Anodyne Medical Device, Inc. Acquires PrimaTech Medical Systems
Posted on: Monday, 2 July 2007, 09:22 CDT
Anodyne Medical Device, Inc., the nation's leading designer and manufacturer of specialty support surfaces and patient positioning devices serving the acute care, home care and long-term care medical markets, announced today its acquisition of PrimaTech Medical Systems, a leading value supplier of electronically controlled specialty support systems to the long-term care and home care medical markets.
Oklahoma-based PrimaTech Medical Systems specializes in the design and distribution of medical support surfaces, including mattress replacements, overlays and seating systems, with a distribution network that extends through North America, Europe and Australia.
"The addition of PrimaTech to Anodyne Medical Device underscores our commitment to growth in the long-term care and home care markets, while allowing us to maintain our leadership position in the acute care market," said Mark Bidner, Chairman and CEO of Anodyne Medical Device.
The acquisition of PrimaTech also solidifies an exclusive partnership with Taiwan-based Suzric Enterprise, Ltd., to continue manufacturing products for PrimaTech, Bidner added. "This strategic relationship will enable Anodyne Medical Device to marry its industry leading technology with Suzric's low cost manufacturing capabilities to provide quality product at competitive pricing in the home care and long-term care marketplace," Bidner said.
In keeping with the company's policy of retaining the existing management of its acquisitions, PrimaTech's Dikran Tourian has been named Executive Vice President of Sales and Marketing of Anodyne Medical Device.
"This is exciting," Tourian said. "With the addition of PrimaTech, Anodyne Medical Device can now offer the marketplace a complete product line encompassing all technologies that, until now, was impossible to obtain through a single source. We now can offer the acute care, home care and long-term care market participants a complete line of foam, gel, air and air/foam combination support surface products."
Anodyne Medical Device is the nation's leading designer and manufacturer of specialty support surfaces and patient positioning devices. It is also the only manufacturer of medical support surfaces with manufacturing facilities located on both U.S. coasts to better serve a national customer base throughout the United States. Anodyne Medical Device remains active in organic and acquisition-based growth focused exclusively on the patient positioning and medical support surface markets. In addition to PrimaTech Medical Systems, Anodyne Medical Device's portfolio of companies includes AMF Support Surfaces, Anatomic Concepts and SenTech Medical Systems.
Source: Business Wire
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