Terms of the purchase are not being disclosed.
Meridian Medical’s product line is an excellent addition to our professional channel, which services the HME provider market through an independent HME dealer network.
Together, the company will now have a full suite of solutions for pressure prevention to better service HME providers. Meridian Medical markets its products under six well-known brands ? Air Lift®, CareFore®, Ultra Care®, Gel Lite®, Core Comfort® and MediPress®.
“This acquisition expands our best in class product portfolio and provides us a solid platform in the pressure prevention category,” said Stuart Straus, President and CEO of Compass Health Brands.
“In addition, Meridian nicely compliments our Roscoe Medical business and greatly enhances our ability to meet the growing needs of our home medical equipment dealer network.”
“We are excited to be joining the Compass Health Brands portfolio of companies. Being part of such a dynamic and growing organization will bring significant opportunities,” added Mike Cofer, President of Meridian Medical. “Our new combined customer base will greatly benefit from expanded product lines and enhanced distribution capabilities that we will be able to provide.”
With operations in Knoxville, Tennessee, Meridian Medical will continue to manufacture products in the United States. Mike Cofer will stay on and serve as Director of Manufacturing Operations.
Compass Health Brands, a holding company, owns subsidiaries that are leaders in bath safety, durable medical equipment, health aids, medication compliance, mobility, pain management, personal care, respiratory, and sleep therapy serving both professional and consumer markets.
The products are used by home care patients, the mobility challenged, senior citizens, and members of the general public.
