HME News

  • NovaSom files for bankruptcy, seeks sale to VirtuOx
    HME News Staff

    GLEN BURNIE, Md. – VirtuOx is seeking to acquire the assets of NovaSom, which filed for Chapter 11 bankruptcy Aug. 2.

    Per the court documents, filed in the United States Bankruptcy Court for the District of Delaware, NovaSom seeks to sell virtually all of its...

  • Cape Medical acquires sleep division of Enos Home Medical
    HME News Staff

    SANDWICH, Mass. – Cape Medical Supply has acquired the sleep therapy assets of New Bedford, Mass.-based Enos Home Medical.

    “We are very excited to expand our patient volumes in southeastern Massachusetts and Rhode Island,” said Gary Sheehan, president and CEO of CMS. “We continue to...

  • Inogen targets non-invasive vents
    Company sees market poised for ‘disruption’
    Liz Beaulieu

    GOLETA, Calif. – Inogen is set to enter the non-invasive ventilator market with its planned acquisition of New Aera for $70.4 million in cash.

    The San Ramon, Cailf.-based New Aera manufactures the Tidal Assist Ventilator system, which includes the SideKick TAV,...

  • Invacare readies to ‘accelerate’
    Liz Beaulieu

    ELYRIA, Ohio – Invacare reported an adjusted EBITDA of only $5.1 million for the second quarter toward its goal of at least $20 million by the end of 2019, but company officials expect performance to improve in the back half of the year.

    “We expect performance...

  • Inogen shakes up hiring process for sales reps
    HME News Staff

    GOLETA, Calif. – Inogen may have posted its first $100 million revenue quarter, but it struggled with sales issues.

    The company was able to improve the productivity of its sales team in the second quarter of 2019, but sales rep attrition was higher than it...