HME Company Newswire

Arcadia Announces First Quarter Results
INDIANAPOLIS–Arcadia Resources reported net revenues of $37.4
million for the quarter ended June 30, 2008, down slightly from net
revenues of $38.0 million for the same period a year ago. Sales in
the company’s HME segment, which includes home health equipment,
Internet home health product sales and DME, increased to $5.5
million in the quarter versus $5.3 million for the same period a
year ago.

In 2007, Arcadia–which had made more than 20 DME acquisitions
and opened stores inside Sears and Wal-Mart–sold most of its DME
locations and restructured operations. The company currently has 92
locations in 22 states providing home health care/medical staffing,
DME and specialty pharmacy services including its DailyMed program,
which organizes a patient’s meds into pre-sorted packets marked
with the date and time they should be taken.

Cardinal Considers Spin Off of Medical Products Biz
DUBLIN, Ohio–Cardinal Health reported an increase in fiscal 2008
revenue of 5 percent to $91 billion, and a fourth quarter increase
of 3 percent to $23 billion. As forecasted, the company said its
medical supply chain segment improved profit in the second half of
the year, driven by double-digit growth in its core U.S. medical
distribution business. Cardinal also said it is considering a
spin-off of its clinical and medical product units into a publicly
traded firm, and plans to announce its decision within 60 to 90
days.

Pride Attendees Gain CEUs, Get Look at Manufacturing,
R&D
EXETER, Pa.–Last month, more than 160 providers attended a two-day
seminar during a stop in Wilkes-Barre, Pa., part of Pride Mobility
Products’ 28-city national Seminar Tour. The July 15-16 seminar
offered seven CEU courses, including “Advanced Wheelchair
Electronics,” “Medicare Funding for PMD,”
“RESNA Credentialing Preparation” and “Wheelchair
Seating and Positioning,” among others. Attendees also got
the opportunity to view the company’s Duryea manufacturing facility
as well as Pride’s research and development and product testing
departments.

“Pride stands behind our commitment to the end-user by
investing in this Seminar Tour, the most comprehensive in the
industry, as a means of enabling providers across the country to
easily access the educational courses needed to maintain their
RESNA-required certifications, and, equally important,
knowledgeably recommend the most suitable products to accommodate
the end-users’ mobility and pressure-management needs,” Ted
Raquet, the company’s vice president of domestic sales, said in a
release.

The seminar also included an update on competitive bidding by
Seth Johnson, vice president of government affairs, and an address
by Bryan Anderson, a decorated Iraq war veteran and Quantum Rehab
spokesperson. Additional stops on Pride’s Seminar Tour during 2008
include Greensboro, N.C., Sept. 18; Nashville, Tenn., Sept. 23;
and, Atlanta, Oct. 24.

Record Results at ResMed
POWAY, Calif.–ResMed announced revenue for the quarter ended June
30, 2008, was a record $235.2 million, a 23 percent increase over
the quarter ended June 30, 2007, despite a $3.1 million charge
related to a an April 2007 voluntary recall of a previous series of
S8 flow generators. For the year ended June 30, revenue was a
record $835.4 million, an increase of 17 percent over $716.3
million for the previous year.

“Our industry received positive signals that it is poised for
continued growth,” Kieran T. Gallahue, CEO, said in a
statement. “Home sleep testing took another step forward as
both national and local Medicare rulings were released and private
insurers, such as the country’s largest insurer, Anthem, issued
updated coverage policies. Medicare competitive bidding
implementation was delayed 18-24 months, a positive signal for the
home medical equipment industry. Lastly, the International Diabetes
Federation published an important consensus statement on sleep
apnea and diabetes. The diabetes community now has an official
recommendation to screen all type 2 diabetes patients suspected of
sleep apnea. ResMed is well positioned to deliver strong growth in
fiscal year 2009.”

Roho Launches eLearning
BELLEVILLE, Ill.–The Roho Group has launched its Roho Institute
for Continuing Education and Research eLearning program, which
offers CEUs online. Previously, the Institute offered traditional
on-site CEU programs only. “With the addition of online CEU
programs, we now can offer a wider range of courses and immediate
service for our clients,” Institute Director Darren Hammond
said in a release. “Clients will no longer have to wait for a
program to come to their area; they can complete their continuing
education requirements on their time, even in their pajamas if they
like.”