Eternity Healthcare, GMEA to merge
By HME News Staff
Updated Wed October 30, 2013
PHOENIX and VANCOUVER, British Columbia - Eternity Healthcare, a medical device company, announced Oct. 30 that its plans to acquire Global Medical Equipment of America (GMEA), a holding company focused on medical equipment, supplies and accessories. As part of the deal, Eternity's headquarters will move to Phoenix and be led by GMEA's management. “This is a great opportunity for GMEA to join the public market, having access to various forms of funding and, with that in mind, grow the company astronomically in a short period of time,” stated Harold Halman, GMEA president and CEO, in a press release. The companies expect to complete a share exchange agreement in the first quarter of 2014. Eternity Healthcare will issue GMEA and its shareholders about 40 million shares in exchange for all of the shares of GMEA and its shareholders, according to the release.
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