FORT WORTH, Texas (May 19, 2022)—VERTESS, a health care mergers and acquisitions (M&A) advisory firm, closed out a strong first quarter of 2022 with three transactions. Managing Partner Bradley Smith commented that these were noteworthy successes given the current status of the economy and the geopolitical instability overseas.
home medical equipment
DALLAS, Texas (May 17, 2022)—A federal jury in Dallas, Texas, convicted the owners and operators of four orthotic brace suppliers in Texas and Arkansas for a $6.5 million illegal kickback scheme, including violations of the federal Anti-Kickback Statute.
ALBANY, N.Y. (May 12, 2022)—The New York State Medicaid department released their durable medical equipment (DME) manual update, effective June, 1 2022. Per the 202-page manual, all CPAP and BiPAP supplies that were formerly bundled with a new PAP set-up will be unbundled as of June 1.
Heated humidifiers (E0562) and cool humidifiers (E0561) were also unbundled from a new CPAP or BiPAP set up, and will be paid separately.
WATERLOO, Iowa (May 12, 2022)—VGM & Associates routinely monitors environmental factors that impact home medical equipment (HME) providers and their ability to effectively provide their products and services to patients who need and rely on them.
PLYMOUTH MEETING, Pa. (May 10, 2022)—AdaptHealth Corp. announced first quarter revenues were up 47% over 2021 and the authorization of a share repurchase program for up to $200 million as part of a quarterly earnings report released this week. Adapt Health is a national provider of patient-centered, health care-at-home solutions including home medical equipment (HME), medical supplies and related services.
NELIGH, Neb. (May 10, 2022)—Kubat HealthCare, a health care service provider, announced the acquisition of Hilltop Drugs Etc. located in Neligh, Nebraska.
Founded in October 2008 by co-founder and current pharmacist-in-charge, Jami Schmidt, Hilltop Drugs Etc. quickly became a community staple providing personalized pharmacy and healthcare services. In 2019, Jami Schmidt and her business partner sold to Mark Vogt.
FRESNO, Calif. (May 9, 2022)—Sunrise Medical is pleased to announce the launch two new power wheelchairs—on in the pediatric ZIPPIE line and one in the adult QUICKIE line.
“We are so excited to now offer pediatric power seating on our most compact power wheelchair base,” said Jeff Rogers, director of power product management.
ATLANTA (May 5, 2022)—It’s only been a few weeks since Medtrade West wrapped at the Phoenix Convention Center, and show organizers are now putting their full attention on Medtrade East, scheduled for Oct. 24-26, 2022, at the Georgia World Congress Center in Atlanta.
BALL GROUND, GA (May 5, 2022)—Global oxygen equipment manufacturer CAIRE Inc. will be expanding its portfolio of solutions in Latin America this summer. The Companion 5 and NewLife Intensity 10 stationary oxygen concentrators are expected to launch in July, following an anticipated approval by the Brazilian Health Regularity Agency (Anvisa).
PEACHTREE CORNERS, Ga. (May 5, 2022)—Brightree announced that President and CEO Matt Mellott has been awarded “Best MedTech CEO” by MedTech Breakthrough, an independent market intelligence organization that recognizes the top companies and products in the global health and medical technology market.
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NASHVILLE, Tenn. (April 29, 2022)—National Seating & Mobility (NSM), a provider of comprehensive mobility solutions, announced that the company has again earned The Joint Commission’s Gold Seal of Approval for Home Care Accreditation by demonstrating continuous compliance with its performance standards. The Gold Seal is a symbol of quality that reflects a health care organization’s commitment to providing safe and quality patient care.
NEW YORK (April 26, 2022)—1800Wheelchair, an online wheelchair and scooter store, announced the launch of featherchairrental.com, a new rental service that allows customers in the United States to rent its Featherchair Brand of lightweight wheelchairs, power chairs and scooters.
Medtrade announces single show going forward
CINCINNATI (April 21, 2022)—Quipt Home Medical Corp., a United States-based leader in the home medical equipment industry, focused on end-to-end respiratory care, announced that it has acquired Good Night Medical, LLC, a business with operations across seven U.S. states, for approximately $7 million in Cash.