Tag: Apria

RICHMOND, Va. – Owens & Minor execs say they remain “bullish” on the company’s Patient Direct segment, which has posted double-digit growth for four consecutive quarters, but the home respiratory category, specifically, isn’t where they’d like to see it.  Patient Direct’s revenue for the second quarter of 2023 was $633 million, up 10.5% over the same period in 2022.  “It is clear that the powerful brands of Byram and Apria are working...

WASHINGTON – The Government Accountability Office has denied a protest by B&B Medical Services of six contracts for in-home oxygen and ventilator services awarded by the Department of Veterans Affairs to Apria Healthcare.  B&B argued that the VA’s solicitation did not properly reflect its requirements, the agency failed to consider a corporate transaction relevant to its evaluation of the awardee's responsibility and technical capability, Apria misrepresented the availability...

WASHINGTON – The Government Accountability Office has denied a protest by B&B Medical Services of six contracts for in-home oxygen and ventilator services awarded by the Department of Veterans Affairs to Apria Healthcare.  B&B argued that the VA’s solicitation did not properly reflect its requirements, the agency failed to consider a corporate transaction relevant to its evaluation of the awardee's responsibility and technical capability, Apria misrepresented the availability...

INDIANAPOLIS – Apria Healthcare is providing notice of a data breach that involved some personal information. On Sept. 1, 2021, Apria received a notification regarding access to select Apria systems by an unauthorized third party. The company says it took immediate action to mitigate the incident, including working with the Federal Bureau of Investigation and hiring a forensic investigation team to investigate and resolve the incident. Based on its investigation and discussions with law enforcement,...

RICHMOND, Va. – Owens & Minor execs say they are “thrilled” with the growth of the company’s Patient Direct segment, led by Apria and Byram Healthcare, which continues to outpace the market.  Revenues for the segment grew by 10.4% on a year-over-year basis, and nearly all of its major product categories saw double-digit growth, said President and CEO Edward Pesicka on a call to discuss the company’s first quarter earnings for 2023.  “This rapid...

WASHINGTON – AAHomecare has a new corporate partner level with five inaugural members.  The companies supporting the association and its public policy work at the Legacy level are Apria and Byram Healthcare, both owned by Owens & Minor; ResMed and Brightree, which is owned by ResMed; and Medline. They are all now paying $125,000 in annual dues.  “We see great value in AAHomecare and the industry associations,” said Dan Starck, executive vice president at OM, who...

RICHMOND, Va. - Owens & Minor has initiated a companywide “operating model realignment program” to accelerate profit improvement and reduce costs.  The company expects the realignment to improve profitability and cash flow by about $30 million of adjusted operating income in 2023; $200 million of adjusted operating income by 2025; and $250 million to $400 million of working capital benefit by 2025.  “Fourth-quarter results showed that we need to move quickly to offset...

SALT LAKE CITY – JQ Medical’s board of directors has appointed Matt Gallagher as its new CEO, succeeding Jon Zalk, who will continue to serve in an advisory capacity to the company. Gallagher has more than 15 years of health care and leadership experience, most recently as chief commercial officer of Breg, a non-surgical orthopedic company. “Matt is a proven healthcare leader with a distinguished track record of market-leading growth, customer service, talent development, and a...

RICHMOND, Va. – Owens & Minor reported revenue of $594 million for its Patient Direct segment, a 142% increase.   “I am very pleased with the performance and operational execution throughout all aspects of the Patient Direct Segment, including the capture of increased CPAP opportunities, and overachievement of acquisition synergies,” said Edward Pesicka, president and CEO. “This exceptional performance was supported by deep adoption of the Owens & Minor Business...

RICHMOND, Va. – Above-market growth in its Byram Healthcare business contributed to a strong quarter for Owens & Minor’s Patient Direct division, company execs said on a recent earnings call.  Byram saw double-digit growth across all major product categories in its portfolio of disposable medical supplies, say execs.  “Our Patient Direct business is consistent and strong, driving recurring revenue as it focuses on serving patients with chronic lifelong conditions...