Prism gets lift from Shoppers

Wednesday, March 16, 2016

TORONTO – Prism Medical has agreed to acquire certain assets of the lift and elevating business of Shoppers Home Health Care in the provinces of Ontario, Saskatchewan and Alberta. Prism will pay about $2.1 million for inventory and equipment, with a deferred payment respecting good will, according to a press release. The two companies have also agreed to enter into a sales agreement whereby Shoppers will be a non-exclusive sales agent for Prism of specified lift and elevating products and services for residential business in Ontario, Saskatchewan and Alberta. The transaction is scheduled to close May 31.