Invacare, a manufacturer and distributer of long-term care and home care medical equipment, reported a first quarter loss as earnings were dragged down by declines in the company’s North American segment. The company reported net sales of $309.1 million for the first quarter ended March 31, 2014, down 6.7% from the first quarter of 2013. […]
Category: Equipment
A growing group of professionals with ties to the home care and medical equipment industries are uniting in their opposition to a proposal from the Centers for Medicare and Medicaid Services (CMS) to expand its competitive bidding program to new areas. From clinicians and advocates for Medicare beneficiaries to home medical equipment providers, manufacturers, and […]
The Centers for Medicare & Medicaid Services (CMS) generally operated within the guidelines and Federal requirements for the competitive bidding Round 1 rebid program for durable medical equipment suppliers, the Department of Health & Human Services’ Office of the Inspector General found in a recent report. “We determined that CMS generally selected DMEPOS (durable medical equipment, […]
The U.S. home medical equipment industry is expected to be worth $12.6 billion by 2018, according to a new report that points to a rise in telemedicine devices as a key growth component. Demand for HME will rise 8.2% annually for the next four years, says RnRMarketResearch.com, spurred by advances in the technological capabilities of equipment such as […]
Mediware Information Systems, Inc. announced on Tuesday the acquisition of Fastrack Healthcare Systems, Inc., a home medical equipment and home infusion therapy software solutions company. Through the transaction, Mediware gained more than 300 new customers along with Fastrack’s expertise, products, services, and contracts. The Lenexa, Kan.-based software solutions provider plans to combine the Fastrack business […]
East Coast-based home health provider Preferred Home Health & Nursing Care Services today announced it is boosting its market presence through the acquisition of Acelleron Medical Products. The acquisition of Acelleron, a Massachusetts-based durable medical equipment provider, Preferred plans to expand its home health care reach into New England. “We are very happy to bring […]
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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