Providers

CINCINNATI – Quipt Home Medical plans to return to historical levels of organic growth, optimize capital allocation and build a scalable health care ecosystem through M&A as part of a new strategic plan.  The plan follows the company’s annual general meeting of shareholders on March 17.  “2025 marks a pivotal year for Quipt as we double down on our commitment to augment organic growth and prioritize a disciplined capital allocation strategy while maintaining strong...

ASHEVILLE, N.C. – Aeroflow Health has opened a new 51,000-square-foot fulfillment center that will allow the company to fill more than 3 million orders in 2025 for patients across the country.  With planned technology and process enhancements, the company expects capacity at this site to grow by more than 30% over the next two years.  “The decision to double-down on our self-distribution capabilities and invest in automation for efficiency is part of our commitment to...

RICHMOND, Va. – Owens & Minor has spent the past few years reinvesting in its higher-growth, higher-margin Patient Direct business and now the company says it will move quickly to sell its Patient & Healthcare Services business.  The company has been engaged in “robust discussions” regarding a potential sale after receiving interest from “multiple inbound” sources, CEO Edward Pesicka told investors on a call to discuss the company’s fourth quarter and full-year...

IRVING, Texas – Strive Medical, a portfolio company of NMS Capital, has acquired Charles Pharmacy & Surgical, a pharmacy and provider of diabetes supplies since 1968.  This strategic acquisition represents a major milestone in Strive Medical's continuous growth and dedication to delivering top-quality medical supplies and services to patients throughout the United States, the company says.  "We are thrilled to welcome Charles Pharmacy into the Strive Medical community,"...

CINCINNATI – David Kanen, Philotimo Fund and Kanen Wealth Management have agreed to withdraw their notice to solicit proxies in support of four director candidates in opposition to the candidates recommended by Quipt Home Medical.  As part of a new cooperation agreement, the company's board of directors has granted Kanen certain board access rights for as long as Kanen maintains aggregate beneficial ownership of at least 3.5% in the company’s outstanding shares. This...

BELLEVUE, Wash. – Bellevue Healthcare will open a new location in Salem, Ore., later this month, its 22nd brick-and-mortar location.  Located at 2661 Cascadia Industrial St SE, directly across from the Salem Municipal Airport, this new branch will provide a full range of mobility and respiratory equipment, as well as serve the equipment needs of hospice customers.  “As part of our ongoing commitment to organically expand our service footprint, we’re excited to bring...

RICHMOND, Va.– Owens & Minor is looking to sell off its Products & Healthcare Services business, while it remains “bullish” on its Patient Direct business.  The company made the announcement today, as part of its fourth quarter and full-year 2024 earnings results.  “Our commitment to directing capital toward the higher growth and higher margin Patient Direct segment has been increasingly evident in recent years and is consistent with our strategy,” said...

PLYMOUTH MEETING, Pa. – After consecutive declining quarters in Diabetes Health, AdaptHealth has remodeled its diabetes outreach program and integrated diabetes resupply into sleep resupply and adopted that segment's best practices, says CEO Suzanne Foster.  A diagnostic review highlighted several reasons for Diabetes Health’s underperformance, she told analysts on a recent call to discuss the company’s fourth quarter and full year 2024 financial results.  “Notwithstanding...

PLYMOUTH MEETING, Pa. - AdaptHealth has reported net revenue of $856.6 million for the fourth quarter of 2024, a 0.2% decrease compared to the same period in 2023, and $3.26 billion for the full year 2024, a 1.9% increase compared to 2023.  Net income was $50.3 million vs. a net loss of $254.5 million for the quarter and $90.4 million vs. a net loss of $678.9 million for the year.  “Over the course of the second half of 2024, we continued to make progress on our five areas of...

FOSTER CITY, Calif. - CHME has opened CHME Pharmacy LLC, an independent pharmacy in Foster City, Calif., in a move that the company says expands its commitment to comprehensive health care solutions for Bay Area residents.  The partnership brings together CHME’s established medical equipment expertise with a full-service, independently owned pharmacy offering personalized care and free delivery.  "We're excited to expand our health care services with the addition of...