Tag: Vents
In brief: Medline acquisition, BOC honor, Brightree integration
May 21, 2021HME News Staff
NORTHFIELD, Ill. – Medline plans to acquire a significant portion of the Hudson RCI brand of respiratory products from Teleflex, in a bid to strengthen its offerings in light of the COVID-19 pandemic.
Hudson RCI’s oxygen and aerosol therapy, active humidification and pulmonary hygiene products will complement Medline’s respiratory portfolio; will add two manufacturing facilities in Arlington Heights, Ill., and Nuevo Laredo, Mexico; and will add 1,000 employees.
“Hudson...
CMS's next step on vents is unclear
August 7, 2020Theresa Flaherty, Managing Editor
WASHINGTON - It was a first step, but CMS has more homework to do before it moves to establish a new national coverage determination for non-invasive positive pressure ventilation, say the members of the Medicare Evidence Development and Coverage Advisory Committee. The members met virtually on July 22 to discuss clinical data to better define COPD patients who could benefit from NIPPV, usage criteria and equipment parameters, say industry stakeholders who listened in on the call. “For me,...
Viemed Healthcare increases guidance
April 8, 2020HME News Staff
LAFAYETTE, La. - Viemed Healthcare now expects 2020 net revenues to be about $23.7 million to $23.9 million as a result of increased sales of ventilators.The company is fulfilling ventilation orders in the more severely COVID-19 impacted areas of Louisiana and New York, and anticipates fulfilling a larger amount of orders during the second quarter.“We recognize that being one of the largest home-based ventilator companies in the country puts us in a unique position to help with the current...
Viemed grows vent base by 31% in Q4
March 4, 2020HME News Staff
LAFAYETTE, La. - Viemed Healthcare reported net revenues of $21.4 million for the quarter ended Dec. 31, 2019, a 30% increase over revenue less bad debt expense reported for the comparable quarter in 2018.Net income was $2.4 million, a 20% decrease.Viemed reported net revenues were $80.3 million for 2019, a 38% increase compared to 2018. Net income was $8.5 million, a 10% decrease.The company says it grew its ventilator patient base by about 31% in the quarter year over year, and 5% compared to the...
Viemed bolsters growth plans
November 8, 2019Theresa Flaherty, Managing Editor
LAFAYETTE, La. - Viemed Healthcare has racked up new payer contracts and added multi-function ventilators to its product portfolio, as it pushes to have a larger presence nationwide.With only a fraction of the estimated 25 million Americans with COPD diagnosed, there's significant growth potential for a provider like Viemed, says CEO Casey Hoyt.“Our country has to embrace home-based providers to prepare for the masses of patients headed our way,” he said during a recent conference call...
Quality Medical Group, at your service
October 7, 2019Liz Beaulieu, Editor
SOMERSET, N.J. - Quality Medical Group, in its 20th year of business, wants to expand its business nationally with support from a new 25,000-square-foot home base here.The company, which services complex respiratory equipment like ventilators for a range of providers, including HME providers, also has support offices in Pennsylvania, Maryland and Delaware, and employs about 60 people.“We'd like to reach our depot business—when equipment comes in to our shop to be repaired/troubleshot—across...
In brief: Hillrom to buy Breathe Technologies; Option Care, BioScrip complete merger
August 9, 2019HME News Staff
CHICAGO - Hillrom has entered into a definitive agreement to buy Breathe Technologies, an Irvine, Calif.-based manufacturer of patented, wearable non-invasive ventilators, for $130 million.
“The acquisition provides an exciting growth platform that utilizes our direct Respiratory Care commercial channel and business model,” said John Groetelaars, president and CEO of Hillrom. “This transaction represents another example of our plan to strategically deploy capital with a disciplined...
New white paper: Vents are 'not your ordinary DME'
August 9, 2019Theresa Flaherty, Managing Editor
YARMOUTH, Maine - Providing non-invasive ventilation in the home is expensive, but worth every penny, says Roxanne Vennard, who co-chaired a workgroup of the AAHomecare HME/RT Council that produced a white paper demonstrating the value of the therapy.“Ventilation is for patients that are medically complex and fragile,” said Vennard, a registered respiratory therapist and president of Ascent Respiratory Care in Greenwood, Village, Colo. “It costs tens of thousands of dollars for...
Inogen targets non-invasive vents
August 9, 2019Liz Beaulieu, Editor
GOLETA, Calif. - Inogen is set to enter the non-invasive ventilator market with its planned acquisition of New Aera for $70.4 million in cash.
The San Ramon, Cailf.-based New Aera manufactures the Tidal Assist Ventilator system, which includes the SideKick TAV, a 4-ounce, pocket-sized portable non-invasive vent for people suffering from various chronic lung diseases.
“We plan to use this technology as a platform to expand our total addressable market into high growth non-invasive ventilation...
Hillrom to enter NIV market
August 7, 2019HME News Staff
CHICAGO - Hillrom has entered into a definitive agreement to buy Breathe Technologies, an Irvine, Calif.-based manufacturer of patented, wearable non-invasive ventilators, for $130 million.
“The acquisition provides an exciting growth platform that utilizes our direct Respiratory Care commercial channel and business model,” said John Groetelaars, president and CEO of Hillrom. “This transaction represents another example of our plan to strategically deploy capital with a disciplined...