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Prism Medical

In brief: Complex rehab advocates speak up, study casts doubt on impact of CPAP therapy on cardiovascular events


WASHINGTON – Two consumer organizations have sent letters to lawmakers urging them to pass bills that would permanently protect complex rehab accessories from competitive bid pricing.

Prism reports revenue increase


TORONTO – Prism Medical announced revenues of $14.7 million for the first quarter ended Feb. 29, 2016, an increase of 20% compared to the same period last year. Adjusted EBITDA was $1.5 million.

Prism gets lift from Shoppers


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 Medical reports second quarter results


TORONTO – Prism Medical on July 28 reported sales of $14.1 million for the three months ended May 31, 2015, compared to $10.3 million for the same period last year. Net income was $430,000 vs. $21.3 million.

Prism announces revenue increase


TORONTO – Prism Medical reported revenues of $12.2 million for the first quarter of 2015, an increase of 23% compared to the same quarter the previous year. First quarter net income from continuing operations was $402,000 or $0.08 per common share vs.

Prism Medical sells UK operations


TORONTO – Prism Medical has sold all shares of its UK division for C$54.9 million, the company recently announced.

Prism completes acquisition of MedCare


TORONTO, Ontario – Prism Medical has bought an additional 51% ownership interest in MedCare Products, making the company a wholly-owned subsidiary, according to a Feb. 10 release.

In brief: GAO rejects protest, Hoveround lays off 20


NEW YORK – The Government Accountability Office (GAO) has denied Rotech’s protest that the Department of Veterans Affairs (VA) unreasonably ignored recent, relevant information when it decided Rotech wasn’t financially fit to win contracts to supply veterans with home oxygen equipment, Law360 reports.

Prism Medical declares dividend


TORONTO – Prism Medical’s board of directors approved a dividend of $0.08 per common share, payable on March 3 to shareholders of record on Feb. 21, the company announced Jan. 28.

Prism Medical buys Medcare’s manufacturing assets


TORONTO – Prism Medical, a DME provider based here that focuses on mobility equipment and services, recently acquired the manufacturing assets of Medcare Products for $10 million in cash, according to a press release.