Graham-Field Acquires Pressure Management Group, Inc.
Atlanta, Georgia, March 5, 2012: FOR IMMEDIATE RELEASE
GF Health Products, Inc. (“Graham-Field”) announced today that it will acquire substantially all of the assets of Pressure Management Group, Inc. (“PMG”). PMG, located in Jacksonville, FL, is a privately-owned manufacturer of pressure reduction support surfaces, gel overlays, mattresses, foam and gel cushions, positioning and related products for the long-term care, homecare and acute care markets. The transaction is scheduled to close on March 16, 2012.
“We are excited about combining PMG with Graham-Field to maximize our product and marketing opportunities in all of the markets we serve. The acquisition of PMG’s proprietary non-aqueous gel formulation/manufacturing process will expand Graham-Field’s ‘Made in USA’ Strategic Initiative and will enhance the market potential of Basic American Medical Products long term care beds, Patriot homecare beds and E&J wheelchairs by bundling a broad line of therapeutic support surfaces,” declared Ken Spett, President and CEO of Graham-Field.
“Our customers are looking for integrated patient solutions in their purchases, as that is what best serves their customer. The addition of the PMG product capabilities gives Graham-Field the ability to combine therapeutic pressure management products with a broad range of patient transport and sleep surfaces, creating the end result of a more cost effective solution with greater patient benefits, which our customers can pass on to the patient,” added Spett.
Pressure Management Group Relocation
Graham-Field Fond du Lac, WI Facility
Graham-Field will relocate the existing Pressure Management Group manufacturing equipment and processes to its expanded 103,000 sq. ft. Doraville, GA and 136,000 sq. ft. Fond du Lac, WI USA Manufacturing facilities.
Headquartered in Atlanta, Georgia, with more than 300 US-based employees, GF Health Products, Inc. is a major manufacturer of healthcare products for the acute care, extended care, homecare and primary care markets. The Graham-Field family of brands includes Basic American Medical Products, Everest & Jennings, Grafco, Hausted, John Bunn, Labtron, Lumex and Lumiscope. Visit www.grahamfield.com or call 770-368-4700.
Press Contact: GF Health Products, Inc.