Tag: Medcare Products
Prism completes acquisition of MedCare
February 10, 2014HME News Staff
TORONTO, Ontario - Prism Medical has bought an additional 51% ownership interest in MedCare Products, making the company a wholly-owned subsidiary, according to a Feb. 10 release. At the end of 2012, Prism purchased a 49% stake in MedCare, as well as the Burnsville, Minn.-based company's manufacturing assets and inventory. MedCare supplies ceiling and floor lifts, slings and transfer aids. "The acquisition of 100% of MedCare is an important transaction for us as it meets a number of key strategic...
Prism Medical buys Medcare's manufacturing assets
December 11, 2012HME News Staff
TORONTO - Prism Medical, a DME provider based here that focuses on mobility equipment and services, recently acquired the manufacturing assets of Medcare Products for $10 million in cash, according to a press release. Based in Burnsville, Minn., Medcare is a manufacturer and supplier of floor lifts, ceiling lifts, car extractors, slings and transfer aids. As part of the acquisition, Prism Medical has entered into a 10-year agreement to exclusively supply all the products that Medicare sells in the...