Handicare Announces Acquisition of Mid-AtlantiCare

1/31/2014

Lehigh Valley, Pennsylvania, USA- June 26, 2013

Handicare USA, Inc., of Allentown, PA, a leading North American supplier of patient handling systems and related healthcare equipment, has announced that it has signed a definitive agreement to purchase Mid-AtlantiCare South LLC., of Riva, MD.

The transaction is expected to strengthen Handicare’ s customer satisfaction, sales and service in NJ, PA, DE, MD, DC, VA and the Carolinas. Said Handicare USA, Inc. president Hans Sigvardsson, “We are very pleased that Mid-AtlantiCare has joined our organization. We anticipate that they will significantly enhance our capabilities in the vitally important Mid-Atlantic region. They bring extensive experience and a proven commitment to providing customers with outstanding patient handling consultation services and a wide range of training solutions. We are particularly impressed with Mid-AtlantiCare’s ability to forge strategic relationships with their client base, an important factor in ensuring the success of patient and employee safety programs, all of which can lead to improved operational effectiveness and efficiency. Together we intend to set a new standard for enhancing outcomes for both patients and caregivers.” 

Mid-AtlantiCare is positioned as a value-added healthcare solutions company specializing in the distribution of patient handling equipment. According to Steve Glanell, president of Mid-AtlantiCare, “We expect that our proven expertise in safe patient handling program development will truly complement Handicare’ s product portfolio. We are very excited by this unique opportunity.”

About Handicare
Handicare International, headquartered in Moss, Norway, was founded in 1986 and supplies equipment, services, safe handling and mobility solutions for hospital patients, elderly residents, and physically disabled individuals. Its products include wheelchairs, patient lifts and related safe patient mobility equipment, bathroom safety products, and personal transfer and automobile adaptation solutions. Handicare also markets home care products including a comprehensive line of stairlifts which are distributed across the country through authorized local dealers. Handicare products are distributed through a comprehensive network of professional dealers and distributors in 30 countries around the world. The company has subsidiaries in Sweden, Denmark, Germany, the Netherlands, England, Belgium, France, the USA, and Canada. Handicare was acquired in 2010 by NordicCapital Fund VII of Sweden. For more information, visit the Handicare website at .

About Handicare United States
Handicare US, is located in Allentown, Pennsylvania and works with over 400 partners nationally to provide Safe Patient Handling, Mobility and Accessibility equipment to people with disabilities, aging and elderly individuals residing at home or in hospitals and nursing homes. With significant growth over the past year, Handicare US is well positioned to assume leadership roles in safe patient handling and improved patient outcomes, both of which are areas of strategic concern for healthcare administrators and caregivers. Our wide range of high-quality products include; complete easy transfer systems and other patient handling aids, walkers, stairlifts, care adaptations, and bathing and toileting products. In 2012, RoMedic, Inc. (Ephrata, PA) and Sterling Stairlifts (Pocono Mountain, PA) merged to form the Handicare US division and provide solutions and support that allow people to work and live safely and independently.

About Mid-AtlantiCare
Mid-AtlantiCare was founded in 2005 and serves the hospital and long-term care markets. Mid-AtlantiCare is a highly focused, Safety Solutions provider that utilizes data oriented processes to drive change enabling their clients to produce measurable financial and cultural returns. Its primary goal is to develop strategic relationships with its client base whereby together they can achieve the mutual objective of implementing effective patient and employee safety programs to help improve operational effectiveness and efficiency.

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