In addition, the combined product portfolio will be among the best in the industry and serve as a good platform for further growth”, said Johan Ek, Chairman of Handicare. “Through this acquisition Handicare will be able to access greater opportunities in the North American market. Handicare has a similar values profile, has recognized what our team has accomplished, and should add value for all stakeholders as the two companies combine their market leading products and service capabilities”, said Andrew McIntyre, Chairman of Prism Medical.
“The knowledge of our employees applied with passion to solve the moving and handling problems of the mobility disadvantaged and their caregivers in all health environments, has made Prism Medical a leader in its field. Handicare is owned by Nordic Capital Fund VII. Its products include homecare products (such as stairlifts), patient handling and bathroom safety products, and personal transfer and automobile adaptation solutions. Handicare is a Sweden based company which supplies technical aids for the elderly and physically disabled. The total equity purchase price is approximately $62 million on a fully diluted basis. Pursuant to the Arrangement Agreement, shareholders of Prism Medical will receive $12.50 in cash for each Prism Medical Share, which represents a 31.6% premium to the closing price of the Prism Medical Shares on the TSX Venture Exchange (the “ TSXV”) on Jof $9.50 and a premium of 34.2% to the 20-trading day volume weighted average trading price of the Prism Medical Shares on the TSXV. (“ Prism Medical”) (TSXV:PM) and Handicare Group AB (“ Handicare”) today announced that they have entered into an arrangement agreement (the “ Arrangement Agreement”) pursuant to which Handicare will acquire all of the outstanding common shares of Prism Medical (the “ Prism Medical Shares”). MISSION STATEMENT Our mission is to save the healthcare system money and improve the quality of life of the mobility disadvantaged and their caregivers by providing superior services and products that most effectively solve the problems related to moving and handling people.KEY PRODUCTSHoists, Slings, Bathing/Shower Products, Moving & Handling Products, Stairlifts, BedsKEY SERVICESAssessment, Occupational Therapy, Installation, Training, Customer Service, Service & Repair.Toronto, Ontario and Kista, Sweden – J– Prism Medical Ltd.
#Prism medical group full#
From manufacturing a range of products that respond effectively to moving, handling and bathing requirements to the full assessment, installation, training, service and repair of these products, Prism Medical UK provides a full product and service solution to our customers.The Prism Medical UK companies have a reputation for supplying quality products and providing high levels of customer service.
As a group, Prism Medical UK has over 30 years experience in developing and supplying moving, handling, and bathing equipment, as well as working closely with the clients and caregivers who use them. Prism Medical UK are providers of specialist equipment for the safer moving and handling of the mobility disadvantaged within their homes, long term care or acute environment.
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