Tag: Quipt Home Medical
In brief: Quipt sees ‘pivotal year,’ Optum Rx aligns payments, KFF analyzes potential Medicaid cuts
March 26, 2025HME News Staff
CINCINNATI – Quipt Home Medical plans to return to historical levels of organic growth, optimize capital allocation and build a scalable health care ecosystem through M&A as part of a new strategic plan.
The plan follows the company’s annual general meeting of shareholders on March 17.
“2025 marks a pivotal year for Quipt as we double down on our commitment to augment organic growth and prioritize a disciplined capital allocation strategy while maintaining strong...
Quipt sees 2025 as ‘pivotal year’
March 24, 2025HME News Staff
CINCINNATI – Quipt Home Medical plans to return to historical levels of organic growth, optimize capital allocation and build a scalable health care ecosystem through M&A as part of a new strategic plan.
The plan follows the company’s annual general meeting of shareholders on March 17.
“2025 marks a pivotal year for Quipt as we double down on our commitment to augment organic growth and prioritize a disciplined capital allocation strategy while maintaining strong...
In brief: Quipt Home Medical cooperates, Bellevue Healthcare grows, Tennr hires expert
March 5, 2025HME News Staff
CINCINNATI – Quipt Home Medical says David Kanen, Philotimo Fund and Kanen Wealth Management have agreed to withdraw their notice to solicit proxies in support of four director candidates in opposition to those recommended by the company.
As part of a new cooperation agreement, the company's board of directors has granted Kanen certain board access rights for as long as Kanen maintains aggregate beneficial ownership of at least 3.5% in the company’s outstanding shares. This...
Quipt, Kanen announce cooperation agreement
March 4, 2025HME News Staff
CINCINNATI – David Kanen, Philotimo Fund and Kanen Wealth Management have agreed to withdraw their notice to solicit proxies in support of four director candidates in opposition to the candidates recommended by Quipt Home Medical.
As part of a new cooperation agreement, the company's board of directors has granted Kanen certain board access rights for as long as Kanen maintains aggregate beneficial ownership of at least 3.5% in the company’s outstanding shares. This...
Quipt: ‘We’ve got a lot of levers that we’re pulling’
February 12, 2025Theresa Flaherty, Managing Editor
CINCINNATI – Quipt Home Medical is focusing on “steady progress” in the face of several headwinds, including an expected $3 million annual impact from the expiration of 75/25 blended Medicare reimbursement rates.
The company, which seeks to return to 8% to 10% organic growth rate in 2025, has also been impacted by the withdrawal of Medicare Advantage members due to a capitated agreement with other providers and a discontinued disposable supply contract.
“It’s...
Quipt: Results reflect ‘tangible progress’
February 11, 2025HME News Staff
CINCINNATI – Quipt Home Medical has reported revenue of $61.4 million for the first quarter of fiscal year 2025, a 2% increase compared to the same period last year. The company says its revenue was reduced by about $1.5 million for the three months ended Dec. 31, 2024, vs. the same period in 2023 due to:
Discontinued 75/25 blended Medicare reimbursement rates for certain areas
Withdrawal of Medicare Advantage members due to a capitated agreement with other providers
Discontinued...
In brief: Quipt ‘evaluates’ opposition, Henry Schein gets funding, Estrella steps up
January 31, 2025HME News Staff
CINCINNATI — Quipt Home Medical has acknowledged receiving notice from Philotimo Fund, an entity affiliated with Kanen Wealth Management and David L. Kanen, of its intent to solicit proxies in support of four director candidates in opposition to the company’s candidates.
The company says its board and the Nominating and Corporate Governance Committee of the board will thoroughly review and evaluate KWM’s notice and any additional requests for compliance with its established...
Quipt ‘evaluating’ opposition to board candidates
January 31, 2025HME News Staff
CINCINNATI — Quipt Home Medical has acknowledged receiving notice from Philotimo Fund, an entity affiliated with Kanen Wealth Management and David L. Kanen, of its intent to solicit proxies in support of four director candidates in opposition to the company’s four candidates.
The company says its board and the Nominating and Corporate Governance Committee of the board will thoroughly review and evaluate KWM’s notice and any additional requests for compliance with its established...
Investor to oppose Quipt board nominees
January 29, 2025HME News Staff
NEW YORK – Philotimo Fund, LP, an entity affiliated with Kanen Wealth Management, LLC and David L. Kanen filed notice with the U.S. Securities and Exchange Commission on Jan. 25 that it intends to oppose Quipt Home Medical’s four director candidates to the board and solicit proxies in support of four other director candidates. Philotimo stated its intention to solicit proxies for the election of Selim Bassoul, Jack Feidor, Garrett Larson and Edward Smith as nominees to be elected to the...
Quipt misses target but ‘optimistic’
December 18, 2024Theresa Flaherty, Managing Editor
CINCINNATI – Quipt Home Medical has made organic growth a top priority in fiscal year 2025, after it missed its target of 8% to 10% in fiscal year 2024, company execs say.
The company reported year-over-year organic growth of just 3% for FY 2024, amid industry-wide headwinds, including a $5 million revenue hit related to the expiration of the 75/25 Medicare blended reimbursement rates on Jan. 1, 2024, and the loss of Medicare Advantage members due to a capitated agreement between...