In Brief: Invacare acquisitions
This article was originally published in The Gray Sheet
Executive Summary
Invacare acquisitions: Home medical equipment firm expands presence in U.K. through $5.1 mil. cash purchase of Bencraft Limited, a Birmingham, England-based manufacturer of powered and manual wheelchairs. Bencraft had about $10 mil. in sales for its fiscal year ended March 21. Invacare also recently purchased Patient Solutions, Inc., which has a four-modality infusion pump that gives Invacare "a totally new product line that many of our existing DME [durable medical equipment]/respiratory provider customers will purchase as they diversify into home infusion therapy." PSI's pump can provide intravascular feeding, intermittent antibiotic therapy, patient-controlled analgesia and chemotherapy. Privately held with about $1-2 mil. in annual sales, PSI will continue to operate out of its San Diego headquarters under current management led by President Dave Davis...