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Precision Medical wants users to Live Active

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08/16/2019

NORTHHAMPTON, Pa. – Precision Medical will have not only a new portable oxygen concentrator but also a new brand and website some time this fall.

NovaSom files for bankruptcy, seeks sale to VirtuOx

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08/15/2019

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

Inogen targets non-invasive vents

Company sees market poised for ‘disruption’
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08/09/2019

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.

Invacare readies to ‘accelerate’

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08/09/2019

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.

Inogen shakes up hiring process for sales reps

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08/09/2019

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

Inogen surpasses $100M in revenue

Company also announces plans to acquire manufacturer of portable non-invasive vents
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08/07/2019

GOLETA, Calif. – Inogen reported total revenue of $101.1 million for the second quarter of 2019, a 3.9% increase over the same period in 2018. It’s the first time the company has surpassed $100 million in revenue in a single quarter.

Hillrom to enter NIV market

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08/07/2019

CHICAGO – Hillrom has entered into a definitive agreement to buy Breathe Technologies, an Irvine, Calif.-based manufacturer of patented, wearable non-invasive ventilators, for $130 million.

Invacare reports improvements in operating loss, free cash flow

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08/06/2019

CLEVELAND – Invacare saw net sales decrease 4.2% to $235.9 million in the second quarter of 2019 compared to the same period last year, but it saw improvements in its operating loss and free cash flow.

North America

Comeback kid: Will it be second time’s a charm for iBOT?

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08/02/2019

MANCHESTER, N.H. – Mobius Mobility expects to relaunch the iBOT personal mobility device some time this fall, nearly 10 years after Johnson & Johnson stopped making the device. Here’s what Lucas Merrow, who has been helping Dean Kamen relaunch the iBOT, had to say about the device’s second coming.

ResMed nears settlement of years-long investigation

It was, otherwise, a strong fourth quarter and fiscal year 2019 for the company
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07/26/2019

SAN DIEGO – ResMed divulged a projected $41.2 million hit to its net income in the fourth quarter of fiscal year 2019 to resolve an investigation by the Department of Justice of the company’s resupply program.

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