Performance Home Medical Names New CEO

KENT, Washington—Performance Home Medical (PHM), a home medical equipment and respiratory services provider, announced Larry Mastrovich has been named chief executive officer after serving as PHM chairman since January. 

This appointment follows the investment in PHM from private equity firm Grant Avenue Capital and reflects PHM’s efforts to expand its geographic footprint and team, the company said.

Mastrovich has more than three decades of leadership, operations, sales, marketing and strategic transaction experience in the health care industry. Mastrovich worked at Apria Healthcare for more than 25 years, most recently as president and chief operations officer. Before joining PHM, he served as president and chief executive officer of Breathe Technologies, a medical device manufacturer for respiratory products, ventilation and sleep apnea solutions.

“PHM has served its core sleep apnea patient base meaningfully for over two decades, and I look forward to building upon this foundation to continue improving outcomes while supporting patients to address chronic care disease management,” said Mastrovich. “With the support of the talented PHM team and Grant Avenue, we will continue to expand the business across new geographies, products and services.”

“We are pleased to partner with Larry, who brings a wealth of experience in scaling differentiated health care businesses,” said Eric Kim, principal at Grant Avenue Capital. “We look forward to working closely with him and the entire PHM team as we continue to support the company’s organic growth efforts, add-on acquisitions and investments in technology.”