Invacare Corporation IVC and AssuraMed announced today that they have
signed a definitive agreement under which Invacare will sell Invacare Supply
Group (ISG), its domestic medical supplies business, to AssuraMed for $150
million, subject to certain closing adjustments. This divestiture is
consistent with Invacare's focus on its globalization strategy to harmonize
core global product lines and reduce complexity within its business. For
AssuraMed, a leader in wholesale and home-delivered medical supplies across
the United States, this strategic purchase allows the company to strengthen
its position as a leader in the medical supplies industry.
The transaction, which is expected to close in early 2013, is subject to
regulatory approval and other customary closing conditions.
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