Sleep Nation, Inc. Executing on Acquisition Strategy in CPAP Industry
FRANKLIN, Tenn., Dec. 11, 2012 /PRNewswire/ -- Sleep Nation, Inc., a national provider of continuous positive airway pressure equipment (CPAP), today announced the purchases of the CPAP business of five durable medical equipment (DME) providers. Sleep Nation, through its wholly owned subsidiary, CPAP Care Club, is executing on the opportunity to grow in the expanding sleep apnea market through acquisitions.
"These acquisitions will greatly increase our ability to service thousands of more CPAP patients nationally," said Richardson M. Roberts, CEO of Sleep Nation. "We partner with our acquisitions to provide them cash to grow their business while providing excellent service to the patients after the acquisition. Our team of associates makes sure that the patient receives the supplies when they need them in a convenient manner."
"The uncertainties in the industry due to Medicare's competitive bidding process, higher regulation requirements and the desire for DME's to move to higher reimbursing therapies have led many DME's to look for new ways to finance their companies," said Rich Roberts. "Since our company only focuses on sleep apnea solutions, we are well suited to handle changes that are rapidly taking place in the industry."
"We have a lower cost method of delivery that is really convenient and easy for the patient to use. We contact the patient to see if they are out of CPAP supplies, take over the medical paperwork requirements, file with the patient's insurance and deliver the product to their door," said Rich Roberts. "With dire predictions of potentially 40% of DME's going out of business due to competitive bidding and a large, growing patient population, we are in an ideal spot to help people who have this serious medical condition."
About Sleep Nation
Sleep Nation, Inc. is a health care supply company located in Franklin, TN specializing in patient care for sleep apnea. We provide patient mail order services to thousands of Continuous Positive Air Pressure (CPAP) patients throughout the U.S. for their replacement supplies through our national call center. Sleep Nation, through our wholly owned subsidiary, CPAP Care Club, LLC, is one of the few national companies that is licensed in all required states and we have managed care contracts covering all 50 states and over 166 million patients in the United States. To learn more about the company please visit www.sleep-nation.com.
SOURCE Sleep Nation, Inc.