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CONTINENTAL ACQUIRES MK MEDICAL REHAB.


Byline: Daily News

GLENDALE - Continental Home Healthcare said Wednesday it has acquired MK Medical to broaden its footprint The amount of geographic space covered by an object. A computer footprint is the desk or floor surface it occupies. A satellite's footprint is the earth area covered by its downlink. See form factor.

1.
 in the rehabilitative re·ha·bil·i·tate  
tr.v. re·ha·bil·i·tat·ed, re·ha·bil·i·tat·ing, re·ha·bil·i·tates
1. To restore to good health or useful life, as through therapy and education.

2.
 equipment sector.

Glendale-based Continental would not disclose terms of the deal, although the company anticipates the transaction will add $7 million in annual revenues.

Gross sales Gross Sales

A measure of overall sales that isn't adjusted for customer discounts or returns, calculated simply by adding all sales invoices, and not including operating expenses, cost of goods sold, payment of taxes, or any other charge.
 in the company's rehabilitative division will now total approximately $12 million annually, representing approximately 40 percent of Continental's overall revenues, the company said.

MK Medical specializes in customized rehabilitative equipment, with facilities in Cerritos, Bakersfield and Fresno. Continental said these new locations will help the company become among the most prominent rehabilitative services provider in California California (kăl'ĭfôr`nyə), most populous state in the United States, located in the Far West; bordered by Oregon (N), Nevada and, across the Colorado River, Arizona (E), Mexico (S), and the Pacific Ocean (W). .

The acquisition will also allow Continental to market its other product lines, specifically its respiratory products and services in three new markets.

``We are delighted to add these units to our existing rehab division because it is a niche area of our industry in which Continental is considered a leader,'' Robert Thornton For the politician, see .

For the physicist, see .

Robert "Choc" Thornton (born July 14, 1978 [1]) is an English National Hunt jockey currently employed as stable jockey to Alan King.
, Continental's chief executive officer and president, said in a statement.

Continental's primary business is acquiring, consolidating and managing health care equipment retailers. Many of these retailers provide hospital beds, custom power and manual wheelchairs, scooters List of scooter models per manufacturer Aprilia
  • Aprilia Area 51
  • Atlantic
  • Mojito
  • Scarabeo
  • Aprilia SR
  1. SR Viper/Urbankid
  2. SR Max Biaggi
  3. SR WWW
  4. SR Racing
  5. SR 2000
  6. SR Ditech
  7. SR R
  8. SR Factory
  9. SR Street LC
 and respiratory products.
COPYRIGHT 2003 Daily News
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2003, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Title Annotation:Business
Publication:Daily News (Los Angeles, CA)
Date:Sep 4, 2003
Words:193
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