Tag: Tariff
Trump’s tariffs: Resmed ‘well-positioned’ with exemptions, CEO says
April 25, 2025Liz Beaulieu, Editor
SAN DIEGO – Resmed says that U.S. Customs and Border Protection has confirmed that its devices will continue to be exempt from tariffs and, therefore, the company does not expect a material impact on its financial results from any new tariffs.
As of April, the ever-changing tariff landscape included a 10% general tariff on imported products and a 145% tariff on imported products from China.
“I can report that because of the fact that our products are used to treat patients...
In brief: Owens & Minor invests in DT, Samsung partners with Stanford, Alabama fights PBMs
April 11, 2025HME News Staff
RICHMOND, Va. – Owens & Minor expects to achieve greater efficiencies for its Products & Healthcare Services business and improved customer service with new investments in technology, automation and analytics.
Initial roll out will focus on two new Owens & Minor distribution centers in West Virginia and South Dakota.
“Over the past two years, our P&HS teammates have worked creatively and diligently to identify areas where technology investments, operational upgrades...
Providers expect margin squeeze
April 4, 2025Theresa Flaherty, Managing Editor
YARMOUTH, Maine – Amid all the chaos in Washington, D.C., including reorganizations and layoffs at CMS and potential Medicaid spending cuts, the administration’s far-reaching tariffs are of particular concern, say HME providers.
President Donald Trump implemented a new 10% tariff on all imported goods, no matter where they come from, on April 2, with even higher tariffs for certain countries.
“If someone were to ask me what keeps me up at night, it’s the...
Tariffs: AAH joins letter, F&P expects impact
April 3, 2025HME News Staff
WASHINGTON – AAHomecare is among 10 health care groups asking the administration to exempt medical and dental supplies, equipment and devices from tariffs in a letter to U.S. Trade Representative Jamieson Greer.
The letter was sent April 1, one day before President Donald Trump imposed numerous new tariffs, including a 10% base tariff on imports from all countries.
The letter emphasizes the potential for tariffs to raise costs and impact supply chains – ultimately...
VGM launches Tariff Tracker
March 31, 2025HME News Staff
WATERLOO, Iowa – VGM Government Relations has launched Tariff Tracker, a centralized hub for all tariff-related information. Currently, the page features a curated selection of helpful tariff tracking links, offering users quick and reliable access to essential data, it says. “This resource aims to provide our users with the tools and insights they need to stay informed and navigate tariff updates effortlessly,” VGM stated in an update. “We are committed to continuously enhancing...
In brief: AAH asks for exemption, CPAP therapy saves lives, Cigna closes MA sale
March 21, 2025HME News Staff
WASHINGTON – AAHomecare has asked the Trump Administration to exclude home medical equipment and supplies from current and proposed tariffs.
The administration in early March delayed proposed 25% tariff increases on products covered under the 2020 United States-Mexico-Canada Agreement (USMCA) until April. These potential new tariffs would join 20% tariffs on products from China that are already in effect.
Over the last two months, AAHomecare has engaged Capitol Hill on the need to exempt...
AAHomecare urges tariff exemptions
March 20, 2025HME News Staff
WASHINGTON – AAHomecare has asked the Trump Administration to exclude home medical equipment and supplies from current and proposed tariffs.
The administration in early March delayed proposed 25% tariff increases on products covered under the 2020 United States-Mexico-Canada Agreement (USMCA) until April. These potential new tariffs would join 20% tariffs on products from China that are already in effect.
Over the last two months, AAHomecare has engaged Capitol Hill...
Philips says ‘momentum’ continues for sleep business
February 28, 2025Liz Beaulieu, Editor
AMSTERDAM – With its recent clearance in France, the Sleep & Respiratory Care business at Philips can once again sell products in all countries except for the United States.
“If you talk about S&RC, indeed, the momentum is coming into that business again,” said Roy Jakobs, CEO, during a Feb. 19 conference call to discuss the company’s fourth quarter and full year financial results for 2024. “(It’s) driven by the return to the market outside of the U.S.,...
HME Home Health ‘buys Canadian’
February 6, 2025HME News Staff
RICHMOND, B.C. – In the face of possible American tariffs, HME Home Health says it supports the commitment of the British Columbia government to “buying Canadian.” “As a 100% Canadian – and B.C.-owned and operated company, HME has led the way over the past three years with moving our product sourcing to Canadian companies,” said Robert Boscacci, CEO and co-founder. “We’ve shifted our supply chain to support fellow Canadian companies, such as EMP, Evergreen,...
In brief: Owens & Minor seeks financing, F&P ‘works through’ tariffs, docs oppose cut
February 5, 2025HME News Staff
RICHMOND, Va. – Owens & Minor is raising additional debt “while capital markets are attractive” to finance its acquisition of Rotech Healthcare, the company announced Feb. 3.
The company still expects to close on the acquisition in the first half of 2025.
“Our healthy free cash flow provides the vehicle for this proposed financing, as well as helping us achieve our deleveraging goals over the next few years,” said Edward Pesicka, president and CEO of...