Navigation Links
Ancor and Merit acquire Uplift Technologies for Carex Health Brands

FORT WORTH, Texas, July 10, 2012 /PRNewswire/ --  Ancor Capital Partners and Merit Capital Partners announced the acquisition of Canada-based Uplift Technologies, a leader in the development, manufacturing and sales of seat-assist and light-therapy medical products. With the acquisition, Uplift Technologies will operate through Carex Health Brands Canada, a division of Boston-based Carex Health Brands.  Founded in 1993 in Dartmouth, Nova Scotia, Canada, Uplift Technologies offers clinically proven and patented seat-assist and light-therapy products with its Uplift and Daylight brands.

"This marks our second acquisition in the past year for Carex," said J. Randall Keene, Partner with Ancor and Director of Carex. "Ancor teamed up with Merit Capital approximately two years ago to acquire Carex Health Brands, and our vision was to build the company through both internal growth and acquisitions."

According to Keene, Ancor previously acquired Detach N' Go and its product line of Detachable Pill Cases are now marketed through Carex.

"The acquisition of Uplift is a meaningful step in establishing Carex as the leader in home medical products distributed through retail distribution channels," said Terrance M. Shipp, Managing Director at Merit Capital.

Carex will add the Uplift seat-assist and light-therapy brands to its product lines which include Carex, Apex, Bed Buddy, Thera-Med and Detach N' Go.

"We were impressed with the innovative nature of the Uplift Technologies products," said Matt McElduff, President of Carex.  "The Uplift seat-assist and light-therapy products are an obvious extension of our category-leading Carex brand. We expect to have an immediate impact on sales by leveraging our extensive sales and logistics network. And we will add their existing products to our current broad base of distribution, while continuing to innovate and expand the Uplift categories under the Carex brand."

According to McElduff, the brands marketed by Carex have achieved broad customer awareness in the marketplace and are used by home-care patients, the mobility challenged, senior citizens and members of the general public. Carex is the market leader in branded home-medical equipment sold through drug store chains, mass merchants, DME dealers, grocery retailers and online retailers. In addition, Carex offers one of the broadest product lines in hot/cold pain therapy and medication compliance aids. Carex products also are fully stocked with drug wholesalers who service this retail market.

Ancor Capital Partners, based in Fort Worth, Texas, is an operations-oriented private equity firm focused on lower middle-market manufacturing and distribution companies with EBITDA of $5-$15 million.  Extensive operational experience gives the Ancor team a unique understanding of the critical business issues faced by lower middle-market companies.  Ancor's proven track record includes 30 acquisitions to date in health care, consumer and other industries.Contact:

Brook M. Smith, Managing DirectorAncor

SOURCE Ancor Capital Partners
Copyright©2012 PR Newswire.
All rights reserved

Related medicine technology :

1. Ameritox Files Amended Complaint Against Millennium Laboratories For Injunctive Relief, Declaratory Relief and Damages
2. Ameritox Announces Educational Resources to Help Physicians Navigate Complex Compliance Issues
3. Millennium Laboratories Wins Lawsuit: Ameritox Advertisements Regarding Rx Guardian and Rx Guardian CD Contain Literally False Statements
4. Amgen to Acquire Mustafa Nevzat, a Leading Privately Held Turkish Pharmaceutical Company
5. Watson to Acquire Actavis Group for EUR4.25 Billion
6. VWR International, LLC Signs Agreement to Acquire basan Germany GmbH
7. Haemonetics Signs Definitive Agreement To Acquire Hemerus Medical, LLC
8. Haemonetics Signs Definitive Agreement to Acquire Pall Corporations Blood Collection, Filtration and Processing Product Lines For $551 Million
9. Kensey Nash Agrees to Be Acquired by DSM for $38.50 per Share in Cash
10. Johnson & Johnson (China) Investment Ltd. Acquires Guangzhou Bioseal Biotechnology Co., Ltd.
11. Valeant Pharmaceuticals Agrees To Acquire AcneFree And Certain Assets From University Medical
Post Your Comments:
(Date:10/11/2017)... , Oct. 11, 2017  Hill-Rom Holdings, Inc. ("Hill-Rom") ... Surgical facility in Las Piedras, Puerto Rico ... and blades. ... the facility sustained minor structural damage, temporary loss of ... Repairs have been completed, manufacturing operations have resumed, and ...
(Date:10/4/2017)... Oct. 4, 2017  South Korean-based healthcare product Development ... aide "cprCUBE" on Kickstarter. The device will educate the ... arrests with better efficiency compared to the dated and ... feedback on efficacy of the compression for a more ... a goal to raise $5,000. ...
(Date:10/2/2017)... 2, 2017  AllianceRx Walgreens Prime, the combined central ... and pharmacy benefit manager Prime Therapeutics LLC (Prime), today ... included the unveiling of new signage at its headquarters ... as at a few other company-owned facilities across the ... patients, some of whom will begin to see the ...
Breaking Medicine Technology:
(Date:10/13/2017)... ... October 13, 2017 , ... ... that offers insurance and financial preparation services, is providing an update on a ... organization. , Rock City Rescue is a locally recognized nonprofit that provides shelter ...
(Date:10/13/2017)... ... October 13, 2017 , ... PurhealthRX , a leading Health and Nutrition ... the Purzorb™process to full spectrum CBD oil will revolutionize the rapidly growing CBD market ... can be easily incorporated into liquid products, while reducing costs to end users. , ...
(Date:10/13/2017)... ... 2017 , ... The Visiting Nurse Association (VNA) of Somerset Hills is proud ... and unique items from across the nation, this holiday-themed event will raise funds and ... the VNA. The boutique will be open Saturday, November 4 (10:00 a.m. – ...
(Date:10/13/2017)... (PRWEB) , ... October 13, 2017 , ... ... DevOps and Agile Software Development, has been awarded a contract by the Center ... Purchase Agreement (BPA) aims to accelerate the enterprise use of Agile methodologies in ...
(Date:10/12/2017)... ... October 12, 2017 , ... Planet Fitness, one of the ... today its plans to open a flagship location in Covington, LA at 401 N. ... To Go store next to Office Depot in the Holiday Square shopping center. Its ...
Breaking Medicine News(10 mins):