STRONGSVILLE, Ohio and NORWELL, Mass. (March 27, 2014)—Roscoe Medical and Carex Health Brands have announced the merger that will create a combined company positioned to better serve the growing home health care market with dominant market distribution across all channels from retail to DME and managed care with an extensive product portfolio. Terms of the merger are not being disclosed.
Combined, the companies have more than 60 years of experience in the home health care market. They share a common vision of providing quality products that promote consumer independence and improved quality of life. Together, the two companies employ more than 200 employees and manage a large distribution network across the U.S.
Key strategic benefits of the merger include:
Expanded product offerings and larger market distribution footprint—diversified products and larger market distribution footprint of the combined organization will strengthen the company's ability to serve home healthcare customers across North America.
Accelerated innovation—anticipated pooling of the combined organization's research and technology will help to streamline product development and better address the evolving needs of a continual growing consumer demographic.
Enhanced financial flexibility and strength—merger will allow the combined company to pursue growth opportunities while continually investing in the HME industry.
Paul Guth will serve as CEO of the new company and president of Roscoe Medical. Matt McElduff will continue to be president of Carex Health Brands. The combined company's management team will remain in place. Visit roscoemedical.com and carex.com for more information.
