From the Birmingham Post on July 15th 2009
The corporate division of Birmingham law firm Martineau has acted for a Canadian medical firm in the acquisition of two domestic mobility companies.
Prism Medical successfully acquired Test Valley Mobility and Saluss, with the deals representing a total investment of more than £2 million into the UK economy.
It also gives the Ontario firm the number-one position in the UK patient handling equipment market, significantly boosting its dealership network.
The patient handling equipment market, which includes devices such as hoists, lifts and door openers, is a growth market in the UK, supported by a significant demographic shift towards an ageing population and increased Government funding in this sector.
Stuart Meldrum, the Prism UK chief executive, said: “We have a strong presence in the UK with existing operations but the acquisition of Test Valley Mobility and Saluss gives us a significant lead in terms of our ability to fulfil and service NHS contracts and national care home groups.
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