Sanomedics finishes Prime Time buy
MIAMI – Medical technology holding company Sanomedics has completed its acquisition of Largo, Fla.-based Prime Time Medical Inc. for $3.1 million. “The completion of this acquisition marks a significant milestone in Sanomedics’ high-growth strategy of acquiring and integrating positioned medical equipment providers in today’s ever-demanding sleep apnea vertical,” stated Keith Houlihan, co-founder and president of Sanomedics, in a Sept. 3 press release. The acquisition was effective Aug. 30. Prime Time Medical provides mobility devices, respiratory equipment and diabetes supplies. Sanomedics says its goal is to purchase sleep therapy businesses to develop a portfolio of products and providers for the sleep apnea market, according to the release.