Tag: Home Respiratory
React Health: ‘We’re here to stay’
February 17, 2023Liz Beaulieu, Editor
SARASOTA, Fla. – After two years in which React Health got a new name and new leadership, and boosted its product portfolio with a number of sizable acquisitions, the company’s vision is starting to come together, says Clint Geffert, president of commercial operations.
Since being purchased by a group of industry investors in 2021, React Health, formerly 3B Medical, has acquired Ventec Life Systems, which makes the VOCSN ventilator; Drive DeVilbiss’ IntelliPAP line of CPAP...
F&P sees increase in home care
May 25, 2022HME News Staff
AUCKLAND, New Zealand – Fisher & Paykel reported total operating revenue of $1.68 billion for the 2022 financial year ended March 31, 2022, down 15% from the previous financial year or 14% in constant currency.
Net profit after tax was $376.9 million, down 28% or 30% in constant currency.
“Over the last two financial years we have supplied $880 million of hospital hardware, the equivalent of approximately 10 years’ hardware sales prior to COVID-19,” said...
Protech has 'robust pipeline of acquisition targets'
January 31, 2020Theresa Flaherty, Managing Editor
CINCINNATI - Protech Home Medical is poised to grow in a “fragmented and shrinking” home respiratory market, company execs said on an earnings call last week.
“Demand for services continues to rise, but the supply side is fragmented and shrinking, as significant reimbursement cuts have reduced the number of providers,” said CEO Greg Crawford. “This is an industry of scale and Protech is still at the early stages of reaping the full benefits of being one of the only...
Investors re-commit to Inogen
May 11, 2012Liz Beaulieu, Editor
SANTA BARBARA, Calif. - Five years after their initial outlay, a group of investors led by Novo A/S has decided to pump millions more into Inogen, the manufacturer and provider of the Inogen One portable oxygen concentrator (POC).Novo A/S will give Inogen $22 million in equity financing primarily to help the company pay for rental assets.“If you're growing in this business—where you have to pay for equipment upfront but Medicare pays you monthly—it just sucks down cash,” said...
Bold strategies help O2 providers breathe easier
September 26, 2011John Andrews
Respiratory providers intent on being successful in the oxygen market must be assertive when pursuing business opportunities in today's environment, which can mean making tough choices, taking new risks, and changing conventional methods. With a heavy load of regulatory and reimbursement challenges blocking the path to prosperity, providers need to formulate some bold strategies to circumvent these barriers, oxygen manufacturers say.
One approach gaining favor in the marketplace, vendors say, is...
Got questions about audits? Tom Walters has some answers
September 28, 2010Mike Moran
Tom Walters is the president of Total Office Management in Columbia, S.C. And when he says Total Office Management, he means it. Walters consults on everything related to running an office. Lately, and probably this will come as no surprise, he's been spending a lot of time helping providers do self audits. That's one way to discover if a company has its bases covered before a ZPIC, MAC, RAC or some other audit agency walks through the front door looking for trouble. I talked to Tom recently about...