MINNEAPOLIS – Coloplast, which has its U.S. headquarters here but is based in Denmark, has entered into a definitive agreement to acquire Coral Springs, Fla.-based Comfort Medical for $160 million in cash, the company announced Nov. 30.
WASHINGTON – A federal judge in Texas on Nov. 22 blocked a new overtime rule from going into effect on Dec. 1. The rule would require employers to pay overtime for more than 40 hours of work per week for all employees earning up to $913 per week or $47,476 per year. The current threshold: $455 per week or $23,660 per year. The judge, Amos L. Mazzant III of the Eastern District of Texas, ruled that the Obama administration had exceeded its authority by raising the overtime salary limit so significantly. The Labor Department says it “strongly disagreed” with the decision and was “considering all of our legal options,” raising the possibility of an appeal, according to The New York Times. While the injunction is only a temporary measure that suspends the rule until the judge can issue a decision on the merits, his language indicates he will likely strike down the rule, the Times reported.
FORT WORTH, Texas – Numotion has acquired Home Medical Equipment (HME) of Texas to extend its reach and capacity in the state. HME of Texas has been in business for more than 20 years, serving all of Texas from its location in Fort Worth.
BRENTWOOD, Tenn. – Numotion will serve as the exclusive U.S. distributor of SoftWheels in-wheel suspension technology. The technology provides rigidity and stability for manual wheelchairs, reducing the pain and discomfort associated with wheelchair use.