Moneyline: Rehab Medical, Air Liquide

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Tuesday, February 5, 2019

INDIANAPOLIS – Rehab Medical, a provider of complex rehab services has merged with Cork Medical, a manufacturer of devices ankd support surfaces used in the treatment of wounds. "The merger better aligns the companies’ efforts, which previously operated independently," said Patrick McGinley, CEO of both Cork Medical and Rehab Medical, in an article on Insideindianabusiness.com "Our new direction will allow our talented teams to collaborate and work toward our shared goal of improving lives." Terms of the deal were not disclosed. In November, Rehab Medical acquired Family Medical Supply in Oklahoma, expanding its footprint to 14 states.

Air Liquide makes pair of Swiss buys

PARIS – Air Liquide has acquired Sleep & Health SA and Megamed AG, it announced today. Sleep & Health SA was founded in 2003 and is a national provider of sleep apnea services. MegaMed AG, has been in business nearly 50 years and provides ventilation and other support for patient with respiratory failure. Through the acquisitions, Air Liquide will serve more than 3,000 new patients. “We are happy to welcome the teams from Sleep & Health SA and from Megamed AG to the Air Liquide Group,” said Francois Jackow, member of Air Liquide’s executive committee. “Their expertise and their knowledge of the Swiss market, combined with the expertise of Air Liquide, will allow us to better address the needs of patients and healthcare professionals alike.” Air Liquide supplies medical gases, home healthcare services, hygiene products, and medical equipment. In 2017, it served more than 15,000 hospitals and clinics and more than 1.5 million patients.