SAN FRANCISCO (October 30, 2019)—SkyKnight Capital (SkyKnight), a San Francisco-based private equity firm, announced that it has made an investment into AeroCare Holdings, Inc. (AeroCare), a provider of home health care solutions focused on patients with chronic respiratory conditions. AeroCare management and existing shareholders, including Peloton Equity, SV Health Investors and Morgan Stanley Investment Management’s AIP Private Markets, will remain invested as part of the transaction.
respiratory
WATERLOO, Iowa (October 30, 2019)—VGM Respiratory has announced the release of two new resources: the Sleep Program Guide and the Home Ventilation Management Program manual. The guides were developed to help those interested in expanding into the sleep or ventilation markets decide if it’s right for their business. These resources can also be used by industry professionals who aim to improve their operational efficiency.
NORTHAMPTON, Penn (October 15, 2019)—The Live Active Five portable oxygen concentrator (POC) from Precision Medical is now available from your durable medical equipment (DME) provider. The Live Active Five is designed to help people with respiratory diseases such as COPD gain greater freedom so they can live actively with oxygen therapy.
Ease the auditing process for respiratory providers
FAIRFIELD, Conn. (September 26, 2019)—Convexity Scientific, a medical technology company, announced this week the initial closing of a $3.5 million Series B financing. The round was led by HighCape Capital with participation from Connecticut Innovations, Benslie International, and Stonehenge Capital. The financing will help support commercial growth of the Convexity’s core product Flyp Nebulizer and adjacent innovations.
AMSTERDAM (September 17, 2019)—Royal Philips, a global provider of health technology, announced the commercial launch of Philips NightBalance, a prescription sleep position therapy device designed for patients with positional obstructive sleep apnea (OSA). A mask-free alternative to existing positional OSA treatments, Philips NightBalance is a positional therapy that uses gentle vibrations to encourage users to alter their sleeping positions to help prevent apneas.
CHICAGO (August 15, 2019)—Inc. Magazine announced that Sunset Healthcare Solutions, a manufacturer and distributor of HME supplies based in Chicago, has again ranked among the Inc. 5000 Fastest-Growing Private Companies in America. This is Sunset’s eighth appearance on the annual list since 2011, and this year it stands at no. 1872.
The honor marks another season of growth for Sunset. In June, the company introduced two products to its own manufactured respiratory line.
NEW YORK (August 14, 2019)—Inc. magazine revealed that 3B Medical joined the Inc. 5000 list, a prestigious ranking of the nation’s fastest-growing private companies. The list represents a unique look at the most successful companies within the American economy’s most dynamic segment—its independent small businesses. Microsoft, Dell, Domino’s Pizza, Pandora, Timberland, LinkedIn, Yelp, Zillow, and many other well-known names gained their first national exposure as honorees on the Inc.
ORLANDO, Fla. (August 12, 2019)—OxyGo LLC, a manufacturer of portable oxygen concentrators (POC) announced the launch of their new six-flow-setting, Bluetooth-enabled POC.
Accreditation model lets HME dealers increase referrals & revenue
LONDON and PLANO, Texas (April 25, 2019)—Belluscura PLC announced that its crowdfunding campaign has exceeded the target raise of £500,000 ($647,000 USD). The campaign will remain open on Crowdcube (crowdcube.com) until May 3 to allow additional people the opportunity to invest in the company.
6 scenarios in which HME providers can legally restart the oxygen rental period
Patient-targeted therapy in chronic respiratory disease
ORLANDO, Fla. (February 19, 2019)—OxyGo LLC, a provider of portable oxygen concentrators, announced the launch of their new Bluetooth enabled POC.
OxyGo FIT Connect will allow health care providers to improve patient outcomes through a new wireless connectivity platform using Bluetooth technology. The platform includes a provider dashboard and mobile application for patient use through mobile devices.
AKRON, Ohio (February 7, 2018)—Congratulations to Miller’s Rental and Sales, Inc., celebrating 70 years of service to communities in Northeast Ohio this year— the official celebration will take place in June. In an interview this week with WAKR radio, John Miller, president, provided a unique overview of the company’s beginnings as a party rental business to the multiple location durable medical equipment business it is today.
BALL GROUND, Ga. (January 14, 2019)—More than 200 employees and guests celebrated CAIRE Inc.’s recent acquisition by NGK SPARK PLUG CO., LTD., at the global headquarters in Ball Ground, Georgia. NGK SPARK PLUG, a comprehensive ceramics processing manufacturer, acquired CAIRE on Dec. 20, 2018, from Chart Industries, Inc.
BALL GROUND, Ga. (January 14, 2019)—More than 200 employees and guests celebrated CAIRE Inc.’s recent acquisition by NGK SPARK PLUG CO., LTD., at the global headquarters in Ball Ground, Georgia. NGK SPARK PLUG, a comprehensive ceramics processing manufacturer, acquired CAIRE on Dec. 20, 2018, from Chart Industries, Inc.
SAN DIEGO (December 10, 2018)—ResMed, a provider of cloud-connected medical devices and out-of-hospital software-as-a-service (SaaS) business solutions, was named one of America’s top 100 corporate citizens for the third straight year by Forbes and JUST Capital, a nonprofit that analyzes and ranks companies based on how they serve the priorities of the American people.
SAN DIEGO (December 4, 2018)—ResMed, a provider of cloud-connected medical devices and out-of-hospital software-as-a-service (SaaS) business solutions, announced it has entered a definitive agreement to acquire Propeller Health, a digital therapeutics company providing connected health solutions for people living with chronic obstructive pulmonary disease (COPD) and asthma.
ATLANTA (October 19, 2018)—Chart Industries, Inc., has signed a definitive agreement to divest its oxygen-related products business within its BioMedical segment to NGK Spark Plug Co., Ltd. (NGK Spark Plug) for $133.5 million. The sale is expected to close within the fourth quarter of 2018, following the satisfaction of customary closing conditions, including regulatory requirements.
SPRING HOUSE, Penn. (October 12, 2018)—Patrick Henry Medical, LLC, a medical equipment company specializing in clinical respiratory services located in Sherman, Texas, that does business as Breath of Life, has achieved Exemplary Provider accredited status for Patient-Centered Respiratory Home (PCRH), The Compliance Team’s (TCT) latest accreditation designation specifically designed to help respiratory care professionals perform at the top of their license.