Performance Home Medical Welcomes New CEO Larry Mastrovich
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Performance Home Medical Welcomes New Leadership
Performance Home Medical (“PHM” or the “Company”), a provider of home medical equipment and respiratory services, is thrilled to announce the appointment of Larry Mastrovich as Chief Executive Officer. Having served as PHM Chairman, Mr. Mastrovich’s transition into this leadership role signifies a pivotal moment for the company as it charts its strategic growth trajectory.
A Vision for Growth
Mr. Mastrovich’s appointment coincides with an investment from a healthcare-focused private equity firm, indicative of PHM’s commitment to expand its geographic presence. The focus on enhancing operational capabilities and attracting top-tier talent underlines the Company’s ambitious plans for future growth.
Rich Experience in Healthcare
Mr. Mastrovich brings to PHM over 30 years of extensive experience in the healthcare industry. His career includes a prominent role with Apria Healthcare, where he served as President and COO. Apria, known for its unparalleled home care services, has significantly influenced the respiratory products market. Additionally, Mr. Mastrovich was at the helm of Breathe Technologies, a company specializing in innovative respiratory solutions.
Addressing Key Healthcare Needs
Under Mr. Mastrovich’s guidance, the Company aims to address critical healthcare needs effectively. As an expert in the field, he understands the importance of home medical equipment in providing care where it is most beneficial. With an estimated 30 million Americans suffering from sleep apnea, PHM under his leadership can improve access to care for those who may currently be underserved.
The Future of PHM Under New Leadership
Expressing his enthusiasm for the new role, Mr. Mastrovich stated that he is poised to lead PHM through this vital period of evolution. Citing the Company’s two-decade commitment to improving outcomes for sleep apnea patients, he emphasized the importance of expanding services to manage chronic care diseases more effectively.
Investment in Technology and Services
With the backing of Grant Avenue Capital, PHM plans to enhance its offerings by investing in advanced technology and services. This collaboration is expected to foster organic growth while exploring opportunities for acquisitions that align with PHM’s mission to improve patient care.
Commitment to Excellence
Eric Kim, Principal at Grant Avenue Capital, expressed confidence in Mr. Mastrovich’s ability to guide PHM in a rapidly evolving healthcare landscape. Their partnership aims to refine the Company’s growth strategies while reinforcing its commitment to patient care excellence.
About Performance Home Medical
Founded in 2001, Performance Home Medical has established itself as a reliable provider of essential home care services, catering to a diverse clientele with obstructive sleep apnea, oxygen needs, and ventilatory support. Serving over 70,000 patients primarily in the Pacific Northwest, PHM operates out of 20+ locations in Washington, Oregon, and Idaho, ensuring dependable access to home equipment and necessary supplies.
Frequently Asked Questions
Who is the new CEO of Performance Home Medical?
Larry Mastrovich has been appointed as the new CEO of Performance Home Medical.
What is the goal of Larry Mastrovich as CEO?
Mr. Mastrovich aims to expand PHM's geographic footprint and improve patient outcomes through enhanced services and technology investment.
What experience does Larry Mastrovich bring to PHM?
He brings over 30 years of healthcare industry experience, including leadership roles at Apria Healthcare and Breathe Technologies.
How long has Performance Home Medical been in operation?
Performance Home Medical was established in 2001 and has served over 70,000 patients.
What areas does PHM serve?
PHM primarily serves the Pacific Northwest, with locations across Washington, Oregon, and Idaho.
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