Compass Health buys Richmar

Tuesday, October 3, 2017

CLEVELAND – Compass Health Brands has acquired Richmar, a Chattanooga, Tenn.-based manufacturer of devices and consumables to treat patients with musculoskeletal conditions resulting from degenerative diseases, traumatic events and sports-related injuries. The two companies have complementary products in the rehab and pain management markets and, when combined, will offer a “broader go-to-market approach through multiple sales channels,” according to a press release. “This dynamic combination is expected to provide improved value and service by rapidly utilizing the existing capabilities and product portfolios of both companies.” Richmar’s products include Winner EVO electrical stimulation, combination, and ultrasound; Hivamat deep oscillation therapy; Hydratherm heat therapy products; Ionto+ iontophoresis and Superstim/Multistim stimulation electrodes; LidoFlex lidocaine patches; GelShot ultrasound coupling discs; and several laser and light therapy items. The acquisition of Richmar follows on the heels of Compass Health’s previous acquisitions of the ProBasics and Meridian Medical brands. Terms of this latest deal are not being disclosed.