Tag: Rentals
It’s ‘full speed ahead’ at Trace Medical
July 5, 2023Liz Beaulieu, Editor
WHITMORE LAKE, Mich. – Trace Medical now has both feet firmly in the biomedical services space, it has officially launched its myTrace asset tracking program and its ventilator rental business is “growing like crazy,” says Elliot Campbell.
Trace Medical began offering biomed services earlier this year with its acquisitions of Medequip Service Solutions in Arkansas and Bio-One in Michigan.
“This is our full speed ahead in the biomed space,” said...
Scootaround marks National Mobility Awareness Month
May 9, 2022HME News Staff
WINNIPEG, Manitoba – Scootaround will donate 5% of every device sold on its website to the Disabled But Not Really Foundation as part of National Mobility Awareness Month in May. The foundation promotes inclusive training and adaptive athletes, and works to improve the lives of people living with disabilities. Scootaround also recently partnered with PURE to introduce PURE sanitization vehicles to disinfect mobility rentals with enhanced hygiene procedures, eliminating passenger worry about...
1800Wheelchair launches rental service
April 25, 2022HME News Staff
NEW YORK – 1800Wheelchair, an online provider of wheelchairs and scooters, has launched Featherchairrental.com, a new rental service that allows customers in the U.S. to rent Featherchair lightweight wheelchairs, power chairs and scooters. The service is powered by loopt, an e-commerce platform that enables retailers across durable good verticals to offer their own rentals through its white label solution. “We are thrilled to be partnering with loopt to launch Featherchair Rental in the...
HandyQuip offers online marketplace for rentals
September 6, 2019HME News Staff
PONTE VEDRA, Fla. - HandyQuip is a new online marketplace designed to make it easy for people to rent medical equipment like wheelchairs, scooters, walkers and bath safety products, according to the Ponte Vedra Recorder. Stephane Poussou worked with a software engineer to design algorithms that match people with the equipment they need at a good price, but don't overwhelm them. Visitors to www.handyquip.com choose what type of equipment they need, select rental dates from a calendar and type in their...
Trace Medical, SunMED partner
April 16, 2019HME News Staff
WHITMORE LAKE, Mich. - Trace Medical and SunMED Medical Solutions have executed an exclusive long-term Network Administration Agreement to provide vent rentals to SunMED's Managed Care Organization Network, workers compensation and Medicaid customer base of more than 500 providers. “The partnership allows Trace to provide significant opportunity to our current customer base, while further distinguishing us from our competitors,” said Elliot Campbell, senior vice president of Trace Medical....
MediLogix closes on loan
November 10, 2015HME News Staff
DENVER - MediLogix has closed on a $4 million senior term loan from CapX Partners. The provider of rental DME and respiratory equipment to skilled nursing, rehab, long-term acute care facilities and hospice providers, will use the loan to buy additional equipment to fulfill its increased customer demands, according to a release. “With management focused on several key initiatives to support growth—including building and expanding its national geographic footprint, hiring and increasing...
Invacare divests rentals business
July 2, 2015HME News Staff
ELYRIA, Ohio - Invacare has sold its device rentals business for long-term care facilities.
The business, comprised of Invacare Outcomes Management and Dynamic Medical Systems, sold for $15.5 million in cash. The buyer was not disclosed.
The deal will allow Invacare, which has struggled under the weight of a consent decree with the Food and Drug Administration, to refocus on its core businesses, says Matthew Monaghan, president and CEO.
''The sale of our United States rentals businesses...
Rentals: Size up customers
January 24, 2014Jason Glass
A. One of the biggest challenges medical equipment rental businesses face is helping customers get the best equipment for their needs. It is not unusual for a customer to have a preconceived idea on the best solution for their needs prior to contacting the rental provider. A good example is the manual wheelchair. Far from being a “one-size-fits all” rental item, a manual wheelchair can feature numerous options. It is important to consider the exact needs of the person who will be...
Rentals: Consider adding rental business
November 26, 2013Jason Glass
A. Medical equipment companies are continually seeking ways to grow their business. This is true for medical equipment distributors, as well as medical supply stores.The addition of a rental option can be a viable and profitable avenue to diversify services and increase income.In addition to patients who rent medical equipment, new or expanding medical facilities often lack sufficient financing to purchase durable medical equipment and diagnostic machines; thus, they provide a market to serve...