Acquisition bolsters Invacare’s supplies business

Sunday, January 25, 2004

January 26, 2004

ELYRIA, Ohio - Invacare has acquired the assets of ACS, a Deer Park, N.Y.-based division of Mediq PRN Life Support Services, which distributes medical supplies with a focus on infusion therapy. Terms of the cash purchase were not disclosed.

The business of ACS will be combined with Invacare Supply Group's current distribution business, which is headquartered in Holliston, Mass.

ACS' sales and customer service personnel will be employed by Invacare Supply Group. The ACS distribution system will be consolidated into ISG over the next few months.

"We are very pleased to have a business with a strong supplies position in infusion therapy joining Invacare,"said A. Malachi Mixon, III, Invacare's chairman and chief executive officer. "The ACS business will further enhance Invacare's ability to provide one-stop shopping to the home care provider."

The acquisition is expected to be accretive to earnings in 2004.