Tag: Michael Petras
AssuraMed buys UroMed in 'tuck-in acquisition'
January 17, 2014Liz Beaulieu, Editor
DUBLIN, Ohio - AssuraMed has quietly bought another competitor of its Edgepark Medial Supply business unit: UroMed, a Suwanee, Ga.-based provider of urological, incontinence and other disposable medical supplies.Employees at UroMed were told of the acquisition on Friday, Jan. 10, according to industry sources. When contacted by HME News the following week, officials at AssuraMed confirmed the news.“AssuraMed did acquire UroMed,” said Michael Petras, president and general manager.In January...
Cardinal Health completes acquisition of AssuraMed
March 19, 2013HME News Staff
DUBLIN, Ohio - Cardinal Health on March 18 completed its acquisition of AssuraMed, a direct-to-home HME supplies distributor, according to a press release. The $2.07 billion acquisition was financed with a combination of $1.3 billion in new senior unsecured notes and cash. All members of the AssuraMed management team have joined Cardinal Health, and the business will continue to be led by Michael Petras Jr., president of AssuraMed.