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In Brief: Sunrise Medical

This article was originally published in The Gray Sheet

Executive Summary

Sunrise Medical: Completes $6.5 mil. sale of the air therapy rental business of its Bio Clinic division to a joint venture between Mediq PRN and Huntleigh Technology subsidiary HNE Rentals. Under terms of the deal, Mediq PRN/HNE obtains the rental business' inventories and fixed assets, as well as most of its personnel, and agrees to certain purchases of Bio Clinic products over the next three years. The air therapy service unit had $12 mil. in sales in fiscal 1995...

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