8/13/2023 0 Comments Prism medical groupWe welcome our new colleagues to Team Schein and look forward to continued success together.”įiled Under: Business/Financial News, Dental, Featured, Mergers & Acquisitions, Wound Care Tagged With: Henry Schein Inc. “Importantly, Prism and its management team is tightly aligned with Henry Schein’s strategy and culture, and we look forward to a smooth integration of this business. It also strengthens our relationships with the physicians who prescribe home medical supplies. “This partnership expands Henry Schein Medical’s continuum-of-care delivery model and allows us to move closer and to interact directly with patients. “Expanding beyond our core base of office-based physicians and entering the home health market has been a long-standing strategic goal of Henry Schein’s medical business, and with Prism we have the ideal partner with a strong brand and a complementary business model,” Henry Schein chairman & CEO Stanley M. Melville, N.Y.-based Henry Schein expects Prism to be neutral to its 2021 earnings per diluted share and accretive thereafter, with further financial terms remaining undisclosed. “We look to the future with excitement and optimism as part of Henry Schein Medical. “I am very proud of all that the team at Prism has accomplished, including our track record of organic revenue growth along with consistent increases in unique referral sources and new patients,” Cartwright said in the release. The company has more than 200 team members and collected net revenue for the 12 months ended Sept. Prism will operate as a subsidiary of Henry Schein Medical and will be managed separately as an individual division by founder & president Chris Cartwright. To use Follow My Health on your smart phone or tablet, please be sure to download the free FMH Mobile app from the App store or Google Play. The transaction leads Henry Schein Medical to enter an established and growing market for such products. Its products include stairlifts, transfer and lifting products, automobile adaptation solutions and homecare products.įurther information can be found on Marketwired's website.Henry Schein (NSDQ: HSIC) announced that it acquired a majority ownership position in home medical supply maker Prism Medical Products.Įlkin, N.C.-based Prism provides specialty home medical supplies with a core competency in advanced wound care products, according to a news release. PrISM a group of vibrant and like-minded female health care providers who are experts in vulvar, vaginal, pelvic & sexual health. Handicare supplies technical aids for the elderly and physically disabled. PRISM Medical Equipment Manufacturers in India - EPMD is a leading manufacturer of high-end Surgical Lights & Electrosurgical Generators in India since 1991. Prism Medical is a vertically integrated manufacturer and leading provider of equipment and services used to move and handle mobility challenged individuals in a safe and dignified manner. The transaction is expected to close by early September 2016. On August 4, 2016, Prism and Handicare announced an amendment to the previously announced arrangement, pursuant to which Handicare will now acquire all outstanding common shares of Prism for C$14.00 per share, increasing the total equity purchase price to approximately C$71 million. The transaction will be carried out by way of a court approved plan of arrangement under the Business Corporations Act (Ontario) and will require the approval of, among others, (i) the holders of at least 66 2/3% of the Prism Medical shares, and (ii) a majority of minority shareholders, at a special meeting of Prism Medical shareholders, expected to be held before the end of August, 2016. Pursuant to the arrangement agreement, shareholders of Prism Medical will receive C$12.50 in cash for each Prism Medical share. ("Prism Medical") and Handicare Group AB ("Handicare") announced that they entered into an arrangement agreement pursuant to which Handicare will acquire all of the outstanding common shares of Prism Medical for a total equity purchase price of approximately C$62 million, on a fully diluted basis.
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