Prism Medical Announces Acquisition Of Access Solutions

PRISM MEDICAL LTD. (TSX-V: PM) (“Prism”) today appear that its wholly endemic US subsidiary, ErgoSafe Products LLC, accomplishing business as Prism Medical Services USA, has completed the accretion of essentially all the assets and operations of Kevko Solutions, Inc., a New York corporation, accomplishing business as Access Solutions, a abreast endemic United States based benefactor of affective and administration articles for the advancement impaired. The assets were acquired for about $500,000. The acquirement amount was annoyed by a banknote transaction of $400,000 and a $100,000 holdback until assertive acknowledged obligations are met. Additional consideration, of up to $1,600,000 may be paid in approaching depending on the after-effects of the operation which will accomplish as Access Solutions, a Prism Medical Company.

Access Solutions has been in operation back 1999 accouterment analysis & assessment, installation, and training services, as able-bodied as the administration of a array of safe accommodating administration and accessibility articles for the Acute, Long-Term Care and Home Health Care markets in New York and Northern Pennsylvania. The articles cover beam lifts, amount lifts, ramps, attic lifts, bathing systems, beds and repositioning aids. Products are awash for use in institutions and homecare.

The above majority shareholders, Walter A. Kolt Jr. and Kevin Klipfel accept entered into application affairs with Prism Medical Services USA. Walter A. Kolt Jr. will abide to be amenable for the circadian operations as General Manager of Access Solutions and Kevin Klipfel will abide as a above contributor to Prism’s US institutional sales activities.

Andrew A. McIntyre, Chairman and CEO of Prism stated, "The accretion of Access Solutions marks addition footfall in the cardinal amplification of our geographic advantage and artefact offering. Access Solutions fills an absolute gap in our US bazaar and will accommodate Prism's articles with absolute acceptance to outstanding chump relationships developed by Access Solutions over the endure nine years in New York and the surrounding arena of the United States. We attending advanced to the opportunities that will be created through this acquisition."

Prism Medical Ltd. is a provider of abiding medical accessories and accompanying casework to the advancement disadvantaged in Canada, the U.S.A. and the United Kingdom. While Prism’s history dates aback to 1996, Prism’s subsidiaries and capacity accept been application the advancement disadvantaged back the mid 1980s in their homes, abiding affliction accessories and adroit affliction facilities. Prism includes Waverley Glen Systems, North America’s arch beam lift architect with administration above Canada and the US including Patient Lifts of New England. In the UK, Prism includes Westholme and Care Free Lifting & Handling, arch distributors of affective and administration articles in the UK, and Freeway Health Care, a architect of beam hoists and battery chairs.