Verus Healthcare Celebrates 1,000% Growth on Third Anniversary
NASHVILLE, Tenn., May 4, 2015 /PRNewswire/ -- Verus Healthcare, Inc. recently completed its third year of operations after its acquisition of CPAP Care Club in 2012. Since that original acquisition, the Company has grown its CPAP business within the durable medical equipment (DME) industry by 1,000%. Verus Healthcare now services approximately 50,000 sleep apnea patients for their CPAP supply needs and processes nearly 14,000 new orders per month.
"When we bought this company three years ago, the systems and processes weren't in place to scale," said Richardson M. Roberts, CEO of Verus Healthcare. "We've invested $1.5 million developing our proprietary software called SNAP, built a highly experienced management team that I believe is the best in the industry and used best practices from other companies that Emmet Seibels (our President and co-founder) and I have run in the past. The results have been excellent but we've still got a lot of runway in front of us."
The Company has purchased assets from over 100 DME's throughout the U.S. and deal flow continues to be strong as the DME industry consolidates. "We are a perfect partner for DME's because we don't upset their referral sources after buying their CPAP assets," Roberts said. "Instead, we work with the DME as a team to provide great service for resupply and that has benefited all involved."
After selling two very successful payment processing companies in the past, Roberts believes this one also has the potential to be a market leader in the near future. "We have such a high patient satisfaction rating and that's what allows you to grow fast and profitably," Roberts said. "Also, all of our employees are shareholders, which effectively makes everyone a "salesperson" – that creates high quality results."
About Verus Healthcare
Verus Healthcare, Inc. is a health care supply company located in Franklin, TN specializing in CPAP supplies. The Company provides direct to patient services to approximately 50,000 patients throughout the U.S. for their medical supplies through its national call center. Verus Healthcare is one of a very select group of companies to win Medicare competitive bid contracts in all 50 states for its products and the Company has managed care contracts covering all 50 states representing over 200 million patients in the United States. To learn more about the company please visit www.verushealthcare.com.
SOURCE Verus Healthcare, Inc.
Share this article