theresa Flaherty, Managing Editor
LAFAYETTE, La. – Viemed Healthcare is selling back a “large number” of its aging ventilator fleet that was affected by a recall and will use the capital to buy new equipment at a cost advantage, company execs said.
During the second quarter, Viemed sold back approximately 15% of its vent fleet to Philips, which began offering a buyback program for Trilogy that had been subject to a recall.
“The recent Philips recall of these older machines has presented...
Viemed broadens strategy
May 10, 2024Theresa Flaherty, Managing Editor
LAFAYATTE, La. – Viemed Healthcare’s integration of HMP is “hitting its stride,” helping the company build out a more diversified product offering, says CEO Casey Hoyt.
Viemed closed on its acquisition of Tennessee-based Home Medical Products, Inc., a large regional provider of respiratory focused home medical solutions in June 2023. That deal, and a recent joint venture with East Alabama Health that gave Viemed a controlling interest in East Alabama HomeMed, provides...
Viemed fortifies sales force
March 8, 2024Theresa Flaherty, Managing Editor
LAFAYETTE, La. – Viemed kicked off 2024 with a restructured sales force to boost ongoing organic growth, company execs said on a recent call to review fourth quarter and full-year 2023 financial results.
The company recently transitioned to a training and management infrastructure that takes a more localized approach, creating multiple territory sales manager and national sales directorship promotions, said Casey Hoyt, CEO.
“This expansion and fortification of our team...
Viemed excels at balancing act
August 11, 2023Theresa Flaherty, Managing Editor
LAFAYETTE, La. – Viemed Healthcare is already seeing gains from its recent acquisition of Home Medical Products and the company is “orchestrating the next chapter of its growth story,” said CEO Casey Hoyt.
Viemed finalized the acquisition of Tennessee-based HMP on June 1 and has worked diligently to integrate its operations and employees, Hoyt says.
“We closed the deal and had our team up at their offices the following week and training their folks on how...
Viemed leverages tailwinds
August 10, 2023HME News Staff
LAFAYETTE, La. – Viemed reported core net revenues of $43.3 million for the second quarter 2023, an increase of 31% compared to one year ago and a new company record.
Net income for the quarter totaled $2.3 million, including approximately $2.5 million of revenues related to its acquisition of Home Medical Products, which it completed June 1. Adjusted EBITDA totaled $9.8 million.
“We find ourselves in an exceptional position, leveraging the prevailing tailwinds in the...
Viemed ramps up M&A, eyes MA plans
May 12, 2023Theresa Flaherty, Managing Editor
LAFAYETTE, La. – M&A and MA were hot topics during a recent Viemed earnings call, as company execs outlined what they see as key opportunities for growth going forward.
Viemed’s recently announced acquisition of Tennessee-based Home Medical Products, a large regional provider of respiratory solutions, kicks off the company’s acquisition growth initiatives – a priority for the year ahead, say execs. HMP, which currently serves more than 44,000 patients in Tennessee,...
Viemed to acquire HMP
April 18, 2023HME News Staff
LAFAYETTE, La., - Viemed Healthcare, Inc. will acquire Tennessee-based Home Medical Products, Inc., a large regional provider of respiratory focused home medical solutions.
“We are incredibly excited to complement our strong history of organic growth by combining great teams through accretive transactions” said Casey Hoyt, Viemed CEO. “The purchase of HMP will launch our acquisition growth initiatives with a stellar organization that has an extraordinary reputation with...
Viemed 'reaping the benefit’ of diverse model
March 10, 2023Theresa Flaherty, Managing Editor
LAFAYETTE, La. – Viemed Healthcare’s various lines of business are “clicking on all cylinders,” as the company seeks to ramp up organic growth, say execs.
To do that, Viemed is further diversifying its product offerings and reducing its reliance on ventilators. In the fourth quarter of 2022, vents comprised approximately 66% of the company’s core revenue vs. 76% in the fourth quarter of 2021.
“Staffing is rolling, CPAPs are rolling, oxygen's...
Viemed in 'strong position'
March 3, 2023HME News Staff
LAFAYETTE, La. – Viemed Healthcare reported net revenue of $37.5 million for the fourth quarter, a 30% increase over the same quarter in 2021, and $138.8 million for full year 2022.
Net income for the quarter and year totaled $2.4 million and $6.2 million, respectively. Adjusted EBITDA totaled approximately $9.3 million and $30 million, respectively.
“Our favorable resolution of the OIG matter, debt free balance sheet and access to $90 million of additional liquidity...