Performance Home Medical Welcomes New Leadership
Performance Home Medical (“PHM” or the “Company”), a provider of home medical equipment and respiratory services, has named Larry Mastrovich as its new Chief Executive Officer. He previously served as PHM’s Chairman. This move marks a practical next step as the Company focuses on its next phase of growth and execution.
A Clear Path for Growth
Mastrovich’s appointment comes alongside an investment from a healthcare-focused private equity partner, reinforcing PHM’s intent to widen its geographic reach. The plan is straightforward: strengthen day-to-day operations, bring in proven talent, and scale in markets where patients need access to care at home. The Company’s emphasis on disciplined execution and hiring underscores its ambition for sustainable growth, not growth for its own sake.
Experience Built in the Field
Mastrovich brings more than 30 years in healthcare leadership to PHM. He held senior roles at Apria Healthcare, including President and COO, during a period when Apria became well known for its home care services and respiratory support. He also led Breathe Technologies, a company focused on respiratory solutions designed for use where people live—at home. That track record matters here: PHM’s work is hands-on, patient-facing, and logistics-heavy, and he’s operated in that space for decades.
Meeting Real Needs in Home Care
Under Mastrovich’s guidance, PHM aims to address essential healthcare needs in the home. Home medical equipment can be the difference between getting timely care and going without it. With an estimated 30 million Americans living with sleep apnea, the opportunity is clear: broaden access to therapy and supplies, especially for people who may be underserved today. The goal is simple and concrete—reliable equipment, delivered on time, supported by teams who know the conditions they serve.
The Future of PHM Under New Leadership
Mastrovich has described this as a pivotal moment for PHM and signaled his readiness to lead through it. He pointed to the Company’s two-decade focus on improving outcomes for patients with sleep apnea and highlighted the importance of expanding services to better manage chronic conditions in the home. The throughline is continuity with momentum: keep what works, invest in what helps patients most, and scale thoughtfully.
Investing in Technology and Services
With the backing of Grant Avenue Capital, PHM plans to upgrade its technology and deepen its service offerings. Better tools can streamline ordering, delivery, and follow-up—key steps that affect whether patients actually get and use what they need. The partnership also supports organic growth while exploring acquisitions that align with PHM’s mission to improve patient care. Any expansion will be grounded in PHM’s core work: dependable home equipment and respiratory support.
Committed to High Standards
Eric Kim, Principal at Grant Avenue Capital, expressed confidence in Mastrovich’s ability to lead PHM in a changing healthcare environment. Together, they aim to sharpen the Company’s growth plans and hold fast to a simple promise: put patient care first, then build the business around that standard. It’s a practical approach—set clear expectations, measure what matters, and improve the experience at every step.
About Performance Home Medical
Founded in 2001, Performance Home Medical is a trusted provider of home care services for people with obstructive sleep apnea, oxygen needs, and ventilatory support. The Company serves more than 70,000 patients, primarily in the Pacific Northwest, with 20+ locations across Washington, Oregon, and Idaho. Its teams focus on reliable access to home equipment and the supplies that keep therapy on track. Two decades in, the mission remains the same: make care at home dependable and within reach.
Frequently Asked Questions
Who is the new CEO of Performance Home Medical?
Larry Mastrovich is the new Chief Executive Officer of Performance Home Medical. He previously served as the Company’s Chairman and now steps into day-to-day leadership.
What will Larry Mastrovich focus on as CEO?
He plans to expand PHM’s geographic footprint, strengthen operations, and invest in technology and services that improve patient outcomes—especially for people managing chronic conditions at home.
What experience does Larry Mastrovich bring?
He brings over 30 years in healthcare, including leadership roles as President and COO at Apria Healthcare and as the leader of Breathe Technologies, with a long focus on respiratory care delivered in the home.
How long has Performance Home Medical been serving patients?
PHM was founded in 2001. Since then, it has supported more than 70,000 patients with sleep apnea, oxygen needs, and ventilatory support.
Where does PHM operate today?
PHM primarily serves the Pacific Northwest, with 20+ locations across Washington, Oregon, and Idaho, providing access to home medical equipment and needed supplies.
