Tag: Orthotics & Prosthetics (O&P)
Hanger launches investment platform
February 29, 2024HME News Staff
AUSTIN, Texas – Hanger has launched Hanger Ventures, a subsidiary designed to invest in entrepreneurs and small businesses and help bring innovative O&P health care solutions to the market.
“Hanger Ventures will enable us to provide resources typically not accessible to entrepreneurs and small businesses, collaborating from incubation to commercialization,” said Pete Stoy, CEO. “This type of collaboration enables us to be at the forefront of innovation, with...
In brief: Lincare lawsuit, UnitedHealthcare prior auths, O&P finalists
August 23, 2023HME News Staff
CLEARWATER, Fla. - Lincare has filed a lawsuit in Connecticut district court against former CEO Crispin Teufel, who plans to join competitor AdaptHealth on Sept. 1, for breach of contract, breach of duty of loyalty and misappropriation of trade secrets.
Lincare seeks a temporary restraining order, preliminary and permanent injunctive relief, damages and attorney fees.
“Since defendant’s resignation, plaintiffs have uncovered evidence demonstrating that defendant used...
In brief: AdaptHealth’s new CEO, CGM-nutrition connection, O&P bill
June 28, 2023HME News Staff
PLYMOUTH MEETING, Pa. - AdaptHealth’s board of directors has named Lincare’s Crispin Teufel as its next CEO.
Teufel, who has served as CEO of Lincare since July 2017, is expected to assume his role at AdaptHealth on Sept. 1.
“We are quite pleased to be announcing the appointment of Crispin Teufel as the next CEO of AdaptHealth,” said Richard Barasch, chairman of the board. “Crispin is the ideal candidate to lead AdaptHealth in its mission to transform...
OPGA honors ‘rising leaders’
March 6, 2023HME News Staff
WATERLOO, Iowa – Orthotic Prosthetic Group of America (OPGA) and Össur have announced the recipients of two O&P grants. Kaleigh Neely has been selected as the 2023 recipient of the Russell Walker CP, LP Emerging Leader Grant; and Abbey Senczyszyn, CPO, has been selected as the recipient of the Todd Eagen Advocacy in Action Memorial Grant. “On behalf of Össur and OPGA, we are privileged to announce Kaleigh and Abbey as the recipients of these two grants that will provide professional...
OPGA’s Miller on O&P’s alliance
February 2, 2023Theresa Flaherty, Managing Editor
Adam Miller doesn’t have a background in orthotics and prosthetics, but in his new role as president of VGM’s Orthotic and Prosthetic Group of America, he stands ready to support members in any way they need.
“They are the best in the world at providing expert clinical care to patients and doing it for the right reasons,” he said. “I can’t tell an orthotist or prosthetist how to better fit a patient, but I can sure help them when it comes to buying products...
In brief: Hanger acquired, 3M’s health care division spun off, Quipt contract secured
July 29, 2022HME News Staff
AUSTIN, Texas – Hanger, a national provider of O&P, has entered into an agreement to be acquired by Patient Square Capital, a dedicated health care investment firm, for approximately $1.25 billion.
Under the terms of the agreement, Hanger stockholders will receive $18.75 in cash per share, representing an approximate 29% premium to the 30-calendar day volume-weighted average price (VWAP) ending July 20, 2022. Upon completion of the transaction, Hanger will become a privately held company...
O&P giant Hanger to be acquired
July 28, 2022HME News Staff
AUSTIN, Texas – Hanger, a national provider of O&P, announced today that it has entered into an agreement to be acquired by Patient Square Capital, a dedicated health care investment firm, for approximately $1.25 billion.
Under the terms of the agreement, Hanger stockholders will receive $18.75 in cash per share, representing an approximate 29% premium to the 30-calendar day volume-weighted average price (VWAP) ending July 20, 2022. Upon completion of the transaction, Hanger will become...
BOC seeks nominations for Jim Newberry Award
July 19, 2022HME News Staff
OWINGS MILLS, Md. – The Board of Certification/Accreditation (BOC) is seeking nominations for the Jim Newberry Award for Extraordinary Service. The award recognizes outstanding individuals who demonstrate extraordinary service to BOC. BOC created the award in honor and remembrance of longtime practitioner, BOC board member and leader Jim Newberry, Jr., who passed away in 2016. “We look forward to receiving nominations for professionals like Jim, whose commitment to BOC is showcased through...
Cailor Fleming, VGM Specialty Underwriters team up
August 24, 2021HME News Staff
YOUNGSTOWN, Ohio – Cailor Fleming Insurance and VGM Specialty Underwriters have formed an exclusive partnership to meet the needs of members of the American Orthotic and Prosthetic Association, and the O&P and pedorthic professions. “Creating this partnership allows us to serve O&P providers in an even greater capacity,” said Don Foley, owner/operator, Cailor Fleming Insurance. “We’ve developed tailored products and coverage options for the unique needs of...
AOPA seeks ‘brightest’ professionals
July 26, 2021HME News Staff
ALEXANDRIA, Va. – The American Orthotic & Prosthetic Association seeks nominations for its Lifetime Achievement Award. The award honors outstanding leaders who have made significant contributions to the advancement of patient care in the orthotics and prosthetics profession over their lifetimes, the association says. “They represent the brightest and most influential minds in the field,” it says. “Receiving the award is the highest honor bestowed upon an individual by AOPA.”...