M&A Deal Summary

Handicare Group AB Acquires Prism Medical

On September 1, 2016, Handicare Group AB acquired medical products company Prism Medical

Acquisition Highlights
  • This is Handicare Group AB’s 3rd transaction in the Medical Products sector.
  • This is Handicare Group AB’s 1st transaction in Canada.
  • This is Handicare Group AB’s 1st transaction in Ontario.

M&A Deal Summary
Date 2016-09-01
Target Prism Medical
Sector Medical Products
Buyer(s) Handicare Group AB
Deal Type Add-on Acquisition

Target

Prism Medical

Toronto, Ontario, Canada
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.

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Buyer(S) 1

Buyer

Handicare Group AB

Stockholm, Sweden
Category Company
Founded 1986
Sector Consumer Products
Revenue 292M EUR (2014)
DESCRIPTION

Formed in 1986, Handicare offers solutions to increase the independence of disabled or elderly people and to facilitate for their care providers and family. The offering encompasses a comprehensive range of curved and straight stairlifts, transfer, lifting, and repositioning aids and vehicle adaptations. Handicare is a global company with sales in some 40 countries and is one of the market leaders in this field. Its head office is in Stockholm, Sweden, and manufacturing and assembly are located at four sites distributed across North America, Asia, and Europe.

DEAL STATS #
Overall 5 of 5
Sector (Medical Products) 3 of 3
Type (Add-on Acquisition) 5 of 5
State (Ontario) 1 of 1
Country (Canada) 1 of 1
Year (2016) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-04-08 Handicare - Mobility Division

Netherlands

Handicare - Mobility Division product lines are engages in the manufacturing of wheelchairs, scooters and rollators. All other Handicare product lines such as Accessibility, Patient Handling, car adaptions etc.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-04-09 Handicare AS - Patient Handling Division

Kista, Sweden

Handicare AS's Patient Handling Division offers solutions to increase the independence and mobility to individuals across the acute, community and long-term care environments. These solutions encompass a comprehensive range of transfer, repositioning and lifting aids that effectively encourage the earlier mobilization of the individual, whilst reducing strain placed on the healthcare personnel.

Sell -
Mergr

Product

Company

Legal