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Home Medical Equipment to Reach $28 Billion in 2016

World demand for home medical equipment is expected to rise 7% yearly and reach $28 billion in 2016 according to a report from Freedonia. While the United States will remain the largest market globally, the BRIC countries will be the fastest growing markets as economic prosperity increases. “In these countries, home health care activity will […]

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Independa Raises $5 Million to Expand Telecare Technology

Independa announced it closed a Series A Preferred Stock financing at $5 million to expand sales, research and development, and distribution of its technology to provide independent living solutions.  The funding comes from City Hill Ventures, a previous investor, and strategic partner LG Electronics USA, with participation by additional investors. The respective amounts of investment from […]

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AssuraMed to Acquire Invacare’s Medical Supply Business for $150 Million

AssuraMed announced it has signed a definitive agreement to acquire Invacare Supply Group, a division of Invacare Corporation (NYSE: IVC) for $150 million. The deal is part of Invacare’s focus on its globalization strategy to harmonize core global product lines and reduce complexity within its business. For AssuraMed, a leader in wholesale and home-delivered medical supplies across the […]

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Home Health Care Revenues to Reach $120 Billion in 2021

Spending on senior care services, which includes skilled nursing, home health care and assisted living are predicted to grow 5.2 percent annually and will amount to $319.5 billion by 2016 according to the Freedonia Group. Skilled nursing saw facilities revenue come in at $106.9 billion in 2011 according to the study and are projected to […]

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AHC Acquires Home Care Provider, Expands into Georgia

Advanced Home Care (AHC), a non-profit hospital affiliated company announced last week its acquisition of Extrakare, LLC, a move that helps the company expand its home medical and equipment services into Northern Georgia. Since its founding in Norcross, Georgia in 2004, Extrakare has become a leading provider of home oxygen, positive airway pressure (PAP) and […]

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