Leading Home Healthcare Company Strengthens Its Product Offering to
Competitive Bid Winners
CLEVELAND–(BUSINESS WIRE)–#Dme–Compass Health Brands™ is pleased to announce the acquisition of the
Professional Medical Imports Division (PMI) and the ProBasics® brand
from Invacare Corporation. ProBasics, a line of durable medical
equipment (DME), has long been Invacare’s value brand for home medical
equipment (HME) providers that are seeking quality DME products at a
price that supports today’s reimbursement environment.
The ProBasics brand will allow Compass Health to better serve our
customers with a line of value products to meet clinical needs, while
its other brands, such as Meridian®, Roscoe® and Viverity®, will offer
premium value-added choices with an enhanced patient experience.
Together, the company will now have a comprehensive suite of solutions
for the needs of both HME providers and patients.
“This acquisition allows Compass to achieve greater volumes and
efficiencies to deliver better value to all of our customers,” said
Stuart Straus, President and CEO of Compass Health Brands. “In addition,
the ProBasics brand greatly enhances our ability to offer better
solutions to competitive bid winners and exceed expectations of all of
our customers with more choice and value.”
“While we remain committed to the Invacare® brand of
lifestyle products, the ProBasics brand of value-oriented products no
longer fits within Invacare’s strategy to focus on solutions that bring
greater benefits for clinically complex conditions and post-acute care.
The brand will be a good fit for Compass Health Brand’s expansive
product portfolio,” said Matthew E. Monaghan, Chairman, President and
Chief Executive Officer, of Invacare Corporation.
Compass Health Brands’ acquisition of ProBasics follows on the heels of
the company’s purchase of both the StrengthTape and Meridian Medical
brands. The new addition of ProBasics further diversifies and
strengthens Compass Health Brands’ extensive and ever-growing portfolio
of the most innovative home health care, mobility and pain management
products that promote consumer independence and quality of life.
About Compass Health
Compass Health Brands, headquartered in Middleburg Heights, Ohio,
manufactures and distributes bath safety, personal care, durable medical
equipment, support surfaces, pressure prevention, mobility, pain
management, respiratory, health aids, and medication compliance, serving
both professional and consumer markets. Professional brands include
Meridian Medical, Roscoe Medical, InTENSity and Viverity and are sold
through a professional independent dealer network. Consumer brands
include Carex, AccuRelief, Apex, Bed Buddy and TheraMed and are sold
through drug store chains, drug wholesalers, mass merchants, and grocery
retailers. For more information, visit www.compasshealthbrands.com.
About Invacare Corporation:
Invacare Corporation (NYSE:IVC), headquartered in Elyria, Ohio, is a
global leader in the manufacture and distribution of innovative home and
long-term care medical products that promote recovery and active
lifestyles. The company has 4,700 associates and markets its products in
approximately 100 countries around the world. For more information about
the company and its products, visit Invacare’s website at www.invacare.com.
Compass Health Brands
Laura Casto, Vice President, Marketing,