Tag: ISG
ISG deal opens up old wounds
January 25, 2013Liz Beaulieu, Editor
TWINSBURG, Ohio - Some HME providers are on edge about the new ownership at Invacare Supply Group (ISG).AssuraMed, which completed its $150 million purchase of ISG in January, has two business units: Edgepark Medical Supply, which sells supplies direct to the consumer; and Independence Medical Supply, which sells supplies through the provider channel. While AssuraMed plans to fold ISG into Independence Medical, some providers worry about buying supplies from a company that is affiliated in some way...
Invacare completes sale of ISG
January 21, 2013HME News Staff
ELYRIA, Ohio - Invacare has completed the sale of its medical supplies unit, Invacare Supply Group, to AssuraMed, according to a press release. AssuraMed, the parent company of Edgepark Medical Supplies and Independence Medical, purchased ISG for approximately $150.8 million in cash, which is subject to final post-closing adjustments. Invacare estimates approximately $146.6 million in net proceeds from the sale. The transaction allows Invacare to focus on its core equipment product lines, according...