Tag: MIT Holding
MIT reports first profitable quarter
August 28, 2015HME News Staff
FREDERICKSBURG, Va. - MIT Holding, which has subsidiaries in home infusion and HME services, reported its first profitable quarter for the second quarter of 2015. The company implemented a turnaround plan last year and is now looking to grow, according to a press release. “In addition to organic growth goals of 20-25% per year on existing business, we expect acquisitions and the opening of new facilities in untapped geographic locations throughout the United States,” said Tom Duncan,...
MIT completes re-org
July 17, 2014HME News Staff
FREDERICKSBURG, Va. - MIT Holding, a holding company with subsidiaries in infusion and DME services, has completed a turnaround, according to a release. The company, which eliminated millions in non-profitable revenues, says its subsidiaries are now operating with objectives of a 32% net profit. MIT now turns its attention to expansion and growth. “We have come through the re-organization with a company that now has strong, industry-respected management, and is lean and nimble enough to pivot...