Tag: Home health depot
Home Health Depot pulls trigger
July 14, 2017Liz Beaulieu, Editor
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.Previously, Home Health Depot sold its complex rehab and home access businesses to National Seating & Mobility in 2014 and 2016, and its hospice business to National HME/Hospice Cloud earlier this year. NSM and National HME are both backed by PE firms.“We timed our sales around a lot of...
Home Health Depot sells to Lincare
July 12, 2017HME News Staff
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.
Nathan Feltman, a majority owner of Home Health Depot, along with business partner and friend David Hartley, told the journal that it became apparent a few years ago that it would be increasingly difficult to remain profitable as a smaller diversified company in the current market due to declining Medicare...
Sticky situation: Home Health Depot shrinks to grow
April 14, 2017Theresa Flaherty, Managing Editor
INDIANAPOLIS - By divesting Genesis Healthcare Services, Home Health Depot is getting back to basics, says Nate Feltman.HHD in February sold the Atlanta-based Genesis, a provider of HME to hospice organizations, to Richland Hills, Texas-based Hospice Cloud. In the nearly five years since HHD acquired Genesis, it doubled its patient census and added many new customers.Still, when a buyer came along and made them an offer they couldn't refuse, the provider accepted, so it could return its focus to...
Home Health Depot offloads complex rehab
December 5, 2014Tracy Orzel
INDIANAPOLIS - Home Health Depot (HHD) took the phrase, “Jack of all trades, master of none” to heart when it sold its complex rehab technology division to National Seating & Mobility.“Our company was being spread too thin,” said Nathan Feltman, president and co-owner of HHD.Over the past few years, HHD had been actively looking to expand its complex rehab technology footprint, acquiring both Medical Mobility in Indiana and Advanced Rehab Technologies in Iowa in 2012, and...
NSM makes second November buy
November 21, 2014HME News Staff
NASHVILLE, Tenn. - National Seating & Mobility (NSM) announced today that it plans to acquire the custom seating and mobility division of Indianapolis-based Home Health Depot (HHD). “HHD is a respected presence in our industry with an excellent staff and reputation,” said NSM CEO Mike Ballard, in a release. The deal adds 16 ATPs and 50 support professionals to NSM's staff. HHD branches begin operations as NSM immediately in Atlanta, Coralville and Urbandale, Iowa, Indianapolis and...
Alliance seeks to preserve presence of indie complex rehab providers
April 11, 2014Leah Hoenen
INDIANAPOLIS - How do indie complex rehab providers successfully compete against growing national companies? By banding together.Five regional providers have formed an alliance, called One Point Partners, to help them gain an edge they might not have on their own.“It seemed to me that, as an independent provider, it's a very challenging reimbursement environment,” said David Hartley, CEO of Home Health Depot, an alliance partner. “We all need to have the volume purchasing power...
Former racecar driver revs up biz
November 6, 2013Theresa Flaherty, Managing Editor
INDIANAPOLIS - After pulling back from TV advertising about four years ago, Home Health Depot is once again on the local airwaves.And this time around, it has help from former Indy racecar driver Sam Schmidt. Schmidt, who was paralyzed in a crash, is featured in the ads.“He's a well-known guy in Indiana,” said Nathan Feltman, president. “He's a current team owner for the Indy 500, so he's often on the news.”The 30-second ads, which started airing in October, help drive traffic...
In brief: Clock ticks on MPP, MAC outlines responsibilities
October 25, 2013HME News Staff
WASHINGTON - All eyes in Washington, D.C., last week may have been on the Affordable Care Act and the website that couldn't, but that didn't stop stakeholders from meeting with legislative staffers to get a sense of what the industry might accomplish before the end of the year. “We are hearing that they will be doing a fix to take care of doctors before the holidays and that's the vehicle we've been looking for to include the market pricing program (MPP),” said Seth Johnson,...
Kolacinski joins Home Health Depot
October 23, 2013HME News Staff
INDIANAPOLIS - Erik Kolacinski is the new area vice president of Home Health Depot's Complex Rehab Division, the company announced Oct. 21. Based in Atlanta, Kolacinski will oversee growth initiatives in the southern U.S. and improve customer service. “Home Health Depot presents an exciting opportunity for me to apply all of the skills that I've developed over my career,” said Kolacinski. “The company is dedicated to growth, but is also highly committed to patient satisfaction and...
Home Health Depot sees Texas as 'smart growth opportunity'
August 20, 2013HME News Staff
INDIANAPOLIS - Home Health Depot has opened a new branch location in Austin, Texas, expanding its reach to a total of six states.Initially, the new branch will focus on providing complex rehab equipment to patients in the greater Austin and San Antonio markets, according to a press release.“We continue to look for smart growth opportunities as the delivery of healthcare is quickly changing due to today's economic realities,” stated President Nathan Feltman in the release.In addition to...