BIRMINGHAM, Alabama (August 19, 2021)—A surge in demand for sleep and respiratory devices in the wake of a Philips Respironics recall has created “an unprecedented increase in demand” for Resmed devices, the company’s CEO said—but supply chain and freight limitations are making it hard for the company to keep up. Nonetheless, the company could realize $300 million-$350 million in unplanned additional revenue in fiscal year 2022, he said.

NEW YORK (August 18, 2021)—Inc. Magazine revealed that Proactive Medical Products has been ranked as No. 1978 on its annual Inc. 5000 list, the most prestigious ranking of the nation’s fastest-growing private companies. The list represents a unique look at the most successful companies within American independent small businesses. Intuit, Zappos, Under Armour, Microsoft, Patagonia, and many other well-known names gained their first national exposure as honorees on the Inc. 5000. 

PUTNAM VALLEY, N.Y. (August 18, 2021)—Always An Angel Homecare, a faith-based senior homecare franchise providing nonmedical comprehensive home health care solutions, announced the expansion of the brand’s home office in Putnam County, New York, the opening of a satellite office in White Plains, New York, and the launch of a second affiliate agency to meet the growing demand for home health care.

SAN JOSE, Calif. (August 18, 2021)—Element5, an automation as a service solution leveraging artificial intelligence (AI) and robotic process automation (RPA) for post-acute care, announced the closing of its Series A round of funding led by global private equity and venture capital firm Insight Partners. The fundraising round also saw participation from industry leaders, Maxwell Investment Partners, LLC.

CLEARWATER & SARASOTA, Fla. (August 18, 2021)—Empath Health is pleased to announce its senior-level chief positions serving the newly merged not-for-profit created by the merger of Empath Health and Stratum Health System. The full-life care provider serving Tampa Bay and southwest Florida provides care and support for those with chronic and advanced illnesses and/or those dealing with grief.
 

HOLLYWOOD, Fla. (August 16, 2021)—Woundtech, a wound management company serving Medicare Advantage health plans and at-risk senior care provider groups, announced that Brian Wise has been named as its chief executive officer. Brian Wise succeeds Founder Jeffrey Galitz, MD who will continue as a member of the board of directors and advise the company on strategic and clinical direction.