Tag: Gilgal Medical
In brief: Medline’s IPO, GLP-1's expansion, DME’s ‘hidden cost,’ Nymbl’s investment
January 3, 2025HME News Staff
NORTHFIELD, Ill. – Medline has confidentially submitted a draft registration statement on Form S-1 to the U.S. Securities and Exchange Commission for a proposed initial public offering of its common stock.
The number of shares to be offered and the price range for the proposed offering have not yet been determined. The offering is subject to market and other conditions and the completion of the SEC's review process.
In 2021, Medline announced it had received outside...
Gilgal drops insurance to focus on retail
December 31, 2024HME News Staff
ORLANDO, Fla. – Gilgal Medical Supplies will no longer accept insurance for medical supplies. The decision, effective immediately, comes after years of increasing challenges associated with insurance reimbursement processes. "Providing durable medical equipment and supplies for thousands of patients has always been at the core of our mission," said Thomas Chacko, vice president. "However, the constant denials, excessive documentation requests, unnecessary audits, and recoupment...
Gilgal Medical bets on Florida and retail
July 12, 2024Theresa Flaherty, Managing Editor
ORLANDO, Fla. – Industry consolidation and low reimbursement have created a large gap in the local DME landscape in Florida, and Gilgal Medical Supplies sees that as a “big opportunity,” says Tom Chacko, vice president and one of the company’s owners.
The company launched in 2020 amid the COVID-19 pandemic, opening its first store in St. Cloud in the location of a DME that was closing. Six months later, it opened a second location in Orlando in the location vacated...
Gilgal Medical opens multiple locations in Florida
June 24, 2024HME News Staff
ORLANDO, Fla. – Gilgal Medical Supplies has expanded to multiple cities across Florida to address the growing demand for reliable DME providers in the state, it says. The locations are in Miami, Jacksonville and Tampa. "We recognize the significant gap in the availability of durable medical equipment in Florida, and we are committed to filling that void," said Sainty Chacko, CEO of Gilgal Medical Supplies. "Our mission is to improve the quality of life for our customers by providing...