Tag: Viemed
Viemed broadens strategy
May 10, 2024Theresa Flaherty, Managing Editor
LAFAYATTE, La. – Viemed Healthcare’s integration of HMP is “hitting its stride,” helping the company build out a more diversified product offering, says CEO Casey Hoyt.
Viemed closed on its acquisition of Tennessee-based Home Medical Products, Inc., a large regional provider of respiratory focused home medical solutions in June 2023. That deal, and a recent joint venture with East Alabama Health that gave Viemed a controlling interest in East Alabama HomeMed, provides...
In brief: Viemed deal, oxygen reform, sleep study
April 3, 2024HME News Staff
LAFAYETTE, La. – Viemed Healthcare has finalized its strategic partnership with East Alabama Health, providing the company with a controlling interest in East Alabama HomeMed.
East Alabama HomeMed provides HME services to patients within the EAH network, which encompasses East Alabama Medical Center in Opelika, Ala., and EAMC-Lanier Hospital in Valley, Ala., with a combined medical staff of 380 physicians, as well as those in the surrounding areas of Eastern Alabama.
"We...
Viemed reports ‘exceptional year’
March 7, 2024HME News Staff
LAFAYETTE, La. – Viemed reported net revenues of $50.7 million for its fourth quarter ended Dec. 31, 2023, an increase of 35% compared to the same period in 2022.
Total net revenues for the year were a record $183 million, an increase of 32%.
Adjusted EBITDA for the quarter and year was $12.8 million and a record $43.1 million, respectively.
"We're thrilled to announce another exceptional year of financial performance at Viemed, marked by robust double-digit...
Viemed focuses on NASDAQ
December 12, 2023HME News Staff
LAFAYETTE, La. - Viemed Healthcare has received approval from the Toronto Stock Exchange to voluntarily delist its common shares on the TSX, in a move that will allow the company to focus on its listing on the NASDAQ Capital Market. “The company is taking strategic action to enhance market efficiency and optimize our administrative processes by consolidating trading volumes on NASDAQ, as the majority of both outstanding shares and trading volume is currently concentrated in the United States,”...
Viemed, Direct Supply re-up support for AAH
October 26, 2023HME News Staff
WASHINGTON – AAHomecare has announced that Viemed and Direct Supply have increased their Corporate Partner support for the association. Viemed is now a Diamond Partner and Direct Supply is a Silver Partner. Previously, they were both Bronze Partners. “The additional resources and direct involvement that our Corporate Partners provide has fueled our success in legislative and regulatory advocacy, and has allowed us to expand our payer relations work to meet the demands of an evolving payer...
Viemed excels at balancing act
August 11, 2023Theresa Flaherty, Managing Editor
LAFAYETTE, La. – Viemed Healthcare is already seeing gains from its recent acquisition of Home Medical Products and the company is “orchestrating the next chapter of its growth story,” said CEO Casey Hoyt.
Viemed finalized the acquisition of Tennessee-based HMP on June 1 and has worked diligently to integrate its operations and employees, Hoyt says.
“We closed the deal and had our team up at their offices the following week and training their folks on how...
Viemed leverages tailwinds
August 10, 2023HME News Staff
LAFAYETTE, La. – Viemed reported core net revenues of $43.3 million for the second quarter 2023, an increase of 31% compared to one year ago and a new company record.
Net income for the quarter totaled $2.3 million, including approximately $2.5 million of revenues related to its acquisition of Home Medical Products, which it completed June 1. Adjusted EBITDA totaled $9.8 million.
“We find ourselves in an exceptional position, leveraging the prevailing tailwinds in the...
In brief: PAP therapy helps to improve outcomes, indie pharmacies worry about ‘DIR hangover’
June 9, 2023HME News Staff
INDIANAPOLIS – People with heart failure and obstructive sleep apnea can significantly reduce hospitalizations and ER visits, as well as related costs, by being adherent with PAP therapy, according to two recent studies.
The studies were supported by ResMed and presented at SLEEP 2023.
One study analyzed 1,472 people with OSA and systolic heart failure, with exactly half adherent on PAP therapy and half non-adherent. The adherent patients had 24% fewer ER visits and incurred...
Viemed ramps up M&A, eyes MA plans
May 12, 2023Theresa Flaherty, Managing Editor
LAFAYETTE, La. – M&A and MA were hot topics during a recent Viemed earnings call, as company execs outlined what they see as key opportunities for growth going forward.
Viemed’s recently announced acquisition of Tennessee-based Home Medical Products, a large regional provider of respiratory solutions, kicks off the company’s acquisition growth initiatives – a priority for the year ahead, say execs. HMP, which currently serves more than 44,000 patients in Tennessee,...
Viemed invests $2M in value-based care platform
January 16, 2023HME News Staff
LAFAYETTE, La. – Viemed Healthcare has made a strategic investment in ModoHealth, a value-based care and patient management platform connecting payers, patients and post-acute providers.
ModoHealth expects to use the proceeds of the investment to fund the expansion of its proprietary patient management network, which combines clinical tools, remote patient monitoring, data analysis and patient-centric engagement.
“We are incredibly excited to partner with the team at...