ActivStyle claims that Advocate will expands its expertise in the catheter supply market. With the transaction, Advocate will have access to a broader product line and the financial support of a larger parent organization.
Daniel Filippini, president and CEO of ActivStyle, said: “We’re thrilled with the acquisition of Advocate as it will strengthen ActivStyle’s position as a leading supplier of home medical equipment in the reimbursed Medicaid, Medicare and insurance markets. In addition to expanding our presence in the overall urological market segment, Advocate brings a wealth of knowledge about its products, patients, and payer sources.”
Todd Cianfrocca, co-founder of Advocate, said: “We are excited about the growth opportunities with this transaction which ActivStyle affords us.”
Julio Valdivia, co-founder of Advocate, said: “Our ability to accelerate Advocate’s service offering into additional strategic areas is greatly enhanced by the added resources they bring to the table.”
ActivStyle is a supplier of disposable medical products, specializing in incontinence supplies, with a focus on Medicaid and other insurance-reimbursed markets.
