Spiro Health Acquires Absolute Respiratory Care

Spiro Health is pleased to announce the successful acquisition of Absolute Respiratory Care in Johnston, Rhode Island. Absolute Respiratory Care is a leading home medical equipment provider in the state of Rhode Island. The acquisition will continue to allow Spiro Health to have operations across eight states and the District of Columbia; Connecticut, Maine, Maryland, Massachusetts, New Hampshire, Rhode Island, Vermont, and Virginia. Absolute Respiratory Care offers a full range of medical equipment and supplies, with a strong emphasis in providing sleep therapy solutions. Since 2005, their ever-adapting mindset has allowed them to leverage wireless monitoring and create a touchless telehealth model for sleep therapy.

CMS Signs off on New Payments to Encourage Home Dialysis

CMS on Monday signed off on its proposal to pay providers extra money if they use home dialysis machines to treat end-stage renal disease patients. The final rule expands a transitional add-on payment to cover home dialysis machines that CMS Administrator Seema Verma touted in July when the agency proposed it, saying the COVID-19 highlighted the need to increase home dialysis access. CMS expects it will pay $9.3 billion in 2021 for renal dialysis services. It increased the prospective payment system rate from $239.33 to $253.13. The proposed rule also updated payment rates for acute kidney injury dialysis and made changes to the ESRD Quality Incentive Program. The changes take effect Jan. 1.

Medicare Moves to Speed Durable Equipment to Diabetics, Others

A new proposed rule would provide more therapy choices for Medicare beneficiaries with diabetes and make it easier for durable medical equipment manufacturers to make their products available to beneficiaries, the Trump administration said. The proposal, announced Tuesday by the Centers for Medicare and Medicaid Services, would streamline the process for Medicare coding, coverage, and payment for durable medical equipment, prosthetics, orthotic devices, and supplies (DMEPOS).

National Seating & Mobility Becomes Largest CRT Service Provider with Acquisition of Travis Medical

National Seating & Mobility (NSM), North America’s leading complex rehabilitation technology (CRT), mobility and accessibility solutions expert, has acquired CRT provider Travis Medical Sales Corporation making NSM the largest and only collective provider of complete mobility solutions, from CRT and accessibility to service and supplies, nationwide. Travis Medical, established in 1989 and headquartered in Austin, Texas, is the parent company of American Seating & Mobility, Mobility Solutions Inc. and Allumed, Inc. The acquisition includes 27 locations in 23 markets, 11 of which are new markets for NSM, across the Pacific Northwest and in Texas, Oklahoma and Florida.

Rehab Medical Expands into Texas with Acquisition of Wheelchairs Plus

Rehab Medical, Inc., a national Complex Rehab Technology (CRT) company, expanded to San Antonio, Texas after acquiring Wheelchairs Plus, a CRT company. Established in 1982, Wheelchairs Plus enhances the patient’s mobility through provisions of custom rehabilitation equipment, home medical equipment, and disposable medical supplies. This is Rehab Medical’s latest acquisition. Earlier this year, Mobility Specialists of Winter Haven, Fla. was acquired to expand mobility services throughout Central Florida in an effort to provide more mobility options to those in need. Rehab Medical now has a total of 24 locations nationwide.

Spiro Health Acquires The Medical Store

Spiro Health is pleased to announce the successful acquisition of The Medical Store in South Burlington, Vermont. The Medical Store is a leading home medical equipment provider in the state of Vermont. The acquisition will allow Spiro Health to have operations across eight states and the District of Columbia; Connecticut, Maine, Maryland, Massachusetts, New Hampshire, Rhode Island, Vermont, and Virginia. The Medical Store offers a full range of medical equipment and supplies, with an emphasis in providing solutions for sleep therapy. Its regional coverage in the Northeast combined with 37 years of being in the industry, provides Spiro Health with a market leading proposition.

Protech Announces Execution of LOI to Acquire a Profitable Leading Supplier of Respiratory Therapy Products and Services in the Southeastern U.S.

Protech Home Medical Corp. (“Protech” or the “Company”) (TSXV: PTQ), (OTCQX: PTQQF), a U.S. based leader in the home medical equipment industry, focused on end-to-end respiratory care, is very pleased to announce it has executed a non-binding letter of intent (the “LOI”) today to acquire an arm’s length private respiratory care company in the Southeastern United States reporting unaudited trailing 12-month annual revenues of approximately $13 million, significant adjusted EBITDA, and positive net income. The target company has been a leader in the respiratory home care services industry in the Southeastern United States for over 15 years.

Protech Enters Chicago Market with Accretive Acquisition of Health Technology Resources, LLC

Protech Home Medical Corp. (“Protech” or the “Company”) (TSXV: PTQ), (OTCQX: PTQQF), a U.S. based leader in the home medical equipment industry, focused on end-to-end respiratory care, is pleased to announce that it has acquired Health Technology Resources, LLC (“HTR”), a company based in Illinois, reporting unaudited trailing 12-month annual revenues of approximately $5.5 million and adjusted EBITDA of approximately $1.65 million. HTR is a leader in the respiratory home care services industry in the state of Illinois and presents Protech with the opportunity to expand into the Chicago area, a new and attractive metro hub in which the Company will leverage its existing first-rate infrastructure to create tremendous cross selling and patient growth opportunities as it continues to expand its presence across the United States.

Numotion Expands Midwest Presence with Acquisition of Northland Rehab Supply

Numotion, the nation’s leading provider of Complex Rehab Technology (CRT), has expanded into Sioux Falls, South Dakota, with the acquisition of Northland Rehab Supply. Northland was founded in 2000 and over a 20 year period, has been dedicated to serving the mobility needs of customers across South Dakota, Nebraska, Iowa and Minnesota. This is the second branch for Numotion in the state and is part of the Company’s larger expansion effort to grow its presence in the area. This follows Numotion’s recent announcement of the opening of a greenfield location in Madison, Wisconsin.

Protech Announces Execution of an LOI to Acquire a Profitable Respiratory Care Business in the Midwestern U.S.

Protech Home Medical Corp. (“Protech” or the “Company”) (TSXV: PTQ), (OTCQX: PTQQF), a U.S. based leader in the home medical equipment industry, focused on end-to-end respiratory care, today announced it has executed a non-binding letter of intent (the “LOI”) to acquire a private respiratory care company in the Midwestern United States reporting unaudited trailing 12-month annual revenues of approximately $5 million, positive adjusted EBITDA, and positive net income.