STOCKHOLM, Sweden – Permobil, a manufacturer of high-end power wheelchairs, has been acquired by Investor AB, a Swedish investment firm. Private equity firm Nordic Capital agreed to sell Permobil for $842.3 million.
SAN DIEGO – ResMed has sued Taiwanese manufacturer Apex Medical and its U.S. distributor, Medical Depot, doing business as Drive Medical, to stop alleged patent infringement. ResMed has filed parallel legal actions in the International Trade Commission (ITC) and U.S.
Israel Gamburd, president of Los Angeles-based Gamburd Independent Living Solutions, sums up the state of the bath safety market this way: “The past year has been huge. It has reached a point where I have almost had to turn down business.”
ATLANTA – Invacare believes it has just the thing for beleaguered providers of standard power wheelchairs. The manufacturer at Medtrade last week debuted its Pronto Air Personal Transporter, a standard power wheelchair that has no code and sells for cash.
PORT WASHINGTON, N.Y. – Drive Medical announced it will begin manufacturing and distributing Evo/Global Medical respiratory and SmartDose product lines effective Oct. 1, 2012, according to a press release.
CLEARWATER, Fla. – Linde AG has completed its $4.6 billion acquisition of Lincare, it was announced Aug. 14. The industrial gas giant paid $41.50 per share for Lincare through a tender offer that it completed Aug.