Sanomedics Announced Completion of Prime Time Medical Acquisition

MIAMI— Sanomedics International Holdings, Inc. , a medical technology holding company that focuses on game-changing products, services and ideas, announced that it has completed the previously announced acquisition of Prime Time Medical, Inc., of Largo, Florida for a total purchase price of $3,100,000, effective August 30, 2013.

Keith Houlihan, Co-founder and President of Sanomedics, stated, “We are very excited about this acquisition, as the completion of this acquisition marks a significant milestone in Sanomedics’ high growth strategy of acquiring and integrating positioned medical equipment providers with Anovent in today’s ever demanding Sleep Apnea vertical.”

Sanomedics International Holdings, Inc. is a medical technology holding company that focuses on game changing products, services and ideas—where physicians, entrepreneurs, and medical companies can work together to drive innovative technologies through concept, development, and ultimately commercialization. Sanomedics seeks to acquire sleep therapy operating businesses and its strategy is to integrate a portfolio of world-class products and service providers in the growing Sleep Apnea market. Sanomedics’ goal is to provide Sleep Apnea patients with a reliable and integrated “end-to-end” service platform. Visit sanomedics.com.