GRAND PRAIRIE, Texas (July 13, 2015)—Point-of-Rental Software, a Texas-based company that offers rental and inventory management solutions, was one of nine finalists competing for the Cloud Innovator of the Year title at the 2015 Cloud Innovation World Cup Awards on July 8th. Held at Google headquarters in New York, the Cloud Innovation World Cup identifies advancements in cloud computing with the goal of fostering cutting-edge solutions.
LIBERTYVILLE, Ill. (July 13, 2015)—Hollister Incorporated is responding to the positive feedback to the VaPro Plus touch-free hydrophilic intermittent catheter by consolidating the product line to focus attention on this closed system catheter. The VaPro Plus intermittent catheter is the only prehydrated and ready-to-use hydrophilic catheter with a protective tip and sleeve and an integrated collection bag.
PORT WASHINGTON, NY (July 14, 2015)—Drive Medical is pleased to announce that Joseph Lewarski, a health care industry veteran, will join its subsidiary DeVilbiss Healthcare as vice president of global respiratory and sleep categories, effective August 3.
BALTIMORE, Md. (July 15, 2015)—After three years of operations, the Centers for Medicare & Medicaid Services (CMS) reported that the agency’s advanced analytics system, called the Fraud Prevention System, identified or prevented $820 million in inappropriate payments in the program’s first three years.
WASHINGTON, D.C. (July 15, 2015)—The U.S. Small Business Administration will sponsor two Regulatory Enforcement Fairness Roundtable discussions during July. The first discussion will be July 21 from 10 to 11:30 a.m. at the Montana Manufacturing Extension Center, 2310 University Way, Building 2, Bozeman, Montana. The second hearing will be July 23 at the University of Great Falls—Absolon Lounge, 1301 20th St. South, Great Falls, Montana.
TUCSON, Arizona (July 1, 2015)—Health care M&A advisory firm Vertess announced the closing of two acquisitions by Patient Home Monitoring (PHM), a health care company with $200 million annualized revenue and a focus on diverse products and services that improve outcomes, reduce hospital readmissions and help control costs.
BALTIMORE, Maryland (July 8, 2015)—CMS released the first proposed update to the physician payment schedule since the repeal of the Sustainable Growth Rate through the Medicare Access and CHIP Reauthorization Act of 2015 (MACRA).
The proposal includes a number ofprovisions focused on person-centered care, and continues the Administration’s commitment to transform the Medicare program to a system based on quality and healthy outcomes.
LENEXA, Kansas (July 6, 2015)—Mediware Information Systems Inc., a provider of comprehensive post-acute care health care software, announced the immediate availability of an integrated patient pay solution for users of their CPR+ pharmacy software.
PITTSBURGH, Penn. (July 9, 2015)—Rotech Healthcare Inc. (Rotech) announced it has purchased the respiratory equipment assets of Alert Medical in Ft. Myers and Naples, Florida.
“The momentum continues,” said Tim Pigg, CEO of Rotech. “We are thrilled to be expanding our footprint in these service areas.”
Duckridge Advisors served as the M&A adviser to Alert Medical.