July 10, 2008

Nyer Medical Divests ADCO South Medical Supplies

US based Nyer Medical Group has sold ADCO South Medical Supplies, its Florida medical-surgical division.

Nyer further announced that its pharmacy division, DAW was awarded a two-year contract with Sunrise Senior Living to be the preferred pharmacy provider at all 16 of the company's assisted living facilities in Massachusetts.

Mark Dumouchel, president and CEO of Nyer Medical, said: "We strongly believe that the divestiture of ADCO South was in the best interest of the shareholders. Its operation provided no synergies to our core business and was at the same time geographically cumbersome.

"We are additionally enthusiastic about having been awarded preferred vendor status by the Sunrise assisted living team. The awarding of the contract by this first-class organization is consistent with our strategic goals of being the area's top pharmacy niche provider."