Tag: Reorganization
Invacare’s reorg approved
May 4, 2023HME News Staff
ELYRIA, Ohio – Invacare’s Chapter 11 plan for reorganization was approved by the U.S. Bankruptcy Court for the Southern District of Texas on April 28, according to a Form 8-K filed on May 2.
For a summary of the material terms of the plan as approved and confirmed by the court, go here.
Invacare and two of its U.S. subsidiaries filed voluntary petitions under Chapter 11 of the U.S. Bankruptcy code on Jan. 31 as part of a plan to reduce debt by about $240 million.
In...
PlayMaker promotes Gregg Boyle to CEO
February 5, 2020HME News Staff
NASHVILLE, Tenn. - PlayMaker Health has performed a strategic reorganization that will better position the company to capitalize on the rapidly evolving post-acute health care landscape. John Griscavage, who has served as CEO since 2014, will become executive chairman, focused on driving organizational strategy and growth initiatives. Gregg Boyle, vice president of engineering, has been promoted to CEO; and Holly Miller, vice president of sales and marketing, has been promoted to chief revenue officer....
Convaid, R82 combine sales efforts
May 3, 2016HME News Staff
TORRANCE, Calif. - The sales and marketing teams at Convaid and R82 have been combined, Chris Braun, president of Etac North America, announced in a recent letter to partners. Convaid sold to Etac AB in 2015. Etac offers products for the pediatric market through its R82 brand. “I am happy to announce that as of May 1, 2016, we are combining the R82 and Convaid sales and marketing teams to bring you one premium pediatric product line to support your customers with the broadest offering to provide...
In brief: LMI hammers out reorg, CMS updates error rate
October 4, 2013HME News Staff
MOUNT VERNON, N.Y. - Landauer Metropolitan Inc. (LMI) will continue to operate businesses in nine states and accept new patients as it works with secured lender Quadrant Management to reorganize, the company announced Oct. 1. LMI hopes to emerge from Chapter 11 bankruptcy protection by the end of this year, according to the news release. It filed for bankruptcy in August, citing reduced revenue related to competitive bidding. Quadrant Management owns several HME suppliers in New Jersey, Pennsylvania...
With breathing space, Rotech prepares to execute
October 4, 2013Theresa Flaherty, Managing Editor
ORLANDO, Fla. - Rotech Healthcare emerged from Chapter 11 bankruptcy Sept. 27, and it isn't looking back.The company plans to evolve with the industry, says CEO Steve Alsene.“Reimbursement and continued qualification of patients is more complicated,” he said. “That takes a lot of coordination and additional work nowadays. We are making sure we are good and tight, and making sure we get reimbursed for the services we provide.”Under the reorganization plan, approved in August,...
LMI announces reorganization plan
October 1, 2013HME News Staff
MOUNT VERNON, N.Y. - Landauer Metropolitan Inc. (LMI) will continue to operate businesses in nine states and accept new patients as it works with secured lender Quadrant Management to reorganize, the company announced Oct. 1. LMI hopes to emerge from Chapter 11 bankruptcy protection by the end of this year, according to the news release. It filed for bankruptcy in August, citing reduced revenue related to competitive bidding. Quadrant Management owns several HME suppliers in New Jersey, Pennsylvania...