Printer Friendly

SUNRISE MEDICAL ACQUIRES INNOVATIVE MEDICAL PRODUCTS AND AMBLER BIOMEDICAL CONSULTANTS

Bio Clinic Division Adds Six Air Therapy Bed Rental/Service Centers
 TORRANCE, Calif., April 1 /PRNewswire/ -- Sunrise Medical Inc. (NYSE: SMD) today announced the acquisition of Innovative Medical Products and Ambler Biomedical Consultants, two therapeutic air bed rental companies with a total of six distribution locations in the Midwest and Northeast. The Innovative acquisition was completed on March 29, and the Ambler acquisition will close April 2. Purchase prices were not disclosed. Both companies will be folded into Sunrise's Medical's Bio Clinic division which manufactures and distributes air therapy and foam products for the relief and prevention of pressure sores.
 Innovative Medical Products, based in Novi, Mich., a suburb of Detroit, sells, rents and services therapeutic air flotation specialty beds and patient support systems to health care institutions, including acute and extended care facilities. It also distributes to home medical equipment dealers. The company operates rental/service centers -- relying almost entirely on Bio Clinic- manufactured equipment -- in the Detroit and Cleveland areas.
 Ambler Biomedical Consultants, located in Norristown, Pa., a suburb of Philadelphia, is also engaged in the sale, service and rental of therapeutic air flotation specialty beds and patient support systems. Like Innovative, it distributes Bio Clinic products to health care institutions and home medical equipment dealers. It operates distribution centers in Philadelphia, Pittsburgh, Harrisburg, Pa., and Baltimore, servicing customers in five states and the District of Columbia.
 Combined 1992 revenues of the two businesses purchased were $3.6 million. The service centers will be immediately integrated into Bio Clinic's existing regional management structure with central support functions provided by Bio Clinic headquarters in Ontario, Calif. With these six new locations, Bio Clinic now operates 33 of its own rental/service centers while maintaining relationships with independent rental distributors in 11 other locations.
 "The acquisition of Innovative and Ambler extends our network of company-owned rental/service centers for air therapy products," said Richard H. Chandler, chairman and president of Sunrise Medical Inc. "Bio Clinic has the broadest spectrum of cost-effective, technologically innovative products for the prevention and relief of pressure sores, and it is important strategically that we offer these products for sale, lease or daily rental in every major market in the United States. The purchase and integration of these businesses will help us achieve that goal while contributing immediately to earnings."
 Sunrise Medical designs, manufactures and markets internationally medical products used in the rehabilitation and recovery phases of patient care. Products include custom manual and electric wheelchairs, ambulatory and bath safety aids, patient-room beds and furnishings, and therapeutic mattresses for the management of pressure sores. Sunrise products are designed to meet the special needs of four groups of people: the elderly, the disabled, the recovering patient and the health-conscious consumer.
 -0- 4/1/93
 /CONTACT: Ted N. Tarbet (financial) or Gretchen Booma (media) of Sunrise Medical, 310-328-8018; or Susan Noonan of Noonan/Russo Communications, 212-979-9180, for Sunrise Medical/
 (SMD)


CO: Sunrise Medical Inc.; Innovative Medical Products; Ambler
 Biomedical Consultants ST: California IN: HEA SU: TNM


KJ-LS -- LA010 -- 1877 04/01/93 09:05 EST
COPYRIGHT 1993 PR Newswire Association LLC
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1993 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:PR Newswire
Date:Apr 1, 1993
Words:507
Previous Article:FLUOR DANIEL ANNOUNCES APPROACH ON BMW PROJECT
Next Article:MTC ANNOUNCES JOINT VENTURE AGREEMENT ON NATIONWIDE MOBILE TELECOMMUNICATIONS & LONG-DISTANCE SERVICE IN PEOPLE'S REPUBLIC OF CHINA
Topics:


Related Articles
VITAL SIGNS AND BIOMEDICAL DYNAMICS ANNOUNCE PROPOSED ACQUISITION
SUNRISE MEDICAL ACQUIRES HEALTH PRODUCTS INC., AIR FLOATATION THERAPY PRODUCTS COMPANY
SUNRISE MEDICAL ANNOUNCES TWO ACQUISITIONS AND ADJUSTS SECOND QUARTER EARNINGS EXPECTATIONS
SUNRISE MEDICAL ACQUIRES LEADING GERMAN WHEELCHAIR COMPANY
SUNRISE MEDICAL ANNOUNCES ACQUISITION OF LEADING SPANISH REHABILITATION EQUIPMENT MANUFACTURER
SUNRISE MEDICAL EXPANDS DISTRIBUTION IN FOUR EUROPEAN COUNTRIES AND ACQUIRES ASSETS OF AMIGO BENELUX N.V.
SUNRISE MEDICAL ANNOUNCES ACQUISITION OF MAGIC IN MOTION, INC.
SUNRISE MEDICAL ACQUIRES RVH S.A.R.L., FRENCH DISTRIBUTOR OF SOPUR WHEELCHAIRS
SUNRISE MEDICAL ACQUIRES NORSK REHAB, LEADING NORWEGIAN WHEELCHAIR DISTRIBUTOR
Nova Biomedical and CCS Medical Reach Definitive Agreement for a Subsidiary of Nova Biomedical to Acquire Assets of CCS Medical's Subsidiary, Sanvita...

Terms of use | Copyright © 2016 Farlex, Inc. | Feedback | For webmasters