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September 17, 2024
Kent-based Performance Home Medical (PHM), a home medical equipment and respiratory services provider, named Larry Mastrovich, who has served as PHM chairman since January 2024, chief executive officer. Mastrovich's appointment follows healthcare-focused private equity firm Grant Avenue Capital's investment in PHM and reflects PHM's continued focus on expanding its geographic footprint, and accelerating the business' growth. Mastrovich brings three decades of leadership, operations, sales and marketing, and strategic transaction experience to PHM. For more than 25 years, Mastrovich worked at Apria Healthcare, most recently as president and COO. Prior to joining PHM, he served as president and CEO of Breathe Technologies, a medical device manufacturer for respiratory products. Founded in 2001, PHM provides home care services to patients in need of obstructive sleep apnea, oxygen, ventilator, and continuous glucose monitoring device and supply needs. Serving over 70,000 patients primarily in the Pacific Northwest, PHM provides access to in-home equipment and supplies throughout its over 20 locations across Washington, Oregon and Idaho. Grant Avenue Capital is a healthcare-focused, middle-market private equity firm.