Tag: Vent
Aveanna launches IPO
April 20, 2021HME News Staff
ATLANTA – Aveanna Healthcare Holdings, a diversified home care platform that provides respiratory therapy products and services, has launched an initial public offering of about 38.2 million shares of its common stock at an anticipated initial public offering price of $16 to $18 per share. The company also intends to grant the underwriters a 30-day option to purchase up to an additional 5.7 million shares of its common stock. Aveanna has applied to list its common stock on the Nasdaq under...
HHS ends vent contracts with Philips, Vyaire, Hamilton
September 2, 2020HME News Staff
AMSTERDAM - Royal Philips announced Monday that it has received notice from the U.S. Department of Health and Human Services that its contract to deliver 43,000 bundled EV300 ventilator configurations through December 2020 has been partially terminated.
Philips delivered 12,300 bundled vent configurations to the Strategic National Stockpile by the end of August, but it will no longer supply the remaining 30,700 Philips EV300 vents.
“To date, we have delivered on our commitments...
GM passes torch to Ventec, after completing order
September 2, 2020HME News Staff
KOKOMO, Ind. - General Motors and Ventec Life Systems delivered its 30,000th V+Pro critical care ventilator to the U.S. Department of Health and Human Services on Aug. 31.
The two companies completed the full federal order in just 154 days, completing one vent about every seven minutes.
“Our drive to put critical care ventilators into production was fueled by thousands of people at GM, Ventec and our suppliers, who all wanted to do their part to help saves lives during the pandemic,”...
ResMed sees surge in demand for vents
May 1, 2020Liz Beaulieu, Editor
SAN DIEGO - ResMed generated about $35 million in revenues from a COVID-19 related surge in demand for ventilators in the third quarter of fiscal year 2020, but that represented only 4.5% of the company's $770 million in total revenues in what was a solid quarter.
The company says it produced 52,000 invasive and non-invasive ventilators in the quarter, a three-fold increase in production.
“Our core underlying business remains robust, over and above that of the ongoing surge of demand,”...
Philips reports mixed quarterly results
April 21, 2020HME News Staff
AMSTERDAM - Philips reported sales of EUR 4.2 billion for the first quarter, a 2% comparable sales decrease.
Income from continuing operations was EUR 42 million, vs. 245 million; and adjusted EBITDA margin was 5.9% of sales vs. 8.8%.
“COVID-19 significantly affected our results in this quarter,” said Frans van Houten, CEO. “There was increased demand for our professional healthcare products and solutions, with comparable sales and order intake growth for the Connected Care...
Philips gets approval for new vent under emergency use authorization
April 15, 2020HME News Staff
AMSTERDAM - Royal Philips has introduced a ventilator, the Philips Respironics E30 ventilator, designed for large scale production. The vent can be used invasively or non-invasively, offering flexibility to adapt to treatment needs of patients with COVID-19, the company says. “The Philips Respironics E30 ventilator can deliver a range of treatment options, and we will quickly scale its production to 15,000 units per week in April,” said Frans van Houten, CEO of Royal Philips. On April...
CMS relents on vents
April 10, 2020Theresa Flaherty, Managing Editor
WASHINGTON - Getting non-invasive vents dropped from Round 2021 of competitive bidding is a big deal but there's a case to be made for delaying the entire program, industry stakeholders say.
“That's going to be a three-year stay of execution (for NIV) and I think it was appropriate given the Defense Production Act and the public comments,” said Tom Ryan, president and CEO of AAHomecare. “But we need to get the agency to postpone the program for at least a year.”
Round...
Ford, GE step up to produce vents
April 1, 2020HME News Staff
DEARBORN, Mich. - Ford Motor Company, in collaboration with GE Healthcare, will begin producing a third-party ventilator with the goal of producing 50,000 units within 100 days and up to 30,000 a month thereafter as needed.
Ford will provide its manufacturing capabilities to scale production, and GE Healthcare will provide clinical expertise and will license the current vent design from Airon Corp., a Melbourne, Fla.-based company specializing in high-tech pneumatic life support products.
“The...
AAH reports numerous updates on coronavirus and HME
March 24, 2020HME News Staff
WASHINGTON - CMS recently updated its COVID-19 FAQ to include coverage for home oxygen for patients diagnosed with the disease.
The agency is currently reviewing the NCDs and LCDs to determine if there are other regulatory barriers that can be removed during this emergency and will provide an update soon, AAHomecare reports.
Other developments, according to the association:
Performant Recovery, the DMEPOS RAC, is following CMS's COVID-19 emergency guidance and holding off on new audits....
ResMed ramps up production
March 24, 2020HME News Staff
SAN DIEGO - ResMed is looking to double or triple its output of ventilators and increase more than tenfold its production of masks, says CEO Mick Farrell.
“As a global leader in respiratory medicine, ResMed stands with the world in the face of the latest coronavirus disease COVID-19 and is ready to help mitigate its effects, helping people breathe while their immune system fights the virus,” he said in a March 23 statement. “More than 7,500 Resmedians are working in over...