This press release contains forward-looking information within the meaning of applicable securities laws that reflects the current expectations of management of Prism Medical regarding the Arrangement and its consummation, including whether conditions to the consummation of the Arrangement will be satisfied, and the timing for completing the Arrangement. For more information, please see FORWARD-LOOKING STATEMENTS Handicare has 950 employees and its headquarters in Kista, Sweden, and has subsidiaries in Norway, Denmark, Germany, the Netherlands, England, Belgium, France, and the US. Through its subsidiary Puls, the group is also a market leader in the sale of capital goods and consumables to hospitals and institutions in Norway.
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Handicare's brand products are distributed through a comprehensive network of professional dealers and distributors in 30 countries around the world.
Its products include stairlifts, transfer and lifting products, automobile adaptation solutions and homecare products. Handicare was founded in 1986 and supplies technical aids for the elderly and physically disabled. For further information visit Prism Medical's website at or ABOUT HANDICARE GROUP AB Through its network of dealers, Prism Medical provides an integrated suite of products and services that make homecare a viable option for many people. Prism Medical offers solutions that encourage improved care, quality of life and mobility, while seeking to lower the overall cost of the caregiving function in a number of ways, including reducing the incidence of handling-related injuries among caregivers. Prism Medical's products are marketed under the brand names of Prism Medical, ErgoSafe, Waverley Glen and Nightingale in the homecare, acute care and long-term care markets throughout North America.
Prism Medical is a vertically integrated manufacturer and leading provider of equipment and services used to move and handle mobility challenged individuals in a safe and dignified manner. Prism also intends to apply to cease to be a reporting issuer in the applicable provinces of Canada. It is expected that the Prism Medical common shares will be delisted from the TSX Venture Exchange shortly hereafter.
(" Handicare"), an indirect wholly-owned subsidiary of Handicare Group AB, and Prism Medical pursuant to which Handicare has acquired all of the outstanding common shares of Prism Medical for $14.00 per share by way of a court approved plan of arrangement under the Business Corporations Act (Ontario). (" Prism Medical") (TSX VENTURE:PM) and Handicare Group AB today announced the completion of the previously announced arrangement between Handicare Holdings Ltd. TORONTO, ONTARIO and KISTA, SWEDEN-(Marketwired - Aug.
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