Dynamic Healthcare names Michael Grabko CEO
A growing home medical equipment business based in West Hanover Township has named Michael Grabko its new CEO.
Grabko assumed the role at Dynamic Healthcare Services Inc. on March 24; previously, he was senior vice president at Univita Health Inc., the largest administrator of long-term-care insurance in the United States.
DHS is a portfolio company of GMH Ventures LLC, a private equity group headquartered in Newtown Square. Formed in 2000 as the parent company to Central Medical Equipment of Harrisburg and East Suburban Medical Supply of Pittsburgh, DMH provides home medical equipment, respiratory therapy products and services, and complex rehabilitation products and services.
DHS has increased its staff to more than 120 employees with facilities throughout Pennsylvania and North Jersey with acquisitions in the past few years. GMH Ventures said in a news release that it is actively seeking to acquire other companies in the home and durable medical equipment marketplace within the Mid-Atlantic and Northeast region.
“During this unique and transformative period in health care, there is no better person to lead DHS than Mike Grabko,” Michael Holloway, president of GMH Ventures and board member of DHS, said in a news release. “Mike’s 30 plus years of experience in health care comprises a unique blend of traditional home health services, including DME, with cutting edge strategies on how to deliver such services in the new health care environment.”
Terry Luft, who was previously CEO of DHS and now serves as its vice chairman, said he couldn’t be happier to have Grabko join the growing DHS family of companies “at this critical stage of our growth.”
“He brings a keen understanding of the industry and how we got to where we are today,” Grabko said. “More importantly, he has been instrumental in developing novel relationships with providers and payors, designed to succeed in the future framework of health care in the United States. The board and I are excited to work with Mike in driving DHS to a leadership position in the industry.”
Grabko began his career in a variety of operational and financial positions in the health care industry and led to his co-founding of a rehabilitation company in 1995. He later served as vice president of operations at Apria Healthcare and later as an area vice president and corporate vice president at Air Products Healthcare.
Most recently, according to DHS, Grabko led the expansion of Univita Health into nine states and served as a key member of the management team that doubled revenue to more than $200 million. He also was instrumental in developing networks with more than 2,000 providers and utilizing multiple operating model structures to serve multiple constituencies, including insurance companies, referral sources and patients.
“I am extremely excited to be a part of the DHS management team that recognizes the growth potential opportunities in this ever changing Home healthcare environment,” Grabko said. “We at DHS will look to position the company as a leader in the current geography we occupy, but with a vision for the expansion into new and profitable markets, products, acquisitions, and contracts.”