Colonial Medical Supplies partners with Airlife Medical
ORLANDO, FLA. – November 30th 2013, Colonial Medical Supplies has become a minority shareholder of Airlife Medical in Auburndale Florida. The partnership will allow Airlife to service Medicare Competitive bid patients in Florida as well as other private insurance contracts held by Colonial Medical Supplies.
About Colonial Medical Supplies:
Since 1957, Colonial Medical Supplies has been a family owned, family operated business with 3 locations in Fl. The corporate office is located in Altamonte Springs, and is the site for one of the largest retail DME companies in the country, with over 12,000 square feet dedicated to retail DME products. Colonial Medical Supplies was awarded over 600 competitive bid contracts in nearly every CBA, for the following product categories:
- Manual Wheelchairs
- Power Wheelchairs
- Hospital Beds
- Support Surfaces
Colonial has been serving patients in CBA’s through subcontracting agreements with DME companies in CB area, however late in 2013 Colonial began seeking strategic partners who can serve patients directly. Airlife Medical is Colonial’s third acquisition this year, and the company continues to seek additional partners in other CBA’s.
Quote from David Bruinsma, CEO Colonial Medical Supplies:
We are thrilled to be working with Airlife Medical and Rick Brauckmuller. Rick has built an amazingly efficient well-run company from the ground up, and is exactly the type of partner we are looking for. Due to the common ownership, Airlife has been added to the Medicare Provider Directory as a competitive bid winner under the Colonial contract, as well as other private insurance contracts which Colonial is contracted. We built a custom platform to work with subcontractors that automates many of the intake processes. The system has served us well, and we continue to process thousands of orders each month through our subcontractor network, but we realize subcontracting is not always the most efficient method to provide Medicare beneficiaries DME in competitive bid markets.