M&A Deal Summary

Prism Medical Acquires Shoppers Home Health - Lifts and Elevating Business

On March 14, 2016, Prism Medical acquired medical products company Shoppers Home Health - Lifts and Elevating Business from Shoppers Drug Mart for 2M USD

Acquisition Highlights
  • This is Prism Medical’s 6th transaction in the Medical Products sector.
  • This is Prism Medical’s largest (disclosed) transaction.
  • This is Prism Medical’s 2nd transaction in Canada.
  • This is Prism Medical’s 1st transaction in Ontario.

M&A Deal Summary

Date 2016-03-14
Target Shoppers Home Health - Lifts and Elevating Business
Sector Medical Products
Buyer(s) Prism Medical
Sellers(s) Shoppers Drug Mart
Deal Type Divestiture
Deal Value 2M USD

Target

Shoppers Home Health - Lifts and Elevating Business

Toronto, Ontario, Canada
Shoppers Home Health - Lifts and Elevating Business comprises inventory of lifts and elevating equipment.

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Buyer(S) 1

Buyer

Prism Medical

Toronto, Ontario, Canada

website


Category Company
Sector Medical Products
DESCRIPTION

Prism Medical is a vertically integrated manufacturer and a provider of equipment and services used to move and handle mobility challenged individuals in a safe and dignified manner. Prism Medical's products are marketed under the brand names of Prism Medical, ErgoSafe, Waverley Glen and Nightingale in the homecare, acute care and long-term care markets throughout North America. Prism Medical offers solutions that encourage improved care, quality of life and mobility, while seeking to lower the overall cost of the caregiving function in a number of ways, including reducing the incidence of handling-related injuries among caregivers. Through its network of dealers, Prism Medical provides an integrated suite of products and services that make homecare a viable option for many people.


DEAL STATS #
Overall 10 of 10
Sector (Medical Products) 6 of 6
Type (Divestiture) 1 of 1
State (Ontario) 1 of 1
Country (Canada) 2 of 2
Year (2016) 1 of 1
Size (of disclosed) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-01-09 Angel Accessibility Solutions

Victoria, British Columbia, Canada

Angel Accessibility Solutions Ltd. is a British Columbia-based provider of safe patient handling and elevating products and services.

Buy -

Seller(S) 1

SELLER

Shoppers Drug Mart

Belleville, Ontario, Canada

website


Category Company
Founded 1962
Sector Retail
DESCRIPTION

Shoppers Drug Mart is a full-service retail drug stores operating under the name Shoppers Drug Mart (Pharmaprix® in Québec). Founded in 1962 by Toronto pharmacist Murray Koffler, the Company has grown to a network of more than 1,307 Shoppers Drug Mart/Pharmaprix stores across Canada. These conveniently located stores are owned and operated by the Company’s licensed Associate-owners who have helped build a brand that is synonymous with exceptional service, value and trust. The Company also licenses or owns more than 49 medical clinic pharmacies operating under the name Shoppers Simply Pharmacy (Pharmaprix Simplement Santé in Québec) and five luxury beauty destinations operating as Murale.


DEAL STATS #
Overall 1 of 1
Sector (Medical Products) 1 of 1
Type (Divestiture) 1 of 1
State (Ontario) 1 of 1
Country (Canada) 1 of 1
Year (2016) 1 of 1
Size (of disclosed) 1 of 1